Mimecast (NASDAQ:MIME) target price raised to $22.00, released a report earlier today by Barclays
- Updated: October 3, 2016
Having a price of $19.13, Mimecast (NASDAQ:MIME) traded 0.78% higher on the day. With the last close up 70.87% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Mimecast has recorded a 50-day average of $16.14 and a two hundred day average of $11.28. Volume of trade was down over the average, with 103,269 shares of MIME changing hands under the typical 255,512
Stating a potential upside of 0.15%, Barclays upped the price target of Mimecast (NASDAQ:MIME) to $22.00
On 06/03/2016, Dougherty & Company released a statement on Mimecast (NASDAQ:MIME) upped the target price from $0.00 to $12.00 that suggested an upside of 0.34%.
With a total market value of $0, Mimecast has with a one year low of $6.01 and a one year high of $20.10 .
A total of 6 brokers have released a ratings update on MIME. Two brokerages rating the company a strong buy, two brokers rating the stock a buy, one brokerage rating the company a hold, 0 firms rating the stock a underperform, and finally zero equity analysts rating the company a sell with a one year target of $13.83.
Brief Synopsis About Mimecast (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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