Barclays reiterated their buy rating on shares of Mimecast (NASDAQ:MIME) in a research report released on Friday morning. They currently have a $40.00 price objective on the technology company’s stock.
MIME has been the topic of several other reports. BidaskClub upgraded shares of Mimecast from a hold rating to a buy rating in a research report on Thursday, February 15th. BMO Capital Markets initiated coverage on shares of Mimecast in a research report on Friday, January 5th. They issued an outperform rating and a $35.00 price target on the stock. Oppenheimer reiterated a buy rating and issued a $35.00 price target on shares of Mimecast in a research report on Monday, December 18th. Royal Bank of Canada reiterated a buy rating and issued a $38.00 price target on shares of Mimecast in a research report on Tuesday, February 13th. Finally, Needham & Company LLC boosted their price target on shares of Mimecast from $38.00 to $40.00 and gave the stock a buy rating in a research 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 given a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $37.00.
Shares of NASDAQ MIME opened at $37.35 on Friday. Mimecast has a fifty-two week low of $22.20 and a fifty-two week high of $39.33. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.41. The stock has a market cap of $2,199.73, a P/E ratio of -373.50 and a beta of 0.24.
Mimecast (NASDAQ:MIME) last issued its quarterly earnings data on Monday, February 12th. The technology company reported $0.03 earnings per share for the quarter, beating 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 business had revenue of $67.30 million for the quarter, compared to analysts’ expectations of $64.92 million. The firm’s quarterly 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.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Allianz Asset Management GmbH acquired a new stake in Mimecast during the 4th quarter worth about $420,000. Cubist Systematic Strategies LLC raised its holdings in Mimecast by 94.7% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 21,050 shares of the technology company’s stock worth $598,000 after buying an additional 10,238 shares during the period. Invictus RG raised its holdings in Mimecast by 377.1% during the 4th quarter. Invictus RG now owns 23,961 shares of the technology company’s stock worth $687,000 after buying an additional 18,939 shares during the period. California Public Employees Retirement System raised its holdings in Mimecast by 22.5% during the 3rd quarter. California Public Employees Retirement System now owns 34,413 shares of the technology company’s stock worth $978,000 after buying an additional 6,313 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Mimecast by 28.4% during the 4th quarter. Geode Capital Management LLC now owns 44,509 shares of the technology company’s stock worth $1,276,000 after buying an additional 9,850 shares during the period. Hedge funds and other institutional investors own 64.57% of the company’s stock.
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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.
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