Mimecast Limited (NASDAQ:MIME) is reporting first quarter financial results on Monday 3rd August 2020, after market close.
According to analysts surveyed by Thomson Reuters, MIME is expected to report 1Q21 income of $ 0.16 per share from revenue of $ 113.30 million.
For the full year, analysts anticipate top line of $ 479.85 million, while looking forward to income of $ 0.65 per share bottom line.
The Company Outlook
Revenue for 1Q21 are expected in a range of $ 112.80 million ~ $ 113.80 million
Full Year 2021 topline are forecasted in a range of$ 475.00 million ~ $ 485.00 million
Click Here For More Historical Outlooks Of Mimecast Limited
Previous Quarter Performance
Mimecast Limited announced income for the fourth quarter of $ 0.15 per share, from the revenue of $ 114.22 million. The quarterly earnings grew 114.29 percent while revenues grew 23.90 percent compared with the same quarter last year.
According to street consensus, MIME was expected to report 4Q20 income of $ 0.12 per share from revenue of $ 112.63 million. The bottom line results beat street analysts by $ 0.03 or 25.00 percent, at the same time, top line results outshined analysts by $ 1.59 million or 1.41 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of MIME was $ 46.93, representing a 86.67 % increase from the 52 week low of $ 25.14 and a 13.73 % decrease over the 52 week high of $ 54.40.
The company has a market capital of $ 2.97 billion and is part of the Technology sector and Software – Infrastructure industry.
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Conference Call
Mimecast Limited will be hosting a conference call at 4:30 PM eastern time on 3rd August 2020, to discuss its 1Q21 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.
