Mimecast Ltd. (MIME) Trading 6% Higher
Mimecast Ltd. (NASDAQ:MIME) shares traded up 6% during trading on Friday . The stock traded as high as $10.72 and last traded at $10.59, with a volume of 86,922 shares changing hands. The stock had previously closed at $9.99.
Several research analysts recently commented on the stock. Royal Bank Of Canada restated a “buy” rating on shares of Mimecast in a report on Thursday, June 23rd. Zacks Investment Research upgraded shares of Mimecast from a “sell” rating to a “hold” rating in a research note on Wednesday, June 22nd. Dougherty & Co initiated coverage on shares of Mimecast in a research note on Friday, June 3rd. They set a “buy” rating and a $12.00 price objective on the stock. Goldman Sachs Group Inc. lowered shares of Mimecast from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $12.00 to $10.50 in a research note on Friday, April 15th. Finally, Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $15.00 price objective on shares of Mimecast in a research note on Monday, April 18th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $13.92.
The stock has a 50 day moving average price of $10.13 and a 200 day moving average price of $9.18. The company’s market capitalization is $584.72 million.
Mimecast Limited is a United Kingdom-based business e-mail and data safety solutions provider. The Company offers solutions for e-mail security; archiving, risk and compliance; business continuity; migration, and employee productivity and mobility. Its products consist of Mimecast Secure Email Gateway, which is offered for spam and virus protection, content control and data leak prevention, targeted threat protection, file send, secure messaging, and advanced e-mail signature and disclaimer management; Mimecast Mailbox Continuity, which is offered for continuity services, and Mimecast Enterprise Information Archiving, which is offered for file archiving, legacy archive data management and Lync Instant messaging Archiving.
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