Several other equities analysts have also commented on the company. Oppenheimer Holdings Inc. reaffirmed an outperform rating and set a $20.00 target price (up from $15.00) on shares of Mimecast in a report on Thursday, September 1st. Zacks Investment Research raised Mimecast from a hold rating to a buy rating and set a $16.00 target price for the company in a report on Friday, August 12th. Dougherty & Co upped their target price 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 reaffirmed 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 issued a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $16.79.
Mimecast (NASDAQ:MIME) opened at 19.22 on Monday. The stock’s market cap is $1.05 billion. The firm’s 50-day moving average price is $16.67 and its 200 day moving average price is $11.55. Mimecast has a 52-week low of $6.01 and a 52-week high of $20.10.
Mimecast (NASDAQ:MIME) last posted its earnings results on Monday, August 8th. The company reported $0.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.08. The company had revenue of $41.46 million for the quarter, compared to the consensus estimate of $39.85 million. The firm’s revenue for the quarter was up 24.4% compared to the same quarter last year. During the same period last year, the company posted ($0.04) earnings per share. Equities analysts predict that Mimecast will post $0.02 earnings per share for the current year.
A number of large investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC purchased a new stake in Mimecast during the first quarter worth $349,000. JPMorgan Chase & Co. increased its stake in Mimecast by 14.5% in the first quarter. JPMorgan Chase & Co. now owns 261,724 shares of the company’s stock worth $2,546,000 after buying an additional 33,155 shares during the period. Geode Capital Management LLC increased its stake in Mimecast by 4.7% in the first quarter. Geode Capital Management LLC now owns 21,159 shares of the company’s stock worth $205,000 after buying an additional 959 shares during the period. Bogle Investment Management L P DE purchased a new stake in Mimecast during the first quarter worth $573,000. Finally, Barclays PLC increased its stake in Mimecast by 70.2% in the first quarter. Barclays PLC now owns 29,100 shares of the company’s stock worth $262,000 after buying an additional 12,000 shares during the period. Hedge funds and other institutional investors own 30.66% of the company’s stock.
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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