Mimecast Ltd (NASDAQ:MIME) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: January 10, 2017
Boasting a price of $20.07, Mimecast Ltd (NASDAQ:MIME) traded 7.90% higher on the day. With the last stock price close up 21.37% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.04% over the date range. Mimecast Ltd has recorded a 50-day average of $19.39 and a two hundred day average of $16.54. Volume of trade was down over the average, with 0 shares of MIME changing hands under the typical 241,941
Zacks Investment Research has downgraded Mimecast Ltd (NASDAQ:MIME) to Hold in a statement released on 1/11/2017.
With a total market value of $0, Mimecast Ltd has with a one year low of $6.01 and a one year high of $24.60 .
A total of 6 equity analysts have released a ratings update on MIME. Two equity analysts rating the company a strong buy, two equity analysts rating the company a buy, one equity analyst rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $13.83.
Brief Synopsis About Mimecast Ltd (NASDAQ:MIME)
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. It has developed its cloud architecture to offer customers e-mail security, continuity and archiving capabilities in a single service. It has developed an operating system (OS) called Mime OS for native cloud services. It protects inbound and outbound e-mail from malware, spam, threats, e-mail denial of service (DoS) and distributed denial of service (DDoS), data leaks and other security threats. It also offers service bundles, and Mimecast mobile and desktop applications.
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