Mimecast (NASDAQ:MIME) posted its earnings results on Thursday, November 7th. The technology company reported $0.13 EPS for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.11, Briefing.com reports. The business had revenue of $103.36 million during the quarter, compared to analyst estimates of $101.63 million. Mimecast had a negative return on equity of 0.82% and a negative net margin of 1.67%. The company’s quarterly revenue was up 25.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.06 EPS.
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Mimecast stock traded up $0.21 during mid-day trading on Friday, reaching $42.97. 442,500 shares of the company were exchanged, compared to its average volume of 588,255. The business has a fifty day moving average of $39.26 and a 200 day moving average of $43.85. The firm has a market cap of $2.65 billion, a P/E ratio of -613.86, a PEG ratio of 36.39 and a beta of 1.18. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.18 and a current ratio of 1.18. Mimecast has a 12-month low of $29.67 and a 12-month high of $54.57.
In related news, Director Neil Murray sold 35,000 shares of the business’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $38.78, for a total transaction of $1,357,300.00. Following the completion of the transaction, the director now owns 1,737,245 shares in the company, valued at $67,370,361.10. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider John J. Walsh, Jr. sold 5,882 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $42.01, for a total transaction of $247,102.82. The disclosure for this sale can be found here. In the last 90 days, insiders sold 333,572 shares of company stock valued at $13,863,674. Insiders own 11.60% of the company’s stock.
MIME has been the subject of a number of research analyst reports. BidaskClub raised Mimecast from a “sell” rating to a “hold” rating in a report on Thursday, October 3rd. Rosenblatt Securities began coverage on Mimecast in a report on Wednesday, August 21st. They issued a “buy” rating and a $57.00 price objective for the company. BMO Capital Markets reaffirmed an “outperform” rating and issued a $53.00 price objective on shares of Mimecast in a report on Friday, November 8th. Wedbush lowered their price objective on Mimecast from $50.00 to $46.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th. Finally, Barclays lowered their price objective on Mimecast from $54.00 to $50.00 and set an “overweight” rating on the stock in a research report on Friday, November 8th. Five analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $55.19.
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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