Mimecast Ltd. (MIME) Stock Price Up 4.6%
Mimecast Ltd. (NASDAQ:MIME) rose 4.6% during trading on Thursday . The company traded as high as $11.53 and last traded at $11.19, with a volume of 100,321 shares. The stock had previously closed at $10.70.
MIME has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of Mimecast from a “hold” rating to a “sell” rating in a report on Tuesday, May 24th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $15.00 price target on shares of Mimecast in a report on Monday, April 18th. Jefferies Group reiterated a “buy” rating and set a $18.00 price target on shares of Mimecast in a report on Tuesday, May 17th. Goldman Sachs Group Inc. downgraded shares of Mimecast from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $12.00 to $10.50 in a report on Friday, April 15th. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of Mimecast in a research report on Thursday, June 23rd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $13.92.
The stock has a 50 day moving average of $10.32 and a 200-day moving average of $9.23. The company’s market cap is $597.19 million.
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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