Mimecast (NASDAQ:MIME) is set to issue its quarterly earnings data after the market closes on Monday, August 3rd. Analysts expect the company to announce earnings of $0.04 per share for the quarter. Mimecast has set its FY 2021
After-Hours guidance at EPS and its Q1 2021
After-Hours guidance at EPS.Parties interested in registering for the company’s conference call can do so using this link.
Mimecast (NASDAQ:MIME) last posted its earnings results on Monday, May 11th. The technology company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.03. The business had revenue of $114.20 million for the quarter, compared to the consensus estimate of $112.39 million. Mimecast had a negative net margin of 0.52% and a positive return on equity of 0.61%. The company’s revenue for the quarter was up 24.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.07 EPS. On average, analysts expect Mimecast to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
NASDAQ MIME opened at $46.93 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market capitalization of $2.97 billion, a price-to-earnings ratio of -1,173.25, a price-to-earnings-growth ratio of 29.07 and a beta of 1.24. The company’s 50-day simple moving average is $42.86 and its two-hundred day simple moving average is $41.36. Mimecast has a one year low of $25.14 and a one year high of $54.40.
A number of research analysts have commented on MIME shares. Oppenheimer cut their target price on shares of Mimecast from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 12th. Cowen raised their price target on shares of Mimecast from $45.00 to $50.00 and gave the company an “outperform” rating in a report on Tuesday, May 12th. Barclays raised their price target on shares of Mimecast from $46.00 to $48.00 and gave the company an “overweight” rating in a report on Monday, July 20th. Wedbush raised their price target on shares of Mimecast from $40.00 to $46.00 and gave the company a “neutral” rating in a report on Tuesday, May 12th. Finally, Northland Securities raised their price target on shares of Mimecast from $55.00 to $73.00 and gave the company an “outperform” rating in a report on Tuesday, April 14th. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $51.65.
In other Mimecast news, VP John J. Walsh, Jr. sold 5,814 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $45.91, for a total transaction of $266,920.74. Following the completion of the transaction, the vice president now directly owns 9,511 shares of the company’s stock, valued at approximately $436,650.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Neil Murray sold 35,000 shares of the firm’s stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $42.60, for a total transaction of $1,491,000.00. Following the transaction, the director now directly owns 1,247,265 shares of the company’s stock, valued at $53,133,489. The disclosure for this sale can be found here. Insiders have sold a total of 406,400 shares of company stock valued at $17,462,713 over the last three months. 11.60% of the stock is currently owned by insiders.
Mimecast Company Profile
Mimecast Limited, a email and data security company, provides cloud security and risk management services for corporate information and email. The company offers Mimecast Email Security services, including targeted threat protection services, such as URL Protect that addresses the threat from emails containing malicious links; Attachment Protect that reduces threat from weaponized or malware-laden attachments used in spear-phishing and other attacks; Impersonation Protect that gives protection from malware-less social engineering attacks; and Internal Email Protect, which allows customers to monitor, detect, and remediate security threats that originate from within their internal email systems.
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