Mimecast Ltd (MIME) reported quarterly earnings results on Monday, Aug-8-2016. The company said it had a profit of $0.04 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.08. Analysts had a consensus of $-0.04. The company posted revenue of $41.46 million in the period, compared to analysts expectations of $39.85 million. The company’s revenue was up 24.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.04 EPS.
Many Wall Street Analysts have commented on Mimecast Ltd. Dougherty & Company Initiated Mimecast Ltd on Jun 3, 2016 to “Buy”, Price Target of the shares are set at $12.
Mimecast Limited is a United Kingdom-based business e-mail and data safety solutions provider. The Company offers solutions for e-mail security; archiving risk and compliance; business continuity; migration and employee productivity and mobility. Its products consist of Mimecast Secure Email Gateway which is offered for spam and virus protection content control and data leak prevention targeted threat protection file send secure messaging and advanced e-mail signature and disclaimer management; Mimecast Mailbox Continuity which is offered for continuity services and Mimecast Enterprise Information Archiving which is offered for file archiving legacy archive data management and Lync Instant messaging Archiving. Mimecast Unified Email Management bundles security protection archived corporate data and e-mail services. Its professional services include assisted connect intelligent data migration legacy archive data management and bespoke consulting services.