Mimecast (NASDAQ:MIME) issued its quarterly earnings results on Monday. The technology company reported $0.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.01, Bloomberg Earnings reports. Mimecast had a negative return on equity of 11.28% and a negative net margin of 4.16%. The business had revenue of $67.30 million during the quarter, compared to the consensus estimate of $64.92 million. The firm’s revenue for the quarter was up 39.3% compared to the same quarter last year.
Mimecast (NASDAQ MIME) opened at $33.22 on Tuesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.42 and a current ratio of 1.42. Mimecast has a 12-month low of $19.12 and a 12-month high of $33.38. The stock has a market capitalization of $1,890.00 and a price-to-earnings ratio of -195.41.
A number of research analysts recently issued reports on the company. BidaskClub upgraded Mimecast from a “hold” rating to a “buy” rating in a research report on Thursday, January 11th. Dougherty & Co boosted their price objective on Mimecast from $32.00 to $36.00 and gave the company a “buy” rating in a research report on Monday, November 6th. Barclays boosted their price objective on Mimecast from $31.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday, November 9th. Jefferies Group restated a “buy” rating and set a $38.00 price objective on shares of Mimecast in a research report on Friday, November 10th. Finally, Royal Bank of Canada restated a “buy” rating and set a $33.00 price objective on shares of Mimecast in a research report on Wednesday, October 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $35.00.
Mimecast Limited is a provider of cloud security and risk management services for corporate information and e-mail. The Company’s suite of cloud services protects customers from the business and data security risks. It also mitigates the business disruption that e-mail failure or downtime causes. In addition, its archiving services secure, store and manage critical corporate communications and information to address the compliance and e-discovery requirements.
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