The stock of Mimecast Ltd (NASDAQ:MIME) hit a new 52-week high and has $22.97 target or 6.00% above today’s $21.67 share price. The 9 months bullish chart indicates low risk for the $1.19 billion company. The 1-year high was reported on Nov, 29 by Barchart.com. If the $22.97 price target is reached, the company will be worth $71.40M 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 119,638 shares traded hands. Mimecast Ltd (NASDAQ:MIME) has risen 147.81% since April 26, 2016 and is uptrending. It has outperformed by 142.55% the S&P500.
Analysts await Mimecast Ltd (NASDAQ:MIME) to report earnings on February, 13. They expect $-0.03 EPS, 0.00% or $0.00 from last year’s $-0.03 per share. After $0.01 actual EPS reported by Mimecast Ltd for the previous quarter, Wall Street now forecasts -400.00% negative EPS growth.
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 “Buy” rating given by Goldman Sachs on Monday, December 14. The rating was initiated by Barclays Capital with “Overweight” on Monday, December 14. The rating was initiated by Dougherty & Company with “Buy” on Friday, June 3. The rating was initiated by Oppenheimer on Monday, December 14 with “Outperform”. RBC Capital Markets initiated Mimecast Ltd (NASDAQ:MIME) rating on Monday, December 14. RBC Capital Markets has “Outperform” rating and $15 price target. The firm earned “Buy” rating on Monday, December 14 by Jefferies. The stock of Mimecast Ltd (NASDAQ:MIME) has “Buy” rating given on Friday, November 4 by Dougherty & Company. The stock of Mimecast Ltd (NASDAQ:MIME) has “Overweight” rating given on Friday, October 14 by JP Morgan.
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 Ltd. NASDAQ: MIME” 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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