Investor Alert

New York Markets Close in:

Market Pulse Archives

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

Mimecast stock rallies as earnings, outlook top Street view

Watchlist Relevance

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

or Cancel Already have a watchlist? Log In

By Wallace Witkowski

Mimecast Ltd. 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.

This Story has 0 Comments
Be the first to comment
More News In

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.