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Mimecast Limited (MIME) 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.
Please note, this stock reports earnings on Wednesday, February 2nd.
Mimecast Ltd reported 2nd Quarter September 2021 earnings of $0.37 per share on revenue of $147.2 million. The consensus earnings estimate was $0.33 per share on revenue of $142.8 million. Revenue grew 20.0% on a year-over-year basis.
The company said it expects third quarter revenue of $149.2 million to $150.7 million and now expects fiscal 2022 revenue of $589.9 million to $593.6 million. The company's previous guidance was fiscal 2022 revenue of $576.70 million to $583.40 million. The current consensus revenue estimate is $146.14 million for the quarter ending December 31, 2021 and revenue of $581.79 million for the year ending March 31, 2022.
Mimecast jumped 6% on December 7th after the cybersecurity company announced it was being acquired by private-equity firm Permira for $80 a share in cash or $5.8 billion.
In a regulatory filing earlier, Mimecast disclosed that it received, and rejected, a $92.50 per share proposal from a group identified in its proxy materials as “Portfolio Company A”, who is ProofPoint, a data security and cyber security platform.
Entry Point: $80.00
Trading Range: $38.84 - $85.48
Stop Loss: $76.00
Target Price: $85.00
