Jefferies Starts Mimecast Limited (MIME) at Buy

Jefferies initiates coverage on Mimecast Limited (NASDAQ: MIME) with a Buy rating and a price target of $18.00.

Analyst John DiFucci commented, "Initiating MIME at Buy and $18 PT, as it pursues a huge opportunity to secure, archive, and ensure the lifeblood of organizations (email) with a unified, scalable SaaS solution. Its highly efficient, extensible platform should drive meaningful growth, while enterprise class retention delivers high visibility. MIME has demonstrated profitability, and valuation represents a major dislocation with the intrinsic value of its existing subscription alone."

For an analyst ratings summary and ratings history on Mimecast Limited click here. For more ratings news on Mimecast Limited click here.

Shares of Mimecast Limited closed at $10.42 yesterday.

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