Mimecast Limited provides cloud security and risk management services for corporate information and email. The company offers Mimecast Email Security solution, which protects against the delivery of malware, malicious URLs and attachments, spam, viruses, impersonation attacks, phishing, and spear-phishing attacks, including business email compromise, identity theft, extortion, fraud, and other attacks, while also preventing data leaks and other internal threats, as well as provides awareness training services. It also provides Cyber Resilience Extensions, such as Mimecast Enterprise Information Archiving that unifies email data to support e-discovery, forensic analysis, and compliance initiatives; Mimecast Business Continuity and Sync & Recover, which protects email and data against the threat of downtime as a result of system failure, natural disasters, planned maintenance, system upgrades, and migrations; and Mimecast Web Security service that protects against malicious web activity initiated by user action or malware and blocks access to inappropriate websites based on acceptable use policies. In addition, the company's Cyber Resilience Extensions also comprise Mimecast Secure Messaging, a secure and private channel to share sensitive information; Mimecast Health Care Pack, which prevents breaches and protects against data exfiltration transmissions; and Mimecast Large File Send that enables employees to create security and compliance risks when they turn to file sharing services. Further, it offers Threat Intelligence Dashboard, which displays cyber threat data specific to an organization by identifying users who pose the greatest cyber risk; and Mimecast Mobile and Desktop Apps for mobile, PC, and Mac users, as well as engages in data center operations. The company sells its services through direct sales and channel partners. Mimecast Limited was founded in 2003 and is headquartered in London, the United Kingdom.
IPO Year: 2015
Exchange: NASDAQ
Website: mimecast.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/19/2022 | $80.00 | Overweight → Equal Weight | Barclays |
| 1/19/2022 | Overweight → Equal-Weight | Barclays | |
| 1/14/2022 | $82.00 | Outperform → Neutral | SMBC Nikko |
| 12/15/2021 | Buy → Hold | Truist Securities | |
| 12/10/2021 | $80.00 | Buy → Hold | Berenberg |
| 12/7/2021 | $88.00 → $80.00 | Buy → Hold | Needham |
| 11/3/2021 | $83.00 → $88.00 | Outperform | RBC Capital |
| 11/1/2021 | $70.00 → $83.00 | Outperform | RBC Capital |
| 10/28/2021 | $71.00 → $81.00 | Overweight | Stephens & Co. |
| 10/13/2021 | $70.00 → $75.00 | Overweight | Barclays |
LEXINGTON, Mass., Feb. 03, 2022 (GLOBE NEWSWIRE) -- Mimecast Limited (NASDAQ:MIME), a leading email security and cyber resilience company, today announced financial results for the third fiscal quarter ended December 31, 2021. Third Quarter 2022 Highlights Achieved total revenue of $151.6 million, up 17% year-over-year on a GAAP basis and up 16% in constant currency.Increased average order value (AOV) per customer to $15,200, up approximately 15% year-over-year in constant currency.Drove average services per customer to 3.9 from 3.5 in the third quarter last year.Achieved a net revenue retention rate of 108% driven by upsell of 115%, and downsell and churn of 7%.Generated GAAP operating
LEXINGTON, Mass., Jan. 14, 2022 (GLOBE NEWSWIRE) -- Mimecast Limited (NASDAQ:MIME), a leading email security and cyber resilience company, today announced that the Company will issue its financial results for the third quarter ended December 31, 2021 after market close on Thursday, February 3, 2022. Due to the Company's pending acquisition by funds advised by Permira, announced on December 7, 2021, there will not be a conference call or live webcast to discuss those financial results. Mimecast: Relentless protection. Resilient world. ™ Mimecast (NASDAQ:MIME) was born in 2003 with a focus on delivering relentless protection. Each day, we take on cyber disruption for our tens of thousands
LEXINGTON, Mass., Nov. 02, 2021 (GLOBE NEWSWIRE) -- Mimecast Limited (NASDAQ:MIME), a leading email security and cyber resilience company, today announced financial results for the second fiscal quarter ended September 30, 2021. Second Quarter 2022 Highlights Achieved total revenue of $147.2 million, up 20% year-over-year on a GAAP basis and up 16% in constant currency.Increased average order value (AOV) per customer to $15,000, up approximately 15% year-over-year in constant currency, the first double digit growth in five quarters.Drove average services per customer to 3.8 from 3.4 in the same quarter last year.Achieved a net revenue retention rate of 106% driven by upsell o
LEXINGTON, Mass., Oct. 12, 2021 (GLOBE NEWSWIRE) -- Mimecast Limited (NASDAQ:MIME), a leading email security and cyber resilience company, today announced it will issue a press release reporting financial results for the second quarter of fiscal year 2022 ended September 30, 2021, before the market opens on November 2, 2021. Mimecast will host a conference call to discuss these financial results for investors and analysts at 8:00 am EDT (UTC-05:00) on November 2, 2021. To access the conference call, dial (844) 293-0173 for the U.S. and Canada and +1 (661) 378-9976 for international callers, conference ID# 2897848. The call will also be webcast live on the investor relations section of the
