Mimecast - MIME Stock Forecast, Price & News

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Mimecast in the last twelve months. There are currently 12 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MIME shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MIME, but not buy additional shares or sell existing shares.
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15 Wall Street research analysts have issued 12 month target prices for Mimecast's stock. Their MIME share price forecasts range from $69.00 to $85.00. On average, they expect the company's stock price to reach $78.23 in the next twelve months. This suggests that the stock has a possible downside of 2.1%.
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Mimecast's stock was trading at $79.57 at the beginning of 2022. Since then, MIME stock has increased by 0.4% and is now trading at $79.92.
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Mimecast Limited (NASDAQ:MIME) released its quarterly earnings results on Tuesday, November, 2nd. The technology company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.22. The technology company had revenue of $147.23 million for the quarter, compared to analyst estimates of $142.47 million. Mimecast had a trailing twelve-month return on equity of 11.53% and a net margin of 8.21%. During the same quarter last year, the firm posted $0.17 earnings per share.

177 employees have rated Mimecast Chief Executive Officer Peter Bauer on Glassdoor.com. Peter Bauer has an approval rating of 95% among the company's employees. This puts Peter Bauer in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Mimecast investors own include NVIDIA (NVDA), Intersect ENT (XENT), Alibaba Group (BABA), Block (SQ), Trade Desk (TTD), Proofpoint (PFPT), Advanced Micro Devices (AMD), Okta (OKTA), Splunk (SPLK) and Skyworks Solutions (SWKS).

(MIME) raised $86 million in an initial public offering (IPO) on Thursday, November 19th 2015. The company issued 7,800,000 shares at $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.

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

Mimecast's stock is owned by a variety of retail and institutional investors. Top institutional investors include Twin Tree Management LP (0.00%), Bank of Montreal Can (0.00%), Walleye Trading LLC (0.00%), Equitec Proprietary Markets LLC (0.00%) and FNY Investment Advisers LLC (0.00%). Insiders that own company stock include Alex ET Bender, Christopher Fitzgerald, Dino Dimarino, Edward Vincent Jennings, Hagi Schwartz, John J Walsh Jr, John J Walsh, Jr, Karen M Anderson, Neil Murray, Peter Bauer, Rafeal E Brown, Robert L Borden and Robert P Nault.
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Shares of MIME stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MIME stock can currently be purchased for approximately $79.92.

Mimecast (NASDAQ:MIME) has a market capitalization of $5.35 billion and generates $501.40 million in revenue each year. The technology company earns $29.75 million in net income (profit) each year or $0.70 on an earnings per share basis.

The company employs 1,765 workers across the globe.

Mimecast's mailing address is ONE FINSBURY AVENUE, LONDON X0, EC2M 2PF. The official website for the company is www.mimecast.com. The technology company can be reached via phone at 447819965340 or via email at investors@mimecast.com.