Stock Alert: Mimecast Shares Up 3%

Shares of Mimecast Ltd. (MIME) are currently trading at $44.83, up $1.58 or 3.67%, with trading volume of 230K more versus an average volume of 710K shares. The stock has been trading in the range of $36.52 - $59.48 for the past one year.

The company reported Q4 net income of $5.8 million or $0.09 per share compared to $2.5 million or $0.04 per share last year. On a non-GAAP basis, net income was $18.5 million or $0.28 per share versus $9.7 million or $0.15 per share in the prior year period.

Revenue for the quarter amounted to $133.9 million, 17% higher than the previous year's $114.2 million. Revenue retention rate was 104% in the fourth quarter of 2021.

Analysts polled by Thomson Reuters expected earnings of $0.23 per share on revenue of $131.17 million for the quarter. Analysts' estimate typically exclude certain special items.

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