Mimecast Ltd. (NASDAQ:MIME) hit 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 brokerages recently weighed in on MIME. Zacks Investment Research raised Mimecast from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research note on Friday, August 12th. Barclays PLC increased their target price on 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 target price on Mimecast from $12.00 to $16.00 and gave the stock a “buy” rating in a research note on Tuesday, August 9th. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $15.00 target price on shares of Mimecast in a research note on Wednesday, August 3rd. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of Mimecast in a research note on Thursday, June 23rd. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Mimecast presently has an average rating of “Buy” and an average target price of $15.21.

The stock’s 50-day moving average price is $12.29 and its 200 day moving average price is $10.04. The firm’s market cap is $871.62 million.

Mimecast (NASDAQ:MIME) last issued its quarterly earnings results on Monday, August 8th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 prior year, the business posted ($0.04) earnings per share. Mimecast’s revenue was up 24.4% on a year-over-year basis. On average, analysts predict that Mimecast Ltd. will post $0.02 EPS for the current 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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