Mimecast (NASDAQ: MIME) will join the Russell 3000® Index after the annual reconstitution on June 29, 2020. This inclusion is based on market capitalization and enhances the company's visibility in the investment community. The Russell indexes, used by managers and institutional investors, benchmark approximately $9 trillion in assets. Peter Bauer, CEO, expressed optimism about this milestone, which aligns with Mimecast's focus on cyber resilience and data security.
Mimecast (NASDAQ: MIME) released its State of Email Security 2020 report, involving insights from 1,025 global IT decision-makers. The report highlights a confidence gap in cyber resilience strategies, with 77% of respondents indicating they have such strategies, yet 60% anticipate email-borne attacks. Key problems include data loss, reduced productivity, and downtime. A concerning 49% expect an increase in email and web spoofing. The report underscores the persistent threats of phishing and ransomware, stressing a need for enhanced employee training in cybersecurity.
Mimecast announced that its CEO, Peter Bauer, and CFO, Rafe Brown, will present at the Piper Sandler virtual event on June 5, 2020, at 10:00 AM EDT. The presentation will discuss email threat prevention and offer insights into Mimecast's cybersecurity strategies. Interested investors can access a live webcast of the presentation on the Mimecast investor relations website. A recording will be available for 90 days after the event. Mimecast is committed to enhancing email safety and cyber resilience for organizations globally.
Summary not available.
Mimecast Limited (NASDAQ: MIME) announced its fourth quarter and full year results for 2020, reporting a total revenue of $114.2 million, representing a 24% year-over-year increase. The company added 1,200 net new customers in the quarter, reaching a total of 38,100 customers. The revenue retention rate remained strong at 107%. GAAP net income was $2.5 million or $0.04 per diluted share. For fiscal year 2021, Mimecast expects revenue between $475 million and $485 million with a constant currency growth of 15% to 17%.
Summary not available.