The stock of Mimecast Ltd (NASDAQ:MIME) is a huge mover today! About 386,248 shares traded hands or 22.67% up from the average. Mimecast Ltd (NASDAQ:MIME) has risen 87.12% since March 16, 2016 and is uptrending. It has outperformed by 81.58% the S&P500.
The move comes after 7 months positive chart setup for the $1.15 billion company. It was reported on Oct, 19 by Barchart.com. We have $24.73 PT which if reached, will make NASDAQ:MIME worth $230.00M more.
Analysts await Mimecast Ltd (NASDAQ:MIME) to report earnings on November, 14.
Mimecast Ltd (NASDAQ:MIME) Ratings Coverage
Out of 7 analysts covering Mimecast (NASDAQ:MIME), 7 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Mimecast has been the topic of 7 analyst reports since December 14, 2015 according to StockzIntelligence Inc. As per Monday, December 14, the company rating was initiated by Jefferies. The firm has “Buy” rating by Goldman Sachs given on Monday, December 14. The rating was initiated by Barclays Capital on Monday, December 14 with “Overweight”. RBC Capital Markets initiated the stock with “Outperform” rating in Monday, December 14 report. The firm has “Overweight” rating given on Friday, October 14 by JP Morgan. The company was initiated on Friday, June 3 by Dougherty & Company. The rating was initiated by Oppenheimer on Monday, December 14 with “Outperform”.
According to Zacks Investment Research, “Mimecast Limited offers cloud security and risk management services for corporate information and email primarily in the United States, the United Kingdom and South Africa. The Company offers email management services that protect the organization against spam, viruses, malware, emerging threats, and other challenges. Mimecast Limited is headquartered in London, the United Kingdom.”
More news for Mimecast Ltd (NASDAQ:MIME) were recently published by: Marketwatch.com, which released: “Mimecast started at overweight with $25.50 stock price target at JP Morgan” on October 24, 2015. Seekingalpha.com‘s article titled: “IPO Preview: Mimecast Ltd.” and published on November 19, 2015 is yet another important article.
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