Mimecast Ltd. (NASDAQ:MIME) hit a new 52-week high during trading on Monday . The stock traded as high as $17.32 and last traded at $17.22, with a volume of 793,900 shares traded. The stock had previously closed at $16.64.

Several equities research analysts have commented on MIME shares. Zacks Investment Research lowered Mimecast from a “hold” rating to a “sell” rating in a research note on Tuesday, May 24th. Jefferies Group restated a “buy” rating and set a $18.00 price target on shares of Mimecast in a research note on Tuesday, May 17th. Royal Bank Of Canada restated a “buy” rating on shares of Mimecast in a research note on Thursday, June 23rd. Dougherty & Co started coverage on Mimecast in a research note on Friday, June 3rd. They set a “buy” rating and a $12.00 price target for the company. Finally, Oppenheimer Holdings Inc. restated an “outperform” rating and set a $20.00 price target (up from $15.00) on shares of Mimecast in a research note on Thursday. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $15.93.

The company’s market capitalization is $938.08 million. The stock’s 50 day moving average price is $13.24 and its 200-day moving average price is $10.29.

Mimecast (NASDAQ:MIME) last issued its 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 company earned $41.46 million during the quarter, compared to analyst estimates of $39.85 million. The business’s revenue was up 24.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.04) earnings per share. Equities research analysts expect 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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