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Feb. 11, 2019, 4:51 p.m. EST

Mimecast stock rallies as earnings, outlook top Street view

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    Mimecast Ltd. (MIME)

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By Wallace Witkowski

MIME

Mimecast Ltd. /zigman2/quotes/202578603/composite MIME -1.26% shares rose in the extended session Monday after the cybersecurity company's quarterly results and forecast topped Wall Street estimates. Mimecast shares surged 6.3% after hours, following a 1% rise to close the regular session at $42.82. The company reported fiscal third-quarter net income of $458,000, or 1 cent a share, compared with a loss of $2.6 million, or 5 cents a share, in the year-ago period. Adjusted earnings were 9 cents a share. Revenue rose to $87.6 million from $67.3 million in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of 6 cents a share on revenue of $84.8 million. Mimecast expects revenue of $90.6 million to $91.5 million for the fourth quarter, and $338.7 million to $339.7 million for the year, while analysts had forecast revenue of $87.9 million for the fourth quarter and $333.2 million for the year. For fiscal 2020, Mimecast estimated revenue of $413 million to $427 million, while analysts expect $405.1 million.

/zigman2/quotes/202578603/composite
US : U.S.: Nasdaq
$ 38.40
-0.49 -1.26%
Volume: 534,068
Oct. 18, 2019 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$2.38 billion
Rev. per Employee
$269,786
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