Wall Street analysts forecast that Mimecast (NASDAQ:MIME) will report earnings per share of ($0.01) for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Mimecast’s earnings, with the highest EPS estimate coming in at $0.01 and the lowest estimate coming in at ($0.04). The firm is expected to report its next earnings results after the market closes on Monday, May 14th.
On average, analysts expect that Mimecast will report full year earnings of $0.02 per share for the current fiscal year, with EPS estimates ranging from ($0.01) to $0.05. For the next fiscal year, analysts anticipate that the company will post earnings of $0.16 per share, with EPS estimates ranging from $0.01 to $0.23. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Mimecast.
Mimecast (NASDAQ:MIME) last issued its quarterly earnings data on Monday, February 12th. The technology company reported $0.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.01. Mimecast had a negative return on equity of 9.88% and a negative net margin of 3.51%. The business had revenue of $67.30 million for the quarter, compared to the consensus estimate of $64.92 million. Mimecast’s quarterly revenue was up 39.3% compared to the same quarter last year.
MIME has been the subject of several analyst reports. BidaskClub upgraded Mimecast from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 10th. BMO Capital Markets initiated coverage on Mimecast in a research note on Friday, January 5th. They issued an “outperform” rating and a $35.00 target price for the company. Needham & Company LLC upped their target price on Mimecast from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, February 13th. Royal Bank of Canada reiterated a “buy” rating and issued a $38.00 target price on shares of Mimecast in a research note on Tuesday, February 13th. Finally, Barclays upped their target price on Mimecast from $34.00 to $36.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Mimecast currently has an average rating of “Buy” and a consensus target price of $37.60.
In other Mimecast news, insider Neil Murray sold 25,000 shares of the company’s stock in a transaction dated Monday, April 23rd. The stock was sold at an average price of $37.72, for a total transaction of $943,000.00. Following the completion of the sale, the insider now directly owns 2,782,865 shares in the company, valued at $104,969,667.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Edward Vincent Jennings sold 7,500 shares of the company’s stock in a transaction dated Monday, April 23rd. The stock was sold at an average price of $37.84, for a total value of $283,800.00. Following the sale, the chief operating officer now owns 7,500 shares of the company’s stock, valued at $283,800. The disclosure for this sale can be found here. Insiders have sold 59,000 shares of company stock valued at $2,229,240 over the last 90 days.
A number of large investors have recently made changes to their positions in MIME. Garelick Capital Partners LP acquired a new stake in Mimecast during the fourth quarter worth about $19,577,000. Brown Advisory Inc. increased its stake in Mimecast by 18.3% during the fourth quarter. Brown Advisory Inc. now owns 1,976,489 shares of the technology company’s stock worth $56,666,000 after acquiring an additional 305,380 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Mimecast by 14.7% in the fourth quarter. Renaissance Technologies LLC now owns 1,109,900 shares of the technology company’s stock worth $31,821,000 after buying an additional 142,500 shares during the period. Goldman Sachs Group Inc. purchased a new stake in shares of Mimecast in the fourth quarter worth about $2,417,000. Finally, Penn Capital Management Co. Inc. boosted its position in shares of Mimecast by 30.2% in the fourth quarter. Penn Capital Management Co. Inc. now owns 354,777 shares of the technology company’s stock worth $10,186,000 after buying an additional 82,277 shares during the period. Institutional investors own 64.61% of the company’s stock.
Mimecast stock traded up $0.30 during trading on Thursday, hitting $38.39. The company’s stock had a trading volume of 139,453 shares, compared to its average volume of 291,050. The firm has a market capitalization of $2,199.73, a P/E ratio of -383.80 and a beta of 0.23. Mimecast has a 1-year low of $23.59 and a 1-year high of $39.51. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.41.
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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