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Mimecast: Q2 Earnings Insights

Benzinga Insights
·1 min read

Shares of Mimecast (NASDAQ:MIME) rose 3.18% in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share increased 146.15% over the past year to $0.32, which beat the estimate of $0.20.

Revenue of $122,693,000 higher by 18.71% from the same period last year, which beat the estimate of $121,130,000.

Guidance

Mimecast Sees Q3 Sales $126M-$127M vs $124.81M Est., Sees FY21 Sales $490.5M-$493.5M vs $490.87M Est.

Details Of The Call

Date: Nov 02, 2020

Time: 04:30 PM

View more earnings on MIME

ET Webcast URL: https://edge.media-server.com/mmc/p/77vhcdkd

Price Action

52-week high: $54.40

Company's 52-week low was at $25.14

Price action over last quarter: down 15.27%

Company Overview

Mimecast Ltd operates in the technology sector based in the United States. Its core product is cloud-based software to address internet security threats that mainly cause e-mail failure or downtime. Mimecast's chief product is an operating system, known as the Mime. The Mime protects inbound and outbound e-mail from malware, spam, threats. In addition, its archiving services secure, store and manage critical corporate communications and information, thereby aiding organizations in their corporate governance and employee productivity. The company derives revenue principally from the United States through the subscription fees and the sales to customers purchasing additional support.

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