Analysts expect Mimecast Ltd (NASDAQ:MIME) to post $0.09 earnings per share for the current fiscal quarter, Zacks reports. Nine analysts have issued estimates for Mimecast’s earnings. The highest EPS estimate is $0.17 and the lowest is $0.06. Mimecast posted earnings per share of ($0.05) during the same quarter last year, which would indicate a positive year-over-year growth rate of 280%. The company is scheduled to announce its next earnings results on Monday, May 13th.
According to Zacks, analysts expect that Mimecast will report full-year earnings of $0.27 per share for the current fiscal year, with EPS estimates ranging from $0.21 to $0.35. For the next financial year, analysts forecast that the firm will report earnings of $0.50 per share, with EPS estimates ranging from $0.37 to $0.81. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that cover Mimecast.
Mimecast (NASDAQ:MIME) last released its quarterly earnings results on Monday, February 11th. The technology company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.04). Mimecast had a negative return on equity of 6.51% and a negative net margin of 4.14%. The firm had revenue of $87.61 million for the quarter, compared to analyst estimates of $84.80 million.
A number of equities analysts have weighed in on MIME shares. Summit Insights raised Mimecast from a “hold” rating to a “buy” rating in a research report on Tuesday, February 12th. Wedbush upped their price target on Mimecast from $40.00 to $47.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 12th. Zacks Investment Research downgraded Mimecast from a “buy” rating to a “hold” rating in a research report on Wednesday, January 9th. Needham & Company LLC reaffirmed a “buy” rating and set a $52.00 price target (up previously from $49.00) on shares of Mimecast in a research report on Tuesday, February 12th. Finally, BidaskClub raised Mimecast from a “hold” rating to a “buy” rating in a research report on Thursday, January 31st. Three research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $50.93.
In other news, Director Christopher Fitzgerald sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $47.42, for a total transaction of $94,840.00. Following the sale, the director now owns 23,821 shares in the company, valued at approximately $1,129,591.82. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Robert P. Nault sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $47.25, for a total value of $236,250.00. Following the sale, the insider now owns 5,000 shares in the company, valued at approximately $236,250. The disclosure for this sale can be found here. In the last quarter, insiders have sold 500,781 shares of company stock worth $21,760,727. Company insiders own 29.00% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Alliancebernstein L.P. bought a new stake in Mimecast in the 3rd quarter valued at $4,272,000. Canada Pension Plan Investment Board raised its stake in Mimecast by 1,011.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 245,636 shares of the technology company’s stock valued at $8,260,000 after acquiring an additional 223,526 shares during the period. PEAK6 Investments LLC bought a new stake in Mimecast in the 3rd quarter valued at $210,000. Loomis Sayles & Co. L P raised its stake in Mimecast by 7.6% in the 3rd quarter. Loomis Sayles & Co. L P now owns 842,326 shares of the technology company’s stock valued at $35,277,000 after acquiring an additional 59,335 shares during the period. Finally, Scge Management L.P. bought a new stake in Mimecast in the 3rd quarter valued at $40,205,000. Institutional investors own 70.89% of the company’s stock.
NASDAQ:MIME opened at $46.05 on Tuesday. Mimecast has a twelve month low of $29.67 and a twelve month high of $51.66. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.29 and a quick ratio of 1.29. The company has a market cap of $2.78 billion, a price-to-earnings ratio of -242.37 and a beta of 1.12.
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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