Mimecast (MIME) Getting Somewhat Favorable Press Coverage, Study Shows

News articles about Mimecast (NASDAQ:MIME) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Mimecast earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave press coverage about the technology company an impact score of 45.7633657749691 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

These are some of the news stories that may have effected Accern Sentiment’s analysis:

Shares of Mimecast (NASDAQ:MIME) traded down $0.17 during midday trading on Friday, reaching $30.53. 78,722 shares of the company’s stock traded hands, compared to its average volume of 226,552. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.32. Mimecast has a twelve month low of $16.75 and a twelve month high of $32.00.

A number of brokerages recently commented on MIME. Zacks Investment Research downgraded shares of Mimecast from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $38.00 price target on shares of Mimecast in a report on Friday, November 10th. Barclays PLC increased their price target on shares of Mimecast from $31.00 to $34.00 and gave the company an “overweight” rating in a report on Thursday, November 9th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $35.00 price target (up previously from $32.00) on shares of Mimecast in a report on Thursday, November 9th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $37.00 price target (up previously from $33.00) on shares of Mimecast in a report on Thursday, November 9th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $32.83.

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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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