Mimecast Ltd. (MIME) Stock Price Up 4.6%
Mimecast Ltd. (NASDAQ:MIME) rose 4.6% during mid-day trading on Thursday . The company traded as high as $11.53 and last traded at $11.19, with a volume of 100,321 shares changing hands. The stock had previously closed at $10.70.
MIME has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of Mimecast from a “hold” rating to a “sell” rating in a report on Saturday, April 9th. Goldman Sachs Group Inc. lowered shares of Mimecast from a “buy” rating to a “neutral” rating and cut their target price for the company from $12.00 to $10.50 in a report on Friday, April 15th. Dougherty & Co began coverage on shares of Mimecast in a report on Friday, June 3rd. They issued a “buy” rating and a $12.00 target price for the company. Royal Bank Of Canada reissued a “buy” rating on shares of Mimecast in a report on Thursday, June 23rd. Finally, Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $15.00 target price on shares of Mimecast in a report on Monday, April 18th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $13.92.
The company has a 50-day moving average of $10.41 and a 200-day moving average of $9.26. The stock’s market capitalization is $598.28 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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