Mimecast Ltd. (NASDAQ:MIME) shares dropped 2.7% during trading on Monday . The company traded as low as $14.56 and last traded at $14.56, with a volume of 98,473 shares changing hands. The stock had previously closed at $14.97.

A number of analysts recently weighed in on the company. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $15.00 price objective on shares of Mimecast in a report on Tuesday, May 17th. Jefferies Group restated a “buy” rating and issued a $18.00 price objective on shares of Mimecast in a report on Tuesday, May 17th. Zacks Investment Research downgraded Mimecast from a “hold” rating to a “sell” rating in a report on Tuesday, May 24th. Dougherty & Co assumed coverage on Mimecast in a report on Friday, June 3rd. They issued a “buy” rating and a $12.00 price objective for the company. Finally, Royal Bank Of Canada restated a “buy” rating on shares of Mimecast in a report on Thursday, June 23rd. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $15.21.

The firm’s market capitalization is $796.98 million. The firm has a 50 day moving average price of $11.73 and a 200 day moving average price of $9.89.

Mimecast (NASDAQ:MIME) last released its quarterly earnings results on Monday, August 8th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.08. The firm had revenue of $41.46 million for the quarter, compared to analysts’ expectations of $39.85 million. The firm’s revenue for the quarter was up 24.4% on a year-over-year basis. During the same quarter last year, the firm earned ($0.04) earnings per share. Analysts predict that Mimecast Ltd. will post $0.02 earnings per share 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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