Mitek Exceeds Revenue Expectations with Q1 Success
ByAinvest
Friday, Feb 6, 2026 11:05 am ET1min read
MITK--
Mitek Systems (MITK) exceeded Q1 revenue expectations with $44.2 million, up 30% YoY, driven by a 21% rise in SaaS operations. The company raised its outlook, focusing on long-term shareholder value and business expansion. With a market capitalization of $444.84 million, Mitek operates in the technology sector, specifically in the software industry. The stock has a P/E ratio of 51.68 and a P/S ratio of 2.52, indicating potential overvaluation. Analysts recommend a moderate buy with a target price of $13.75.
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