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NASDAQ:MIME - Mimecast Stock Price, Forecast & News

$35.75
+0.36 (+1.02 %)
(As of 03/29/2020 01:12 PM ET)
Today's Range
$34.15
Now: $35.75
$36.00
50-Day Range
$27.55
MA: $40.37
$53.56
52-Week Range
$25.14
Now: $35.75
$54.57
Volume690,628 shs
Average Volume998,739 shs
Market Capitalization$2.24 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.38
Mimecast Limited, a email and data security company, provides cloud security and risk management services for corporate information and email. The company 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 customers to monitor, detect, and remediate security threats that originate from within their internal email systems. Its Mimecast Email Security services also comprise Secure Messaging for sharing sensitive information with external contacts through email; Large File Send that enables employees to create security and compliance risks when they turn to file sharing services; and Data Leak Prevention, which prevents the inadvertent or malicious loss of sensitive corporate data with advanced data leak prevention and content controls. In addition, the company offers Mimecast Mailbox Continuity, which protects email and data against the threat of downtime as a result of system failure, natural disasters, planned maintenance, system upgrades, and migrations; and Mimecast Enterprise Information Archiving that offers cloud archive consolidation of inbound, outbound and internal email, files, and instant messaging in an archive, as well as incorporates legacy data from additional archives into the same searchable store. Further, it provides Service Bundles, a unified service managed from a single administration console; and Mimecast Mobile and Desktop Apps for mobile, PC, and Mac users to get self-service access to security features. The company sells its services through direct sales and channel partners. Mimecast Limited was founded in 2003 and is headquartered in London, the United Kingdom.
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Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:MIME
CUSIPN/A
Phone781-996-5340

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$340.38 million
Cash Flow$0.55 per share
Book Value$2.87 per share

Profitability

Net Income$-7,000,000.00

Miscellaneous

Employees1,500
Market Cap$2.24 billion
Next Earnings Date5/11/2020 (Estimated)
OptionableOptionable

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Mimecast (NASDAQ:MIME) Frequently Asked Questions

How has Mimecast's stock been impacted by COVID-19 (Coronavirus)?

Mimecast's stock was trading at $32.04 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, MIME shares have increased by 11.6% and is now trading at $35.75. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Mimecast?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mimecast in the last year. There are currently 2 hold ratings and 14 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Mimecast.

When is Mimecast's next earnings date?

Mimecast is scheduled to release its next quarterly earnings announcement on Monday, May 11th 2020. View our earnings forecast for Mimecast.

How were Mimecast's earnings last quarter?

Mimecast Ltd (NASDAQ:MIME) released its quarterly earnings data on Monday, February, 10th. The technology company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. The technology company earned $110.16 million during the quarter, compared to the consensus estimate of $108.12 million. Mimecast had a negative net margin of 1.64% and a negative return on equity of 0.64%. The company's revenue was up 25.7% compared to the same quarter last year. During the same period last year, the company posted $0.09 earnings per share. View Mimecast's earnings history.

What guidance has Mimecast issued on next quarter's earnings?

Mimecast updated its FY 2020 After-Hours earnings guidance on Monday, February, 10th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $425.6-426.7 million, compared to the consensus revenue estimate of $423.52 million.

What price target have analysts set for MIME?

16 brokerages have issued 1 year price targets for Mimecast's stock. Their forecasts range from $38.00 to $65.00. On average, they expect Mimecast's stock price to reach $57.19 in the next year. This suggests a possible upside of 60.0% from the stock's current price. View analysts' price targets for Mimecast.

What are Wall Street analysts saying about Mimecast stock?

Here are some recent quotes from research analysts about Mimecast stock:
  • 1. 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. " (2/14/2020)
  • 2. Robert W. Baird analysts commented, "We continue to see a strong fundamental story driven by leading technology positioning, strong execution and large legacy share gain opportunities." (8/6/2019)

Has Mimecast been receiving favorable news coverage?

News articles about MIME stock have been trending negative this week, InfoTrie Sentiment reports. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Mimecast earned a news impact score of -2.0 on InfoTrie's scale. They also gave media stories about the technology company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View the latest news aboutMimecast.

Are investors shorting Mimecast?

