Mimecast Ltd. (MIME) Reaches New 12-Month High at $16.49
Mimecast Ltd. (NASDAQ:MIME)’s share price hit a new 52-week high on Tuesday . The company traded as high as $16.49 and last traded at $16.44, with a volume of 64,702 shares traded. The stock had previously closed at $16.24.
Several equities research analysts recently commented on MIME shares. Barclays PLC boosted their price objective on shares of Mimecast from $13.00 to $16.00 and gave the company an “overweight” rating in a research report on Tuesday, August 9th. Zacks Investment Research upgraded shares of 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. Royal Bank Of Canada restated a “buy” rating on shares of Mimecast in a research note on Thursday, June 23rd. Oppenheimer Holdings Inc. restated an “outperform” rating and set a $15.00 price objective on shares of Mimecast in a research note on Wednesday, August 3rd. Finally, Dougherty & Co boosted 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. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $15.21.
The company’s market capitalization is $895.04 million. The company has a 50 day moving average of $12.62 and a 200 day moving average of $10.15.
Mimecast (NASDAQ:MIME) last released its quarterly earnings data on Monday, August 8th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.08. During the same period last year, the business posted ($0.04) earnings per share. The business earned $41.46 million during the quarter, compared to the consensus estimate of $39.85 million. The firm’s quarterly revenue was up 24.4% on a year-over-year basis. On average, analysts forecast 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.