Mimecast Limited (NASDAQ:MIME) Given Consensus Recommendation of “Hold” by Brokerages | #emailsecurity | #phishing | #ransomware


Shares of Mimecast Limited (NASDAQ:MIME – Get Rating) have received an average recommendation of “Hold” from the eighteen research firms that are covering the company, Marketbeat reports. Fourteen equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $77.64.

MIME has been the subject of several analyst reports. Zacks Investment Research downgraded shares of Mimecast from a “buy” rating to a “hold” rating in a report on Wednesday. Sumitomo Mitsui Financial Group downgraded shares of Mimecast from an “outperform” rating to a “neutral” rating and set a $82.00 price target for the company. in a report on Friday, January 14th. Barclays downgraded shares of Mimecast from an “overweight” rating to an “equal weight” rating and set a $80.00 price target for the company. in a report on Wednesday, January 19th. StockNews.com initiated coverage on shares of Mimecast in a report on Thursday, March 31st. They issued a “buy” rating for the company. Finally, UBS Group downgraded shares of Mimecast from an “outperform” rating to a “neutral” rating in a report on Friday, January 14th.

(Ad)

Something odd is going on with our money. If you understand what’s going on, you could come out far ahead if you make the right moves.

But if you don’t, you could be blindsided in the days ahead.

According to Nomi Prins, PhD, this could be the most important story in the financial world in 2022, it has little to do with stocks, bonds, or cryptocurrencies…

In fact, it all traces back to the humble copper penny.

A number of large investors have recently modified their holdings of the stock. Nordea Investment Management AB raised its position in Mimecast by 4.3% in the 1st quarter. Nordea Investment Management AB now owns 152,708 shares of the technology company’s stock worth $12,144,000 after purchasing an additional 6,292 shares during the period. Syquant Capital Sas purchased a new position in Mimecast in the 1st quarter worth $7,970,000. Sheets Smith Investment Management purchased a new position in Mimecast in the 4th quarter worth $792,000. Beryl Capital Management LLC purchased a new position in Mimecast in the 4th quarter worth $6,551,000. Finally, Norges Bank purchased a new position in Mimecast in the 4th quarter worth $44,235,000. Institutional investors own 87.37% of the company’s stock.

MIME opened at $79.67 on Friday. The company has a 50 day moving average of $79.52 and a 200 day moving average of $77.35. The company has a market cap of $5.33 billion, a PE ratio of 113.81, a price-to-earnings-growth ratio of 5.42 and a beta of 1.44. Mimecast has a 12 month low of $40.34 and a 12 month high of $85.48. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.14.

Mimecast (NASDAQ:MIME – Get Rating) last released its quarterly earnings data on Thursday, February 3rd. The technology company reported $0.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.02. The company had revenue of $151.60 million during the quarter, compared to the consensus estimate of $150.02 million. Mimecast had a net margin of 8.21% and a return on equity of 11.53%. During the same period last year, the firm earned $0.12 EPS. Research analysts forecast that Mimecast will post 0.8 earnings per share for the current fiscal year.

About Mimecast (Get Rating)

Mimecast Limited provides cloud security and risk management services for corporate information and email. The company offers Mimecast Email Security solution, which protects against the delivery of malware, malicious URLs and attachments, spam, viruses, impersonation attacks, phishing, and spear-phishing attacks, including business email compromise, identity theft, extortion, fraud, and other attacks, while also preventing data leaks and other internal threats, as well as provides awareness training services.

Recommended Stories

Analyst Recommendations for Mimecast (NASDAQ:MIME)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $1,000 in Mimecast right now?

Before you consider Mimecast, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Mimecast wasn’t on the list.

While Mimecast currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here

 



Original Source link

Leave a Reply

Your email address will not be published.

2 + = seven