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Mimecast (NASDAQ:MIME) - Mimecast Stock Is Trading Higher On Q4 Earnings Beat, Robust Q1 Guidance

Mimecast (NASDAQ:MIME) - Mimecast Stock Is Trading Higher On Q4 Earnings Beat, Robust Q1 Guidance
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

Mimecast: Fiscal Q4 Earnings Snapshot

Mimecast: Fiscal Q4 Earnings Snapshot by The Associated Press Last Updated May 11, 2021 at 7:28 am EDT LONDON (AP) Mimecast Ltd. (MIME) on Tuesday reported fiscal fourth-quarter profit of $5.8 million. The London-based company said it had net income of 9 cents per share. Earnings, adjusted for one-time gains and costs, came to 28 cents per share. The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 23 cents per share. The cloud security services provider posted revenue of $133.9 million in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $131.1 million.

Mimecast: Q4 Earnings Insights

Company Profile 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.  

Five things you need to know, and this: How does your garden grow?

Five things you need to know, and this: How does your garden grow?
bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.

Bearish Bets: 2 Nasdaq Stocks You Should Consider Shorting This Week

Bearish Bets: 2 Nasdaq Stocks You Should Consider Shorting This Week These recently downgraded names are displaying both quantitative and technical deterioration. Stocks quotes in this article: MCHP, MIME Each week Trifecta Stocks identifies names that look bearish and may present interesting investing opportunities on the short side. Using technical analysis of the charts of those stocks, and, when appropriate, recent actions and grades from TheStreet s Quant Ratings, we zero in on five names. While we will not be weighing in with fundamental analysis, we hope this piece will give investors interested in stocks on the way down a good starting point to do further homework on the names.

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