Mimecast Limited (NASDAQ:MIME) released its quarterly earnings results on Monday. The technology company reported $0.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.05, Bloomberg Earnings reports. The firm had revenue of $58.16 million during the quarter, compared to analysts’ expectations of $54.96 million. Mimecast Limited had a negative return on equity of 6.82% and a negative net margin of 2.92%. Mimecast Limited’s quarterly revenue was up 40.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.04 EPS.

Shares of Mimecast Limited (MIME) traded up 0.93% during trading on Monday, hitting $28.19. The company’s stock had a trading volume of 310,870 shares. The company’s market capitalization is $1.59 billion. Mimecast Limited has a 1-year low of $12.40 and a 1-year high of $29.48. The firm’s 50 day moving average is $26.85 and its 200-day moving average is $23.77.

ILLEGAL ACTIVITY WARNING: This piece of content was reported by Daily Political and is the property of of Daily Political. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US and international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.dailypolitical.com/2017/08/07/mimecast-limited-nasdaqmime-announces-earnings-results.html.

A number of research firms have weighed in on MIME. BidaskClub cut Mimecast Limited from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 15th. Needham & Company LLC began coverage on Mimecast Limited in a report on Tuesday, July 25th. They issued a “buy” rating and a $33.00 price target for the company. Benchmark Co. upped their price target on Mimecast Limited from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday, May 10th. Summit Redstone restated a “buy” rating and issued a $30.00 price target on shares of Mimecast Limited in a report on Thursday, April 13th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $30.00 price target on shares of Mimecast Limited in a report on Monday, July 31st. One analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $28.42.

Mimecast Limited Company Profile

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.

Earnings History for Mimecast Limited (NASDAQ:MIME)

Receive News & Ratings for Mimecast Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mimecast Limited and related companies with MarketBeat.com's FREE daily email newsletter.