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Mimecast (MIME) in Focus: Stock Adds 5.7% in Session
Mimecast Limited was a big mover last session, as the company saw its shares rise almost 6% on the day. Shares gained after the company announced that it has joined the Coalition for Cybersecurity Policy and Law. This also led to far more shares changing hands than in a normal session, resulting in solid volume. This continues the recent uptrend for the company as the stock is now over 34% in the past one month time frame.
The company has seen one negative estimate revision in the last 30 days and the Zacks Consensus Estimate also moved lower, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher lasts.
Mimecast has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
A better-ranked stock in the Internet Software industry is Paylocity Holding Corporation (PCTY - Free Report) , sporting a Zacks Rank #1 (Strong Buy).
Is MIME going up? Or down? Predict to see what others think: Up or Down
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