Barclays Maintains Mimecast Ltd to Overweight with Price Target $16.00

Brokerage firm Barclays Maintains its rating on Mimecast Ltd(NASDAQ:MIME). In a research note issued to the investors, the brokerage major Raises the price-target to $16.00 per share. The shares have been rated Overweight. The rating by Barclays was issued on Aug 9, 2016.

Mimecast Ltd(MIME) last announced its earnings results on Aug 8, 2016 for Fiscal Year 2017 and Q1.Company reported revenue of $41.46M. Analysts had an estimated revenue of $39.83M. Earnings per share were $0.04. Analysts had estimated an EPS of $-0.04.

Mimecast Limited is a United Kingdom-based business e-mail and data safety solutions provider. The Company offers solutions for e-mail security; archiving risk and compliance; business continuity; migration and employee productivity and mobility. Its products consist of Mimecast Secure Email Gateway which is offered for spam and virus protection content control and data leak prevention targeted threat protection file send secure messaging and advanced e-mail signature and disclaimer management; Mimecast Mailbox Continuity which is offered for continuity services and Mimecast Enterprise Information Archiving which is offered for file archiving legacy archive data management and Lync Instant messaging Archiving. Mimecast Unified Email Management bundles security protection archived corporate data and e-mail services. Its professional services include assisted connect intelligent data migration legacy archive data management and bespoke consulting services.

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