Mimecast Ltd. (MIME) Reaches New 1-Year High at $16.20
Shares of Mimecast Ltd. (NASDAQ:MIME) reached a new 52-week high on Wednesday . The stock traded as high as $16.20 and last traded at $15.91, with a volume of 515,054 shares. The stock had previously closed at $15.07.
Several analysts recently weighed in on MIME shares. Barclays PLC lifted their price target on Mimecast from $13.00 to $16.00 and gave the stock an “overweight” rating in a report on Tuesday, August 9th. Zacks Investment Research raised Mimecast from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a report on Friday, August 12th. Royal Bank Of Canada reissued a “buy” rating on shares of Mimecast in a report on Thursday, June 23rd. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $15.00 price target on shares of Mimecast in a report on Wednesday, August 3rd. Finally, Dougherty & Co lifted their price target on Mimecast from $12.00 to $16.00 and gave the stock a “buy” rating in a report on Tuesday, August 9th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $15.21.
The company’s market capitalization is $867.26 million. The firm’s 50-day moving average is $11.95 and its 200 day moving average is $9.96.
Mimecast (NASDAQ:MIME) last issued its quarterly earnings data on Monday, August 8th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.08. During the same period last year, the company earned ($0.04) earnings per share. The company earned $41.46 million during the quarter, compared to analysts’ expectations of $39.85 million. The business’s revenue for the quarter was up 24.4% compared to the same quarter last year. Equities analysts anticipate that Mimecast Ltd. will post $0.02 earnings per share 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.
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