LEXINGTON, Mass., Aug. 03, 2021 (GLOBE NEWSWIRE) -- Mimecast Limited (NASDAQ:MIME), a leading email security and cyber resilience company, today announced financial results for the first fiscal quarter ended June 30, 2021. First Quarter 2022 Highlights Achieved total revenue of $142.5 million, up 24% year-over-year on a GAAP basis and 15% in constant currency.Solid execution of multi-product strategy drove average services per customer to 3.6 from 3.4 in the same quarter last year.Increased average order value per customer to $14,000, up approximately 9% year-over-year in constant currency.Achieved a net revenue retention rate of 105% driven by upsell of 113%, with strength across th
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Dino DiMarino Departing for New Opportunity Search Process Underway to Identify Successor LEXINGTON, Mass., Sept. 07, 2021 (GLOBE NEWSWIRE) -- Mimecast Limited (NASDAQ:MIME), a leading email security and cyber resilience company, today announced it has appointed Joe Mercurio Interim Chief Revenue Officer (CRO), effective October 5, 2021. This appointment follows the resignation of Chief Revenue Officer, Dino DiMarino, who will depart from the Company in early October to pursue another opportunity. Mr. DiMarino will work with Mr. Mercurio, supported by CEO Peter Bauer, CFO Rafe Brown as well as the existing global sales leadership team, to facilitate an orderly transition. Mimecast
LEXINGTON, Mass., June 22, 2021 (GLOBE NEWSWIRE) -- Mimecast Limited (NASDAQ:MIME), a leading email security and cyber resilience company, today announced the appointment of David Raissipour as Chief Technology & Product Officer (CTPO). Raissipour brings 30 years' experience in the enterprise software industry and will support the company's strategy to accelerate innovation to serve customers and partners. Created with growth in mind, this new role brings together the company's product management and engineering organizations into one fully integrated team. "Every day we read about organizations who have been disrupted by cybersecurity incidents impacting lives and livelihoods. The need
LEXINGTON, Mass., Dec. 02, 2020 (GLOBE NEWSWIRE) -- Mimecast Limited (NASDAQ: MIME), a leading email security and cyber resilience company, today announced the appointment of Shahriar Rafimayeri as chief information officer (CIO). In this role, Shahriar will oversee all aspects of the company’s global IT organization, including infrastructure and internal application technology. He will accelerate Mimecast’s digital transformation efforts, with a focus on further elevating the customer and partner experience for companies of all sizes. “Putting our customers first has always been one of Mimecast’s core values,” said Peter Bauer, chief executive officer at Mimecast. “We built our integrate
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Barclays downgraded Mimecast from Overweight to Equal Weight and set a new price target of $80.00
Barclays downgraded Mimecast from Overweight to Equal-Weight
SMBC Nikko downgraded Mimecast from Outperform to Neutral and set a new price target of $82.00
Truist Securities downgraded Mimecast from Buy to Hold
Berenberg downgraded Mimecast from Buy to Hold and set a new price target of $80.00
Needham downgraded Mimecast from Buy to Hold and set a new price target of $80.00 from $88.00 previously
RBC Capital reiterated coverage of Mimecast with a rating of Outperform and set a new price target of $88.00 from $83.00 previously
RBC Capital reiterated coverage of Mimecast with a rating of Outperform and set a new price target of $83.00 from $70.00 previously
Stephens & Co. reiterated coverage of Mimecast with a rating of Overweight and set a new price target of $81.00 from $71.00 previously
Barclays reiterated coverage of Mimecast with a rating of Overweight and set a new price target of $75.00 from $70.00 previously
LEXINGTON, Mass., May 19, 2022 (GLOBE NEWSWIRE) -- Mimecast Limited ("Mimecast") today announced the completion of its acquisition by funds advised by Permira for approximately $5.8 billion or $80.00 per share in cash. "Today marks the beginning of an exciting new era at Mimecast during which we will continue to transform the way email security, data and resilience are managed," said Peter Bauer, chairman and chief executive officer of Mimecast. "With Permira's resources, network and deep experience scaling global technology companies, we will be better positioned than ever to deliver the innovations that our customers and the world need. I want to thank our 2,000 Mimecasters for their re
NEW YORK, May 12, 2022 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600: Dynavax Technologies Corp. (NASD: DVAX) will replace Bottomline Technologies Inc. (NASD: EPAY) in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, May 17. Thoma Bravo LP is acquiring Bottomline Technologies in a deal expected to be completed on May 13.S&P SmallCap 600 constituent Independence Realty Trust Inc. (NYSE:IRT) will replace Mimecast Ltd. (NASD: MIME) in the S&P MidCap 400, and Alpha and Omega Semiconductor Ltd. (NASD: AOSL) will replace Mimecast in the S&P SmallCap 600 effective prior to the opening of trading on Thursday
