Mimecast (NASDAQ:MIME) Earning Somewhat Positive Press Coverage, Analysis Shows

Media coverage about Mimecast (NASDAQ:MIME) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Mimecast earned a coverage optimism score of 0.11 on Accern’s scale. Accern also gave news headlines about the technology company an impact score of 44.8086522801547 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

MIME has been the subject of several recent research reports. Dougherty & Co increased their target price on shares of Mimecast from $32.00 to $36.00 and gave the company a “buy” rating in a research note on Monday, November 6th. Royal Bank of Canada restated a “buy” rating and issued a $33.00 price target on shares of Mimecast in a research report on Wednesday, October 18th. Oppenheimer restated a “buy” rating and issued a $35.00 price target (up previously from $32.00) on shares of Mimecast in a research report on Thursday, November 9th. Jefferies Group restated a “buy” rating and issued a $38.00 price target on shares of Mimecast in a research report on Friday, November 10th. Finally, Deutsche Bank initiated coverage on shares of Mimecast in a research report on Tuesday, December 19th. They issued a “buy” rating and a $35.00 price target for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $33.77.

Shares of Mimecast (NASDAQ:MIME) opened at $32.29 on Tuesday. Mimecast has a 12-month low of $19.12 and a 12-month high of $33.05. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a market cap of $1,850.00 and a P/E ratio of -189.94.

Mimecast (NASDAQ:MIME) last announced its quarterly earnings results on Wednesday, November 8th. The technology company reported ($0.02) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.01. Mimecast had a negative net margin of 4.16% and a negative return on equity of 11.28%. equities analysts expect that Mimecast will post -0.16 earnings per share for the current year.

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About Mimecast

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.

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