The stock of Mimecast Ltd (NASDAQ:MIME) reached all time high today, Nov, 10 and still has $33.23 target or 43.00% above today’s $23.24 share price. This indicates more upside for the $1.30B company. This technical setup was reported by Barchart.com. If the $33.23 PT is reached, the company will be worth $559.00M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 185,754 shares traded hands. Mimecast Ltd (NASDAQ:MIME) has risen 140.11% since April 8, 2016 and is uptrending. It has outperformed by 134.46% the S&P500.
Analysts await Mimecast Ltd (NASDAQ:MIME) to report earnings on November, 14.
Mimecast Ltd (NASDAQ:MIME) Ratings Coverage
Out of 7 analysts covering Mimecast (NASDAQ:MIME), 7 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Mimecast has been the topic of 8 analyst reports since December 14, 2015 according to StockzIntelligence Inc. The stock of Mimecast Ltd (NASDAQ:MIME) has “Buy” rating given on Friday, November 4 by Dougherty & Company. The firm has “Buy” rating by Goldman Sachs given on Monday, December 14. RBC Capital Markets initiated it with “Outperform” rating and $15 target price in Monday, December 14 report. The rating was initiated by Dougherty & Company with “Buy” on Friday, June 3. Oppenheimer initiated Mimecast Ltd (NASDAQ:MIME) rating on Monday, December 14. Oppenheimer has “Outperform” rating and $15 price target. The firm has “Overweight” rating by JP Morgan given on Friday, October 14. The stock of Mimecast Ltd (NASDAQ:MIME) earned “Overweight” rating by Barclays Capital on Monday, December 14. Jefferies initiated Mimecast Ltd (NASDAQ:MIME) rating on Monday, December 14. Jefferies has “Buy” rating and $18 price target.
According to Zacks Investment Research, “Mimecast Limited offers cloud security and risk management services for corporate information and email primarily in the United States, the United Kingdom and South Africa. The Company offers email management services that protect the organization against spam, viruses, malware, emerging threats, and other challenges. Mimecast Limited is headquartered in London, the United Kingdom.”
More recent Mimecast Ltd (NASDAQ:MIME) news were published by: Marketwatch.com which released: “Mimecast Ltd. NASDAQ: MIME” on October 24, 2015. Also Seekingalpha.com published the news titled: “IPO Preview: Mimecast Ltd.” on November 19, 2015. Reuters.com‘s news article titled: “BRIEF-Mimecast limited announces pricing of secondary offering” with publication date: March 12, 2016 was also an interesting one.
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