LEXINGTON, Mass., April 21, 2022 (GLOBE NEWSWIRE) -- Mimecast Limited (NASDAQ:MIME) today announced that the Royal Court of Jersey has set May 18, 2022 at 10:00 am BST / 5:00 am EDT to hear Mimecast's application to sanction the scheme of arrangement under Part 18A of the Companies (Jersey) Law 1991. Mimecast is actively pursuing opportunities to reschedule this hearing date for an earlier date. If, and only if, Mimecast is successful in securing an earlier date to hold this hearing, an additional press release announcing such date will be released at least 14 days prior to such date. Mimecast shareholders are entitled to attend and be heard at the Royal Court of Jersey hearing, either in
SINGAPORE, April 03, 2022 (GLOBE NEWSWIRE) -- Email security and cyber resilience company Mimecast Limited (NASDAQ:MIME), has today announced it is continuing its expansion in APAC by establishing an office in Singapore as a regional hub for focus on South-East Asia. The company has appointed Stanley Hsu as its Regional Vice President, to help improve the cybersecurity posture of organisations and supply chains, in this expansion in the APAC region. For Mimecast, South-East Asia is a focused strategic growth market. Organisations in this region are experiencing rapid digital transformation, and as cybercrime becomes a growing concern for governments and businesses alike, cybersecurity need
LEXINGTON, Mass., March 11, 2022 (GLOBE NEWSWIRE) -- Mimecast Limited (NASDAQ:MIME) announced today at the company's special meeting that its shareholders voted to approve the company's pending acquisition by funds advised by Permira. "I thank our shareholders for their strong support of this transaction and of Mimecast throughout our company's history," said Peter Bauer, chairman and chief executive officer of Mimecast. "With this significant milestone now behind us, we look forward to completing the transaction with Permira and delivering immediate and premium value to our shareholders. As a private company supported by Permira, we will be well positioned to continue to strengthen the c
LEXINGTON, Mass., Feb. 08, 2022 (GLOBE NEWSWIRE) -- Mimecast Limited (NASDAQ:MIME), a leading email security and cyber resilience company, today announced SecOps Virtual 2022, a complimentary virtual conference where security, IT, and compliance leaders will come together to exchange insights, network and learn from leading organizations and industry experts. Mimecast's robust API integrations are designed to allow organizations to gain greater visibility into their threat landscape, allowing security operations teams to accelerate threat detection and response. Attendees of SecOps Virtual will learn the challenges of modern-day SecOps and the best practices for tackling them. In addition
LEXINGTON, Mass., Feb. 03, 2022 (GLOBE NEWSWIRE) -- Mimecast Limited (NASDAQ:MIME), a leading email security and cyber resilience company, today announced financial results for the third fiscal quarter ended December 31, 2021. Third Quarter 2022 Highlights Achieved total revenue of $151.6 million, up 17% year-over-year on a GAAP basis and up 16% in constant currency.Increased average order value (AOV) per customer to $15,200, up approximately 15% year-over-year in constant currency.Drove average services per customer to 3.9 from 3.5 in the third quarter last year.Achieved a net revenue retention rate of 108% driven by upsell of 115%, and downsell and churn of 7%.Generated GAAP operating
Integrated Solution Offers Holistic Approach To Incident Response With XDR Automation SentinelOne (NYSE:S), an autonomous cybersecurity platform company, today announced a new integrated solution with Mimecast to improve end-to-end threat protection, accelerate incident response, and minimize delays for security teams. With SentinelOne and Mimecast, security teams can leverage cooperative defenses and rapidly respond to threats across email and endpoints for a holistic approach to incident response powered by XDR automation. As tactics change, the sophistication of threat actors increases, and new vulnerabilities are constantly discovered, security operations teams are stretched to the li
LEXINGTON, Mass., Feb. 03, 2022 (GLOBE NEWSWIRE) -- SentinelOne (NYSE:S), an autonomous cybersecurity platform company, today announced a new integrated solution with Mimecast (NASDAQ:MIME) designed to improve end-to-end threat protection, accelerate incident response, and minimize delays for security teams. With SentinelOne and Mimecast solutions, security teams can leverage cooperative defenses and rapidly respond to threats across email and endpoints for a holistic approach to incident response powered by XDR automation. As tactics change, the sophistication of threat actors increases, and new vulnerabilities are constantly discovered, security operations teams are stretched to the lim
LEXINGTON, Mass., Feb. 01, 2022 (GLOBE NEWSWIRE) -- Mimecast Limited (NASDAQ:MIME), a leading email security and cyber resilience company, today announced Mimecast® has been positioned by Gartner® as a Leader in the 2022 Gartner Magic Quadrant™ for Enterprise Information Archiving for the seventh year. The evaluation was based on specific criteria that analyzed the company's overall completeness of vision and ability to execute. "Organizations need instant access to their data at all times, as it informs business decisions and keeps them operational," said David Raissipour, chief technology & product officer at Mimecast. "A strong Enterprise Information Archiving solution provides this ac
HC Wainwright & Co. analyst Ed Arce maintains Mimecast (NASDAQ:MIME) with a Buy and raises the price target from $64 to $69.
