Notable Runner: Mimecast Ltd Hit 52-Week High

Notable Runner: Mimecast Ltd Hit 52 Week High

The stock of Mimecast Ltd (NASDAQ:MIME) hit a new 52-week high and has $31.38 target or 47.00% above today’s $21.35 share price. The 5 months bullish chart indicates low risk for the $1.19B company. The 1-year high was reported on Oct, 19 by If the $31.38 price target is reached, the company will be worth $559.30M 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. About 776,824 shares traded hands or 146.72% 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.

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. The firm has “Overweight” rating by JP Morgan given on Friday, October 14. The firm earned “Buy” rating on Monday, December 14 by Goldman Sachs. The stock of Mimecast Ltd (NASDAQ:MIME) earned “Overweight” rating by Barclays Capital on Monday, December 14. Oppenheimer initiated Mimecast Ltd (NASDAQ:MIME) rating on Monday, December 14. Oppenheimer has “Outperform” rating and $15 price target. RBC Capital Markets initiated it with “Outperform” rating and $15 target price in Monday, December 14 report. On Friday, June 3 the stock rating was initiated by Dougherty & Company with “Buy”. The stock has “Buy” rating given by Jefferies on Monday, December 14.

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:, which released: “Mimecast started at overweight with $25.50 stock price target at JP Morgan” on October 24, 2015.‘s article titled: “IPO Preview: Mimecast Ltd.” and published on November 19, 2015 is yet another important article.

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