Mimecast Ltd. (MIME) Hits New 52-Week High at $16.49
Mimecast Ltd. (NASDAQ:MIME) reached 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 changing hands. The stock had previously closed at $16.24.
A number of brokerages recently issued reports on MIME. Zacks Investment Research upgraded Mimecast from a “sell” rating to a “hold” rating in a report 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 report on Tuesday, August 9th. Oppenheimer Holdings Inc. restated an “outperform” rating and set a $15.00 price target on shares of Mimecast in a report 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 report on Tuesday, August 9th. Finally, Royal Bank Of Canada restated a “buy” rating on shares of Mimecast in a report on Thursday, June 23rd. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $15.21.
The stock’s market cap is $895.59 million. The firm has a 50-day moving average price of $12.97 and a 200-day moving average price of $10.24.
Mimecast (NASDAQ:MIME) last issued its quarterly earnings data on Monday, August 8th. The company reported $0.04 earnings per share for the quarter, beating the Zacks’ consensus estimate 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. During the same quarter in the previous year, the business earned ($0.04) EPS. The company’s revenue for the quarter was up 24.4% on a year-over-year basis. Analysts expect 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.
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