Wall Street analysts expect that Mimecast (NASDAQ:MIME) will announce $71.38 million in sales for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Mimecast’s earnings. The highest sales estimate is $71.57 million and the lowest is $71.00 million. Mimecast reported sales of $52.41 million in the same quarter last year, which indicates a positive year-over-year growth rate of 36.2%. The business is expected to announce its next quarterly earnings report on Tuesday, May 8th.
According to Zacks, analysts expect that Mimecast will report full year sales of $71.38 million for the current financial year, with estimates ranging from $259.77 million to $260.07 million. For the next financial year, analysts expect that the company will report sales of $316.81 million per share, with estimates ranging from $310.00 million to $327.44 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow Mimecast.
Mimecast (NASDAQ:MIME) last released its quarterly earnings data on Monday, February 12th. The technology company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $67.30 million for the quarter, compared to the consensus estimate of $64.92 million. The company’s quarterly revenue was up 39.3% compared to the same quarter last year.
NASDAQ:MIME traded down $0.45 during mid-day trading on Friday, reaching $35.01. The stock had a trading volume of 76,293 shares, compared to its average volume of 310,856. Mimecast has a fifty-two week low of $21.43 and a fifty-two week high of $39.33. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.39 and a current ratio of 1.39. The company has a market capitalization of $2,057.52, a P/E ratio of -350.10 and a beta of 0.24.
Institutional investors have recently made changes to their positions in the company. GW&K Investment Management LLC grew its stake in shares of Mimecast by 41.1% in the fourth quarter. GW&K Investment Management LLC now owns 125,404 shares of the technology company’s stock worth $3,595,000 after acquiring an additional 36,536 shares during the last quarter. UBS Asset Management Americas Inc. grew its stake in shares of Mimecast by 18.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 399,100 shares of the technology company’s stock worth $11,442,000 after acquiring an additional 62,200 shares during the last quarter. Granahan Investment Management Inc. MA grew its stake in shares of Mimecast by 2.9% in the third quarter. Granahan Investment Management Inc. MA now owns 582,720 shares of the technology company’s stock worth $16,561,000 after acquiring an additional 16,253 shares during the last quarter. New York State Common Retirement Fund grew its stake in shares of Mimecast by 927.1% in the third quarter. New York State Common Retirement Fund now owns 181,173 shares of the technology company’s stock worth $5,149,000 after acquiring an additional 163,534 shares during the last quarter. Finally, Penn Capital Management Co. Inc. grew its stake 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 acquiring an additional 82,277 shares during the last quarter. Institutional investors and hedge funds own 64.57% of the company’s stock.
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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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