Coverage Initiated by Truist Securities for Mimecast (NASDAQ:MIME)

Stock analysts at Truist Securities initiated coverage on shares of  Mimecast (NASDAQ:MIME) in a report issued on wednesday. The brokerage set a Buy rating on the Computer and Technology stock. A price-to-earnings ratio of 116.19 and a beta of 1.42. Mimecast has a twelve month low $37.03 of  and a twelve month high of $71.45.

Shares of Mimecast traded up $1.49 on wednesday, reaching $64.39. 326263 shares of the stock traded hands, compared to its average volume of 591917. Shares of Mimecast were trading at $64.39 on wednesday. The firm’s 50 day moving average is $$64.39 and its 200 day moving average is $51.53.Mimecast  has a 12 month low of $63.75 and a 12 month high of $71.45. While on yearly highs and lows, Mimecast’s today has traded high as $65.52 and has touched $63.75 on the downward trend. See More Analyst Rating at: RATING

Mimecast Earnings and What to expect: 

Mimecast last issued its quarterly earnings data on August 3rd, 2021. The technology company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. The business had revenue of $142.55 million for the quarter, compared to analyst estimates of $138.13 million. Its revenue for the quarter was up 23.8% compared to the same quarter last year. Mimecast has generated $0.49 earnings per share over the last year ($0.55 diluted earnings per share) and currently has a price-to-earnings ratio of 117.1. Earnings for Mimecast are expected to grow by 34.92% in the coming year, from $0.63 to $0.85 per share. Mimecast has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Monday, November 1st, 2021 based off prior year’s report dates.

Earnings for Mimecast are expected to grow by 34.92% in the coming year, from $0.63 to $0.85 per share. The P/E ratio of Mimecast is 117.07, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.72. The P/E ratio of Mimecast is 117.07, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 39.07. Mimecast has a PEG Ratio of 2.86. PEG Ratios above 1 indicate that a company could be overvalued. Mimecast has a P/B Ratio of 11.48. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Mimecast (NASDAQ:MIME) Moving Average Technical Analysis

5 day Moving Average is $63.33 And 5 day price change is $0.57 (0.89%)  with average volume for 5 day average is 375,520. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $64.98 and 20 day price change is -$4.57 (-6.63%) and average 20 day moving volume is 533,355. 50 day moving average is $64.39  and 50 day price change is $6.38 ( 11.00%)  and with average volume for 50 days is : 949,264. 200 day moving average is $51.53  and 200 day price change is $6.26 (10.77%)  and with average volume for 200 days is : 778,624.

Other owners latest trading in Mimecast :

  • On 10/13/2021 shares held by Scout Investments Inc. were 159,051 which equates to market value of $10.12M and appx 0.20% owners of Mimecast
  • On 10/12/2021 shares held by Louisiana State Employees Retirement System were 15,600 which equates to market value of $0.99M and appx 0.00% owners of Mimecast
  • On 10/7/2021 shares held by State of Alaska Department of Revenue were 9,638 which equates to market value of $0.61M and appx 0.00% owners of Mimecast
  • In total Institutional ownership equates to Institutional Ownership Percentage: 81.87% for Mimecast

See More Analyst Rating at: RATING