Mimecast Ltd. (NASDAQ:MIME) traded down 3.8% during trading on Friday . The company traded as low as $14.20 and last traded at $14.59, with a volume of 70,778 shares changing hands. The stock had previously closed at $15.17.

MIME has been the topic of several analyst reports. Barclays PLC lifted their target price on Mimecast from $13.00 to $16.00 and gave the company an “overweight” rating in a research report on Tuesday. Dougherty & Co lifted their target price on Mimecast from $12.00 to $16.00 and gave the company a “buy” rating in a research report on Tuesday. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $15.00 target price on shares of Mimecast in a research report on Wednesday, August 3rd. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Mimecast in a research report on Thursday, June 23rd. Finally, Zacks Investment Research raised Mimecast from a “sell” rating to a “hold” rating in a research report on Wednesday, June 22nd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $15.08.

The company has a 50 day moving average price of $10.95 and a 200 day moving average price of $9.57. The firm’s market cap is $795.89 million.

Mimecast (NASDAQ:MIME) last released its quarterly earnings results on Monday, August 8th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.08. The business had revenue of $41.46 million for the quarter, compared to the consensus estimate of $39.85 million. During the same period in the previous year, the company earned ($0.04) EPS. The company’s revenue for the quarter was up 24.4% on a year-over-year basis. Equities research analysts anticipate that Mimecast Ltd. will post $0.02 EPS for the current fiscal year.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.