Mimecast Limited (MIME) provides cloud security and risk management services for corporate information and email.
The company offers Mimecast Email Security services, including targeted threat protection services, such as URL Protect that addresses the threat from emails containing malicious links; Attachment Protect that reduces threat from weaponized or malware-laden attachments used in spear-phishing and other attacks; Impersonation Protect that gives protection from malware-less social engineering attacks; and Internal Email Protect, which allows customers to monitor, detect, and remediate security threats that originate from within their internal email systems.
Its Mimecast Email Security services also comprise Secure Messaging for sharing sensitive information with external contacts through email; and Data Leak Prevention, which prevents the inadvertent or malicious loss of sensitive corporate data with advanced data leak prevention and content controls.
In addition, the company offers Mimecast Mailbox Continuity, which protects email and data against the threat of downtime as a result of system failure, natural disasters, planned maintenance, system upgrades, and migrations; and Mimecast Enterprise Information Archiving that offers cloud archive consolidation of inbound, outbound and internal email, files, and instant messaging in an archive, as well as incorporates legacy data from additional archives into the same searchable store. Further, it provides Service Bundles, a unified service managed from a single administration console; and Mimecast Mobile and Desktop Apps for mobile, PC, and Mac users to get self-service access to security features.
The company sells its services through direct sales and channel partners. Shares are heading higher in an upward trading channel. The lowr boundary of the said channel coincides with the stock's 50-day moving average. Higher share prices are expected for this stock.
52-Weeks Trading Range: $9.50 - $29.48
Entry Point: $26.00
Stop Loss: $24.70
Target Price: $28.60
MIME closed at $28.90.