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Mimecast (MIME) Shows Strength: Stock Adds 5.7% in Session

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Mimecast Limited (MIME - Free Report) was a big mover last session, as the company saw its shares rise a little above 6% on the day. The upside was driven by improved preliminary first-quarter 2018 results. Also, this led to far more shares changing hands than in a normal session. This breaks the recent trend for the company as the stock is now trading above the volatile price range of $26.92 to $28.50 in the past one-month time frame.

The company has seen no positive or negative estimate revision in the past 30 days. Also, its Zacks Consensus Estimate remained unchanged over the same timeframe. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Mimecast currently carries a Zacks Rank #3 (Hold).

Mimecast Limited Price


A better-ranked stock in the Internet - Software industry is Alteryx, Inc. (AYX - Free Report) , which holds a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is MIME going up? Or down? Predict to see what others think: Up or Down

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