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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; Large File Send that enables employees to create security and compliance risks when they turn to file sharing services; 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.
Shares have come down with the market correction. Shares are now sitting at a possible support level. the 100-day moving average also shows the support. Mimecast Limited Ord (MIME) reported 3rd Quarter December 2018 earnings of $0.08 per share on revenue of $87.6 million. The consensus earnings estimate was $0.06 per share on revenue of $84.8 million. The company said it expects fourth quarter revenue of $90.6 million to $91.5 million and fiscal 2020 revenue of $413.0 million to $427.0 million. The current consensus earnings estimate is revenue of $87.9 million for the quarter ending March 31, 2019 and revenue of $406.6 million for the year ending March 31, 2020. Higher share prices are expected for this stock.
Entry Point: $45.00
Stop Loss: $42.50
Trading Range: $29.67 - $54.57
Target Price: $49.40
MIME closed at $49.75
