Wall Street analysts expect that Mimecast Limited (NASDAQ:MIME) will announce sales of $137.86 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Mimecast’s earnings. The lowest sales estimate is $137.64 million and the highest is $138.00 million. Mimecast reported sales of $115.18 million during the same quarter last year, which indicates a positive year over year growth rate of 19.7%. The company is expected to announce its next earnings report before the market opens on Tuesday, August 3rd.
According to Zacks, analysts expect that Mimecast will report full year sales of $573.20 million for the current financial year, with estimates ranging from $562.36 million to $579.09 million. For the next financial year, analysts expect that the business will post sales of $651.88 million, with estimates ranging from $647.00 million to $664.00 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Mimecast.
Mimecast (NASDAQ:MIME) last released its earnings results on Tuesday, May 11th. The technology company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.05. Mimecast had a net margin of 5.93% and a return on equity of 10.01%. The firm had revenue of $133.90 million during the quarter, compared to analyst estimates of $131.19 million. During the same quarter in the previous year, the business earned $0.15 EPS. The business’s quarterly revenue was up 17.3% compared to the same quarter last year.
Shares of MIME stock traded up $0.72 on Friday, hitting $56.76. The stock had a trading volume of 13,329 shares, compared to its average volume of 427,716. The company has a fifty day simple moving average of $51.99. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.28 and a current ratio of 1.28. Mimecast has a twelve month low of $37.03 and a twelve month high of $59.48. The firm has a market cap of $3.70 billion, a price-to-earnings ratio of 125.49, a P/E/G ratio of 2.50 and a beta of 1.30.
In other Mimecast news, Director Neil Murray sold 35,000 shares of Mimecast stock in a transaction dated Monday, July 19th. The stock was sold at an average price of $54.07, for a total value of $1,892,450.00. Following the transaction, the director now owns 850,697 shares in the company, valued at $45,997,186.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John J. Walsh, Jr. sold 2,000 shares of Mimecast stock in a transaction dated Monday, May 17th. The shares were sold at an average price of $47.04, for a total value of $94,080.00. Following the completion of the transaction, the insider now owns 3,642 shares in the company, valued at approximately $171,319.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 264,381 shares of company stock valued at $13,030,667. Insiders own 9.50% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. lifted its holdings in Mimecast by 11.2% in the first quarter. BlackRock Inc. now owns 5,105,082 shares of the technology company’s stock valued at $205,276,000 after acquiring an additional 513,322 shares during the period. Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Mimecast by 8.1% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,080,927 shares of the technology company’s stock worth $83,674,000 after buying an additional 156,369 shares during the period. Nikko Asset Management Americas Inc. raised its stake in Mimecast by 53.5% in the 1st quarter. Nikko Asset Management Americas Inc. now owns 1,740,265 shares of the technology company’s stock valued at $69,976,000 after purchasing an additional 606,886 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Mimecast by 39.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,347,860 shares of the technology company’s stock valued at $54,197,000 after purchasing an additional 383,388 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its holdings in Mimecast by 7.3% in the 1st quarter. Allianz Asset Management GmbH now owns 1,345,281 shares of the technology company’s stock valued at $54,094,000 after buying an additional 91,841 shares in the last quarter. Hedge funds and other institutional investors own 79.88% of the company’s stock.
Mimecast Limited provides cloud security and risk management services for corporate information and email. The company offers Mimecast Email Security solution, which protects against the delivery of malware, malicious URLs and attachments, spam, viruses, impersonation attacks, phishing, and spear-phishing attacks, including business email compromise, identity theft, extortion, fraud, and other attacks, while also preventing data leaks and other internal threats, as well as provides awareness training services.
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