Mimecast Ltd. (MIME) Stock Price Up 6%
Mimecast Ltd. (NASDAQ:MIME) shares rose 6% on Friday . The stock traded as high as $10.72 and last traded at $10.59, with a volume of 86,922 shares. The stock had previously closed at $9.99.
MIME has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of Mimecast from a “hold” rating to a “sell” rating in a research note on Saturday, April 9th. Goldman Sachs Group Inc. lowered shares of Mimecast from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $12.00 to $10.50 in a research note on Friday, April 15th. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $15.00 price objective on shares of Mimecast in a research note on Monday, April 18th. Jefferies Group reissued a “buy” rating and set a $18.00 price objective on shares of Mimecast in a research note on Tuesday, May 17th. Finally, 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. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $13.92.
The company’s market cap is $580.38 million. The firm’s 50-day moving average price is $10.19 and its 200 day moving average price is $9.19.
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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