Mimecast Ltd (MIME) was Initiated by JP Morgan to “Overweight” and the brokerage firm has set the Price Target at $25.50. JP Morgan advised their investors in a research report released on Oct 14, 2016.
Many Wall Street Analysts have commented on Mimecast Ltd. Company shares were Reiterated by Dougherty & Company on Aug 9, 2016 to “Buy”, Firm has raised the Price Target to $ 16 from a previous price target of $12 .
On the company’s financial health, Mimecast Ltd reported $0.04 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Aug 8, 2016. Analyst had a consensus of $-0.04. The company had revenue of $41.46 million for the quarter, compared to analysts expectations of $39.85 million. The company’s revenue was up 24.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.04 EPS.
Mimecast Limited is a United Kingdom-based business e-mail and data safety solutions provider. The Company offers solutions for e-mail security; archiving risk and compliance; business continuity; migration and employee productivity and mobility. Its products consist of Mimecast Secure Email Gateway which is offered for spam and virus protection content control and data leak prevention targeted threat protection file send secure messaging and advanced e-mail signature and disclaimer management; Mimecast Mailbox Continuity which is offered for continuity services and Mimecast Enterprise Information Archiving which is offered for file archiving legacy archive data management and Lync Instant messaging Archiving. Mimecast Unified Email Management bundles security protection archived corporate data and e-mail services. Its professional services include assisted connect intelligent data migration legacy archive data management and bespoke consulting services.