Needham & Company Starts Mimecast Limited (MIME) at Buy

Needham & Company initiates coverage on Mimecast Limited (NASDAQ: MIME) with a Buy rating and a price target of $33.00.

Analyst Alex Henderson commented, "Mimecast is a full cloud-based subscription email service provider with a forward evolving approach to email security, threat assessment, and data security. The company offers products such as Targeted Threat Protection (TTP), which features advanced capabilities including URL protect with dynamic user awareness, attachment protect sand-boxing, and granular policy-driven impersonation prevention. Cyber attacks target people, not infrastructure, and email is the primary communication media. We believe Mimecast presents a superior product offering and should continue to deliver exceptional growth and profitability over time."

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 $26.92 yesterday.

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