Mimecast Limited (MIME) Sets 52-Week High; Strong Momentum for Holders

February 13, 2018 - By Marguerite Chambers

The stock of Mimecast Limited (NASDAQ:MIME) hit a new 52-week high and has $37.93 target or 9.00 % above today’s $34.80 share price. The 8 months bullish chart indicates low risk for the $1.99 billion company. The 1-year high was reported on Feb, 13 by Barchart.com. If the $37.93 price target is reached, the company will be worth $179.46M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 4.74% or $1.575 during the last trading session, reaching $34.795. About 321,881 shares traded or 17.11% up from the average. Mimecast Limited (NASDAQ:MIME) has risen 240.79% since February 13, 2017 and is uptrending. It has outperformed by 224.09% the S&P500.

Mimecast Limited (NASDAQ:MIME) Ratings Coverage

Among 9 analysts covering Mimecast (NASDAQ:MIME), 9 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Mimecast has $28 highest and $12 lowest target. $19.08’s average target is -45.16% below currents $34.795 stock price. Mimecast had 11 analyst reports since December 14, 2015 according to SRatingsIntel. JP Morgan initiated it with “Overweight” rating and $25.50 target in Friday, October 14 report. The stock has “Buy” rating by Goldman Sachs on Monday, December 14. The rating was initiated by Dougherty & Company on Friday, June 3 with “Buy”. The stock of Mimecast Limited (NASDAQ:MIME) has “Outperform” rating given on Monday, December 14 by RBC Capital Markets. The firm earned “Buy” rating on Wednesday, January 25 by Brean Capital. The stock of Mimecast Limited (NASDAQ:MIME) has “Buy” rating given on Friday, February 10 by Dougherty & Company. As per Monday, December 14, the company rating was initiated by Barclays Capital. As per Monday, December 14, the company rating was initiated by Jefferies. As per Tuesday, January 17, the company rating was initiated by Northland Capital. Oppenheimer initiated the stock with “Outperform” rating in Monday, December 14 report.

More important recent Mimecast Limited (NASDAQ:MIME) news were published by: Seekingalpha.com which released: “IPO Preview: Mimecast Ltd.” on November 19, 2015, also Seekingalpha.com published article titled: “Mimecast’s (MIME) CEO Peter Bauer on Q4 2017 Results – Earnings Call Transcript”, Marketwatch.com published: “Mimecast Ltd.” on June 27, 2016. More interesting news about Mimecast Limited (NASDAQ:MIME) was released by: Benzinga.com and their article: “Mimecast: Why Deutsche Bank Rates This Cybersecurity Play A Buy” with publication date: December 19, 2017.

Mimecast Limited, a email and data security company, provides cloud security and risk management services for corporate information and email. The company has market cap of $1.99 billion. The firm 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 clients to monitor, detect, and remediate security threats that originate from within their internal email systems. It currently has negative earnings. The Company’s Mimecast Email Security services also comprise Secure Messaging for sharing sensitive information with external contacts through email; and Data Leak Prevention, which prevents the inadvertent or malicious loss of sensitive corporate data with advanced data leak prevention and content controls.

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