Mimecast Ltd. (NASDAQ:MIME)’s share price traded up 4.5% during mid-day trading on Thursday . The stock traded as high as $15.00 and last traded at $14.97, with a volume of 290,723 shares changing hands. The stock had previously closed at $14.33.

Several equities analysts have issued reports on the company. Zacks Investment Research raised Mimecast from a “sell” rating to a “hold” rating in a research note on Saturday, June 4th. Barclays PLC boosted their price target on Mimecast from $13.00 to $16.00 and gave the company an “overweight” rating in a research note on Tuesday. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $15.00 price target on shares of Mimecast in a research note on Wednesday, August 3rd. Dougherty & Co boosted their price target on Mimecast from $12.00 to $16.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of Mimecast in a research note on Thursday, June 23rd. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $15.08.

The stock’s market cap is $826.40 million. The firm has a 50-day moving average price of $10.81 and a 200 day moving average price of $9.53.

Mimecast (NASDAQ:MIME) last announced its quarterly earnings data on Monday, August 8th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.08. The firm had revenue of $41.46 million for the quarter, compared to the consensus estimate of $39.85 million. Mimecast’s revenue for the quarter was up 24.4% compared to the same quarter last year. During the same quarter last year, the company posted ($0.04) earnings per share. On average, equities research analysts predict that Mimecast Ltd. will post $0.02 EPS 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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