Needham analyst Alex Henderson reiterated a Buy rating on Mimecast (NASDAQ:MIME) Ltd. on Wednesday, setting a price target of $75, which is approximately 36.17% above the present share price of $55.08.
Henderson expects Mimecast Ltd . to post earnings per share (EPS) of $0.09 for the third quarter of 2021.
The current consensus among 10 TipRanks analysts is for a Strong Buy rating of shares in Mimecast, with an average price target of $59.7.
The analysts price targets range from a high of $80 to a low of $48.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $133.89 million and a net profit of $10.92 million. The company's market cap is $3.59 billion.
According to TipRanks.com, Needham analyst Alex Henderson is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 29.3% and a 68.75% success rate.
Mimecast Ltd. engages in the provision of cloud security and risk management services for corporate information and email. It develops in suite of cloud services designed to offer cyber resilience for email and deliver comprehensive email risk management beyond the primary mail server. Its products allow to secure and stores corporate communications and information to address compliance and e-discovery requirements. The company was founded by Peter Cyril Bauer and Neil Hamilton Murray in 2003 and is headquartered in London, the United Kingdom.