Mimecast saw a increase in short interest during the month of March. As of March 13th, there was short interest totaling 2,200,300 shares, an increase of 272.0% from the February 27th total of 591,400 shares. Based on an average trading volume of 845,600 shares, the days-to-cover ratio is currently 2.6 days. Approximately 4.2% of the shares of the stock are sold short. View Mimecast's Current Options Chain.

Who are some of Mimecast's key competitors?

What other stocks do shareholders of Mimecast own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Mimecast investors own include Intersect ENT (XENT), NVIDIA (NVDA), SEASPAN CORP/SH SH (SSW), Alibaba Group (BABA), Trade Desk (TTD), Square (SQ), Mongodb (MDB), Netflix (NFLX), Proofpoint (PFPT) and Paypal (PYPL).

Who are Mimecast's key executives?

Mimecast's management team includes the following people:
  • Mr. Peter Bauer, Co-Founder, Chairman & CEO (Age 45)
  • Mr. Edward V. Jennings, Chief Operating Officer (Age 49)
  • Mr. Robert P. Nault, Sr. VP, Gen. Counsel & Sec. (Age 55)
  • Ms. Janet Bishop Levesque, Sr. VP of Systems, Risk & Security (Age 52)
  • Mr. Peter Campbell, Consultant (Age 55)

When did Mimecast IPO?

(MIME) raised $86 million in an initial public offering (IPO) on Thursday, November 19th 2015. The company issued 7,800,000 shares at a price of $10.00-$12.00 per share. Goldman Sachs, Barclays, Jefferies and RBC Capital Markets served as the underwriters for the IPO and Oppenheimer & Co. was co-manager.

What is Mimecast's stock symbol?

Mimecast trades on the NASDAQ under the ticker symbol "MIME."

Who are Mimecast's major shareholders?

Mimecast's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Bain Capital Public Equity Management II LLC (1.55%), Renaissance Technologies LLC (1.44%), First Trust Advisors LP (1.35%), FMR LLC (1.29%), Point72 Asset Management L.P. (1.20%) and Loomis Sayles & Co. L P (1.14%). Company insiders that own Mimecast stock include Christopher Fitzgerald, Edward Vincent Jennings, Hagi Schwartz, Janet Bishop-Levesque, John J Walsh, Jr, Neil Murray, Peter Andrew James Campbell, Peter Bauer and Robert P Nault. View institutional ownership trends for Mimecast.

Which institutional investors are selling Mimecast stock?

MIME stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, UBS Asset Management Americas Inc., Bank of America Corp DE, Macquarie Group Ltd., Macquarie Group Ltd., Man Group plc, Cubist Systematic Strategies LLC, and Marshall Wace LLP. Company insiders that have sold Mimecast company stock in the last year include Christopher Fitzgerald, Edward Vincent Jennings, Hagi Schwartz, John J Walsh, Jr, Neil Murray, and Peter Bauer. View insider buying and selling activity for Mimecast.

Which institutional investors are buying Mimecast stock?

MIME stock was purchased by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., Norges Bank, CIBC Private Wealth Group LLC, Pictet Asset Management Ltd., Russell Investments Group Ltd., Bain Capital Public Equity Management II LLC, UBS Oconnor LLC, and First Trust Advisors LP. View insider buying and selling activity for Mimecast.

How do I buy shares of Mimecast?

Shares of MIME can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Mimecast's stock price today?

One share of MIME stock can currently be purchased for approximately $35.75.

How big of a company is Mimecast?

Mimecast has a market capitalization of $2.24 billion and generates $340.38 million in revenue each year. The technology company earns $-7,000,000.00 in net income (profit) each year or ($0.07) on an earnings per share basis. Mimecast employs 1,500 workers across the globe. View additional information about Mimecast.

What is Mimecast's official website?

The official website for Mimecast is http://www.mimecast.com/.

How can I contact Mimecast?

Mimecast's mailing address is ONE FINSBURY AVENUE, LONDON X0, EC2M 2PF. The technology company can be reached via phone at 781-996-5340 or via email at [email protected]


MarketBeat Community Rating for Mimecast (NASDAQ MIME)

Community Ranking:  3.5 out of 5 (star star star half star)
Outperform Votes:  667 (Vote Outperform)
Underperform Votes:  292 (Vote Underperform)
Total Votes:  959
MarketBeat's community ratings are surveys of what our community members think about Mimecast and other stocks. Vote "Outperform" if you believe MIME will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MIME will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/29/2020 by MarketBeat.com Staff

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