Mimecast (MIME) Receiving Somewhat Favorable Media Coverage, Report Finds

News headlines about Mimecast (NASDAQ:MIME) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Mimecast earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave press coverage about the technology company an impact score of 44.9386298632562 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the news stories that may have impacted Accern’s analysis:

Several brokerages recently weighed in on MIME. BidaskClub raised shares of Mimecast from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 10th. Barclays reaffirmed a “buy” rating and issued a $40.00 target price on shares of Mimecast in a report on Friday, April 13th. BMO Capital Markets raised their target price on shares of Mimecast from $35.00 to $38.00 and gave the company an “outperform” rating in a report on Tuesday, February 13th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $38.00 target price on shares of Mimecast in a report on Tuesday, February 13th. Finally, Needham & Company LLC raised their target price on shares of Mimecast from $38.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $37.00.

Shares of NASDAQ:MIME opened at $38.00 on Tuesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.39 and a current ratio of 1.39. Mimecast has a fifty-two week low of $22.87 and a fifty-two week high of $39.51. The company has a market capitalization of $2,232.69, a P/E ratio of -380.00 and a beta of 0.24.

Mimecast (NASDAQ:MIME) last released its quarterly earnings data on Monday, February 12th. The technology company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. Mimecast had a negative net margin of 3.51% and a negative return on equity of 9.88%. The company had revenue of $67.30 million for the quarter, compared to analysts’ expectations of $64.92 million. The company’s revenue was up 39.3% on a year-over-year basis. analysts predict that Mimecast will post -0.17 earnings per share for the current fiscal year.

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Mimecast Company Profile

Mimecast Limited, a email and data security company, provides cloud security and risk management services for corporate information and email. The company offers Mimecast Email Security services, including targeted threat protection services, such as URL Protect that addresses the threat from emails containing malicious links; Attachment Protect that reduces threat from weaponized or malware-laden attachments used in spear-phishing and other attacks; Impersonation Protect that gives protection from malware-less social engineering attacks; and Internal Email Protect, which allows customers to monitor, detect, and remediate security threats that originate from within their internal email systems.

Insider Buying and Selling by Quarter for Mimecast (NASDAQ:MIME)

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