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NASDAQ:MIMEMimecast Stock Price, Forecast & News

$40.52
+1.13 (+2.87 %)
(As of 05/28/2020 04:00 PM ET)
Add
Compare
Today's Range
$39.35
Now: $40.52
$41.20
50-Day Range
$32.10
MA: $37.34
$43.59
52-Week Range
$25.14
Now: $40.52
$54.40
Volume43,971 shs
Average Volume990,115 shs
Market Capitalization$2.53 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.27
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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Mimecast logo

Beat the Market (BTM) Rank

Analyst Opinion: 4.4Community Rank: 3.5Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.16 out of 5 stars


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$426.96 million
Cash Flow$0.57 per share
Book Value$2.87 per share

Profitability

Net Income$-2,200,000.00

Miscellaneous

Employees1,500
Market Cap$2.53 billion
Next Earnings Date8/3/2020 (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 COVID-19 reached pandemic status according to the World Health Organization. Since then, MIME stock has increased by 26.6% and is now trading at $40.56. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Mimecast?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mimecast in the last year. There are currently 3 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, August 3rd 2020. View our earnings forecast for Mimecast.

How were Mimecast's earnings last quarter?

Mimecast Ltd (NASDAQ:MIME) announced its quarterly earnings data on Monday, May, 11th. The technology company reported $0.15 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.03. The technology company had revenue of $114.20 million for the quarter, compared to analyst estimates of $112.39 million. Mimecast had a negative net margin of 0.52% and a positive return on equity of 0.63%. The business's revenue for the quarter was up 24.1% on a year-over-year basis. During the same period last year, the business posted $0.07 EPS. View Mimecast's earnings history.

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

Mimecast issued an update on its first quarter 2021 After-Hours earnings guidance on Monday, May, 11th. The company provided EPS guidance of for the period. The company issued revenue guidance of $112.8-113.8 million, compared to the consensus revenue estimate of $112.63 million.

What price target have analysts set for MIME?

17 analysts have issued 1-year price objectives for Mimecast's stock. Their forecasts range from $38.00 to $73.00. On average, they expect Mimecast's share price to reach $53.76 in the next twelve months. This suggests a possible upside of 32.6% 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. " (4/11/2020)
  • 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?

Press coverage about MIME stock has trended very negative this week, according to InfoTrie. The research group rates the sentiment of media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Mimecast earned a daily sentiment score of -3.8 on InfoTrie's scale. They also gave media stories about the technology company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news aboutMimecast.

Are investors shorting Mimecast?

Mimecast saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 2,360,000 shares, an increase of 15.1% from the April 30th total of 2,050,000 shares. Based on an average trading volume of 1,030,000 shares, the days-to-cover ratio is currently 2.3 days. Currently, 4.2% of the shares of the stock are short sold. 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), Alibaba Group (BABA), Okta (OKTA), Trade Desk (TTD), Adobe (ADBE), Netflix (NFLX), SEASPAN CORP/SH SH (SSW), Paypal (PYPL) and Advanced Micro Devices (AMD).

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 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 acted 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 retail and institutional investors. Top institutional investors include Wellington Management Group LLP (7.86%), Wells Fargo & Company MN (3.35%), Waddell & Reed Financial Inc. (2.23%), First Trust Advisors LP (1.59%), Ranger Investment Management L.P. (1.43%) and Loomis Sayles & Co. L P (1.25%). 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 Morgan Stanley, Morgan Stanley, Two Sigma Investments LP, Wells Fargo & Company MN, Deutsche Bank AG, ETF Managers Group LLC, Maverick Capital Ltd., and Maverick Capital Ltd.. 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 acquired by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Global Alpha Capital Management Ltd., Ion Asset Management Ltd., ArrowMark Colorado Holdings LLC, North Peak Capital Management LLC, North Run Capital LP, Bank of New York Mellon Corp, and Ranger Investment Management L.P.. 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 $40.56.

How big of a company is Mimecast?

Mimecast has a market capitalization of $2.54 billion and generates $426.96 million in revenue each year. Mimecast employs 1,500 workers across the globe.

What is Mimecast's official website?

The official website for Mimecast is 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]

This page was last updated on 5/28/2020 by MarketBeat.com Staff

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