Other equities analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Mimecast from a hold rating to a buy rating and set a $16.00 price objective on the stock in a report on Friday, August 12th. Dougherty & Co raised their price objective on shares of Mimecast from $12.00 to $16.00 and gave the stock a buy rating in a report on Tuesday, August 9th. Royal Bank Of Canada reaffirmed a buy rating on shares of Mimecast in a report on Thursday, June 23rd. Oppenheimer Holdings Inc. reaffirmed an outperform rating and set a $15.00 price target on shares of Mimecast in a report on Wednesday, August 3rd. Finally, Barclays PLC lifted their price target on shares of Mimecast from $16.00 to $22.00 and gave the company an overweight rating in a report on Monday, October 3rd. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Mimecast currently has an average rating of Buy and an average target price of $16.79.
Mimecast (NASDAQ:MIME) traded up 0.48% on Friday, reaching $18.99. 30,907 shares of the company traded hands. Mimecast has a 52-week low of $6.01 and a 52-week high of $20.10. The stock has a 50-day moving average of $17.30 and a 200 day moving average of $11.91. The company’s market capitalization is $1.03 billion.
Mimecast (NASDAQ:MIME) last posted its quarterly earnings data on Monday, August 8th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.08. The business earned $41.46 million during the quarter, compared to analysts’ expectations of $39.85 million. The business’s quarterly revenue was up 24.4% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.04) EPS. On average, equities analysts forecast that Mimecast will post $0.02 EPS for the current year.
Large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its stake in Mimecast by 14.5% in the first quarter. JPMorgan Chase & Co. now owns 261,724 shares of the company’s stock valued at $2,546,000 after buying an additional 33,155 shares during the last quarter. Geode Capital Management LLC boosted 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 valued at $205,000 after buying an additional 959 shares during the last quarter. Bogle Investment Management L P DE bought a new stake in Mimecast during the first quarter valued at about $573,000. Barclays PLC boosted its stake in Mimecast by 70.2% in the first quarter. Barclays PLC now owns 29,100 shares of the company’s stock valued at $262,000 after buying an additional 12,000 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its stake in Mimecast by 228.0% in the second quarter. Acadian Asset Management LLC now owns 117,820 shares of the company’s stock valued at $1,178,000 after buying an additional 81,902 shares during the last quarter. Hedge funds and other institutional investors own 30.67% 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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