Oppenheimer Holdings, Inc. reiterated their outperform rating on shares of Mimecast Limited (NASDAQ:MIME) in a report issued on Tuesday, August 8th. Oppenheimer Holdings, Inc. currently has a $32.00 target price on the technology company’s stock, up from their previous target price of $27.00. Oppenheimer Holdings also issued estimates for Mimecast Limited’s Q2 2018 earnings at $0.00 EPS, Q4 2018 earnings at ($0.02) EPS, FY2018 earnings at ($0.07) EPS and FY2019 earnings at ($0.01) EPS.
Several other research firms have also weighed in on MIME. BidaskClub lowered Mimecast Limited from a strong-buy rating to a buy rating in a report on Monday, July 24th. Summit Redstone reaffirmed a buy rating and set a $30.00 price objective on shares of Mimecast Limited in a research note on Thursday, April 13th. Zacks Investment Research raised Mimecast Limited from a sell rating to a hold rating in a research note on Thursday, April 13th. Benchmark Co. started coverage on Mimecast Limited in a research note on Thursday, April 27th. They set a buy rating and a $30.00 price objective on the stock. Finally, Barclays PLC increased their price objective on Mimecast Limited from $30.00 to $31.00 and gave the company an overweight rating in a research note on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have assigned a buy rating to the company. Mimecast Limited has a consensus rating of Buy and a consensus price target of $30.46.
Shares of Mimecast Limited (NASDAQ MIME) opened at 26.99 on Tuesday. The firm’s market cap is $1.53 billion. Mimecast Limited has a 1-year low of $14.50 and a 1-year high of $30.10. The company has a 50-day moving average of $27.59 and a 200-day moving average of $24.33.
Mimecast Limited (NASDAQ:MIME) last posted its earnings results on Monday, August 7th. The technology company reported $0.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.05. The company had revenue of $58.16 million for the quarter, compared to analyst estimates of $54.96 million. Mimecast Limited had a negative return on equity of 9.67% and a negative net margin of 3.73%. Mimecast Limited’s revenue was up 40.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.04 earnings per share. Analysts predict that Mimecast Limited will post $0.06 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: This report was first published by BNB Daily and is owned by of BNB Daily. If you are viewing this report on another website, it was illegally stolen and republished in violation of U.S. and international copyright and trademark laws. The legal version of this report can be accessed at https://www.baseball-news-blog.com/2017/08/19/mimecast-limited-nasdaqmime-given-outperform-rating-at-oppenheimer-holdings-inc-updated.html.
Several institutional investors have recently added to or reduced their stakes in MIME. ETF Managers Group LLC bought a new stake in shares of Mimecast Limited during the second quarter valued at approximately $17,278,000. Loomis Sayles & Co. L P bought a new stake in shares of Mimecast Limited during the first quarter valued at approximately $11,353,000. Garelick Capital Partners LP bought a new stake in shares of Mimecast Limited during the first quarter valued at approximately $10,388,000. Frontier Capital Management Co. LLC bought a new stake in shares of Mimecast Limited during the second quarter valued at approximately $11,326,000. Finally, Columbus Circle Investors increased its stake in shares of Mimecast Limited by 88.6% in the second quarter. Columbus Circle Investors now owns 728,762 shares of the technology company’s stock valued at $19,516,000 after buying an additional 342,405 shares during the last quarter. Institutional investors own 47.67% of the company’s stock.
Mimecast Limited Company Profile
Mimecast Limited is a provider of cloud security and risk management services for corporate information and e-mail. The Company’s suite of cloud services protects customers from the business and data security risks. It also mitigates the business disruption that e-mail failure or downtime causes. In addition, its archiving services secure, store and manage critical corporate communications and information to address the compliance and e-discovery requirements.
Receive News & Ratings for Mimecast Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mimecast Limited and related companies with MarketBeat.com's FREE daily email newsletter.