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

Several equities analysts have recently commented on the stock. Zacks Investment Research raised shares of Mimecast from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Friday. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $15.00 price objective on shares of Mimecast in a research note on Wednesday, August 3rd. Barclays PLC increased their price objective on shares of Mimecast from $13.00 to $16.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 9th. Dougherty & Co increased their price objective on shares of Mimecast from $12.00 to $16.00 and gave the stock a “buy” rating in a research note on Tuesday, August 9th. Finally, Royal Bank Of Canada reiterated a “buy” rating on shares of Mimecast in a research note on Thursday, June 23rd. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Mimecast currently has a consensus rating of “Buy” and a consensus target price of $15.21.

The company’s 50 day moving average is $11.05 and its 200 day moving average is $9.62. The stock’s market cap is $795.89 million.

Mimecast (NASDAQ:MIME) last announced its earnings results on Monday, August 8th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.08. The firm earned $41.46 million during the quarter, compared to the consensus estimate of $39.85 million. The business’s revenue was up 24.4% compared to the same quarter last year. During the same quarter last year, the business earned ($0.04) EPS. Equities research analysts forecast 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.