The stock of Mimecast Ltd (NASDAQ:MIME) is a huge mover today! The stock increased 7.09% or $1.34 on November 7, hitting $20.24. About 263,921 shares traded hands. Mimecast Ltd (NASDAQ:MIME) has risen 89.57% since April 5, 2016 and is uptrending. It has outperformed by 87.61% the S&P500.
The move comes after 5 months positive chart setup for the $1.10 billion company. It was reported on Nov, 7 by Barchart.com. We have $26.11 PT which if reached, will make NASDAQ:MIME worth $319.00 million 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 8 analyst reports since December 14, 2015 according to StockzIntelligence Inc. The stock has “Overweight” rating given by Barclays Capital on Monday, December 14. RBC Capital Markets initiated the shares of MIME in a report on Monday, December 14 with “Outperform” rating. Jefferies initiated it with “Buy” rating and $18 target price in Monday, December 14 report. The stock of Mimecast Ltd (NASDAQ:MIME) earned “Outperform” rating by Oppenheimer on Monday, December 14. JP Morgan initiated Mimecast Ltd (NASDAQ:MIME) on Friday, October 14 with “Overweight” rating. The company was maintained on Friday, November 4 by Dougherty & Company. The stock of Mimecast Ltd (NASDAQ:MIME) earned “Buy” rating by Dougherty & Company on Friday, June 3. The stock has “Buy” rating given by Goldman Sachs 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 recent Mimecast Ltd (NASDAQ:MIME) news were published by: Marketwatch.com which released: “Mimecast Ltd. NASDAQ: MIME” on October 24, 2015. Also Seekingalpha.com published the news titled: “IPO Preview: Mimecast Ltd.” on November 19, 2015. Reuters.com‘s news article titled: “BRIEF-Mimecast limited announces pricing of secondary offering” with publication date: March 12, 2016 was also an interesting one.
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