NASDAQ:MIMEMimecast Stock Price, Forecast & News

$39.00

-0.62 (-1.56 %)

(As of 05/26/2020 03:44 PM ET)

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Today's Range

$38.88

Now: $39.00▼

$40.49

50-Day Range

$30.59

MA: $36.98▼

$43.59

52-Week Range

$25.14

Now: $39.00▼

$54.40

Volume857,312 shs

Average Volume990,117 shs

Market Capitalization$2.44 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.

Beat the Market (BTM) Rank^™

4.4 Analyst's Opinion

Consensus Rating
Mimecast has received a consensus rating of Buy. The company's average rating score is 2.82, and is based on 14 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $53.76, Mimecast has a potential upside of 36.7% from its current price of $39.32.
Amount of Analyst Coverage
Mimecast has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.5 Community Rank

Outperform Votes
Mimecast has received 679 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Mimecast has received 300 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Mimecast has received 69.36% “outperform” votes from our community.

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.

0.0 Dividend Strength

Dividend Yield
Mimecast does not currently pay a dividend.
Dividend Growth
Mimecast does not have a long track record of dividend growth.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Mimecast insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $3,640,456.00 in company stock.
Percentage Held by Insiders
Only 11.60% of the stock of Mimecast is held by insiders.
Percentage Held by Institutions
79.10% of the stock of Mimecast is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Mimecast are expected to grow by 183.33% in the coming year, from $0.06 to $0.17 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Mimecast is -983.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Mimecast is -983.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
Mimecast has a PEG Ratio of 24.59. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Mimecast has a P/B Ratio of 13.70. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.16 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Prepackaged software

Sub-IndustryN/A

SectorComputer and Technology

Current SymbolNASDAQ:MIME

Previous Symbol

CUSIPN/A

CIK1644675

Webwww.mimecast.com

Phone781-996-5340

Debt

Debt-to-Equity Ratio0.39

Current Ratio1.09

Quick Ratio1.09

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E Ratio650.00

P/E Growth24.59

Sales & Book Value

Annual Sales$426.96 million

Price / Sales5.71

Cash Flow$0.54 per share

Price / Cash Flow72.87

Book Value$2.87 per share

Price / Book13.59

Profitability

EPS (Most Recent Fiscal Year)N/A

Net Income$-2,200,000.00

Net Margins-0.52%

Return on Equity0.63%

Return on Assets0.19%

Miscellaneous

Employees1,500

Outstanding Shares62,520,000

Market Cap$2.44 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 Coronavirus reached pandemic status according to the World Health Organization. Since then, MIME stock has increased by 22.7% and is now trading at $39.32. 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) issued its earnings results on Monday, May, 11th. The technology company reported $0.15 EPS for the quarter, beating the Zacks' consensus estimate of $0.12 by $0.03. The technology company earned $114.20 million during 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%. Mimecast's quarterly revenue was up 24.1% compared to the same quarter last year. During the same period last year, the business posted $0.07 earnings per share. 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 earnings per share (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 brokerages have issued 1-year target prices for Mimecast's shares. Their forecasts range from $38.00 to $73.00. On average, they expect Mimecast's share price to reach $53.76 in the next year. This suggests a possible upside of 36.7% 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?

News stories about MIME stock have been trending neutral this week, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of news coverage by monitoring more than six thousand blog and news sources in real-time. 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 coverage optimism score of 0.5 on InfoTrie's scale. They also assigned news headlines about the technology company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news aboutMimecast.

Are investors shorting Mimecast?

Mimecast saw a increase in short interest in 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 daily volume of 1,030,000 shares, the days-to-cover ratio is currently 2.3 days. Currently, 4.2% of the company's stock are sold short. View Mimecast's Current Options Chain.

Who are some of Mimecast's key competitors?

Some companies that are related to Mimecast include Alteryx (AYX), UBISOFT ENTMT S/ADR (UBSFY), Ceridian HCM (CDAY), Temenos (TMNSF), Dropbox (DBX), HubSpot (HUBS), Cloudflare (NET), Guidewire Software (GWRE), Avalara (AVLR), PTC (PTC), Trend Micro (TMICY), Elastic (ESTC), Anaplan (PLAN), Smartsheet (SMAR) and RealPage (RP). View all 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 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 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 institutional and retail 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, Two Sigma Investments LP, Wells Fargo & Company MN, Deutsche Bank AG, ETF Managers Group LLC, Maverick Capital Ltd., Maverick Capital Ltd., and WINTON GROUP 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 purchased 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 $39.32.

How big of a company is Mimecast?

Mimecast has a market capitalization of $2.46 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 5/26/2020 by MarketBeat.com Staff