Mimecast Limited (NASDAQ:MIME) is reporting second quarter earnings results on Monday 2nd November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.20 per share from $ 121.13 million in revenue.
For the full year, analysts predict revenues of $ 490.87 million, while looking forward to income of $ 0.74 per share.
The Company Outlook
Revenue for 2Q21 are expected in a range of $ 120.80 million ~ $ 121.80 million
Full Year 2021 topline are forecasted in a range of$ 488.10 million ~ $ 493.10 million
Click Here For More Historical Outlooks Of Mimecast Limited
Previous Quarter Performance
Mimecast Limited outlined income for the first quarter of $ 0.22 per share, from the revenue of $ 115.18 million. The quarterly earnings improved 175.00 percent compared with the same quarter last year. Street analysts expected Mimecast Limited to report income of $ 0.16 per share on revenue of $ 113.30 million for the first quarter. The bottom line results beat street analysts by $ 0.06 or 37.50 percent, at the same time, top line results outshined analysts by $ 1.88 million or 1.66 percent.
Stock Performance
On Friday, shares of Mimecast Limited has traded high as $ 39.69 and has cracked $ 37.98 on the downward trend, reaching $ 38.21 with volume of 924.90 thousand shares.
According to the previous trading day, closing price of $ 38.21, representing a 59.31 % increase from the 52 week low of $ 25.14 and a 26.38 % decrease over the 52 week high of $ 54.40.
The company has a market capital of $ 2.44 billion and is part of the Technology sector and Software – Infrastructure industry.
Recent Analyst recommendations
- On 9th September 2020, initiated by Loop Capital at Buy rating, with $ 60.00 target price.
Conference Call
Mimecast Limited will be hosting a conference call at 4:30 PM eastern time on 2nd November 2020, to discuss its 2Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.mimecast.com
Mimecast Limited, an 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. Its Mimecast Email Security services also comprise Secure Messaging for sharing sensitive information with external contacts through email; Large File Send that enables employees to create security and compliance risks when they turn to file sharing services; and Data Leak Prevention, which prevents the inadvertent or malicious loss of sensitive corporate data.