https://www.spglobal.com/spdji/en/documents/indexnews/announcements/20220512-1452376/1452376_mime4epay6.pdf
M imecast Limited (NASDAQ:MIME) announced today at the company’s special meeting that its shareholders voted to approve the company’s pending acquisition by funds advised by Permira. “I thank our shareholders for their strong support of this transaction and of Mimecast throughout our company’s history,” said Peter Bauer, chairman and chief executive officer of Mimecast. “With this significant milestone now behind us, we look forward to completing the transaction with Permira and delivering immediate and premium value to our shareholders. As a private company supported by Permira, we will be well positioned to continue to strengthen the cybersecurity and resilience of organizations around t
Pulled from Benzinga Pro data, Mimecast (NASDAQ:MIME) showed a loss in earnings since Q2, totaling $13.82 million. Sales, on the other hand, increased by 2.97% to $151.60 million during Q3. In Q2, Mimecast earned $17.58 million and total sales reached $147.23 million. What Is Return On Capital Employed? Earnings data without context is not clear and can be difficult to base trading decisions on. Return on Capital Employed (ROCE) helps to filter signal from noise by measuring yearly pre-tax profit relative to capital employed by a business. Generally, a higher ROCE suggests successful growth of a company and is a sign of higher earnings per share in the future. In Q3, Mimecast posted an ROCE
Mimecast (NASDAQ:MIME) reported its Q3 earnings results on Thursday, February 3, 2022 at 04:00 PM. Here's what investors need to know about the announcement. Earnings Mimecast beat estimated earnings by 8.57%, reporting an EPS of $0.38 versus an estimate of $0.35, which did not surprise analysts. Revenue was up $21.96 million from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.07, which was followed by a 5.01% increase in the share price the next day. Here's a look at Mimecast's past performance: Quarter Q2 2022 Q1 2022 Q4 2021 Q3 2021 EPS Estimate 0.33 0.29 0.23 0.24 EPS Actual
Mimecast (NASDAQ:MIME) reported quarterly earnings of $0.38 per share which beat the analyst consensus estimate of $0.35 by 8.57 percent. This is a 15.15 percent increase over earnings of $0.33 per share from the same period last year. The company reported quarterly sales of $151.60 million which beat the analyst consensus estimate of $150.18 million by 0.95 percent. This is a 16.94 percent increase over sales of $129.64 million the same period last year.
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Mimecast (NASDAQ:MIME) has observed the following analyst ratings within the last quarter: Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 3 2 0 0 Last 30D 0 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 2 0 0 3M Ago 0 3 0 0 0 These 5 analysts have an average price target of $82.4 versus the current price of Mimecast at $79.77, implying upside. Below is a summary of how these 5 analysts rated Mimecast over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the move negative analysts are on the stock This average price target has increased by 5.64%
Analysts have provided the following ratings for Mimecast (NASDAQ:MIME) within the last quarter: Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 3 2 0 0 Last 30D 0 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 2 0 0 3M Ago 0 3 0 0 0 In the last 3 months, 5 analysts have offered 12-month price targets for Mimecast. The company has an average price target of $82.4 with a high of $88.00 and a low of $80.00. Below is a summary of how these 5 analysts rated Mimecast over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the move negative analysts are on
Upgrades For Rocket Companies Inc (NYSE:RKT), JP Morgan upgraded the previous rating of Underweight to Overweight. Rocket Companies earned $0.57 in the third quarter, compared to $1.21 in the year-ago quarter. The current stock performance of Rocket Companies shows a 52-week-high of $43.00 and a 52-week-low of $12.95. Moreover, at the end of the last trading period, the closing price was at $12.98. For Take-Two Interactive Software Inc (NASDAQ:TTWO), Exane BNP Paribas upgraded the previous rating of Neutral to Outperform. In the second quarter, Take-Two Interactive showed an EPS of $1.63, compared to $1.99 from the year-ago quarter. At the moment, the stock has a 52-week-high of $214.91 a