How to buy Mimecast stock - 02 March

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How to buy Mimecast stock

Own Mimecast stock in just a few minutes.

Fact checked

Mimecast Limited is a software-infrastructure business based in the US. Mimecast shares (MIME) are listed on the NASDAQ and all prices are listed in US Dollars. Mimecast employs 1,800 staff and has a trailing 12-month revenue of around USD$481.7 million.

How to buy shares in Mimecast

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Mimecast. Find the stock by name or ticker symbol: MIME. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Mimecast reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Mimecast, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Mimecast. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Mimecast share price

Use our graph to track the performance of MIME stocks over time.

Mimecast shares at a glance

Information last updated 2021-02-23.
52-week rangeUSD$25.14 - USD$59.4799
50-day moving average USD$45.4509
200-day moving average USD$46.0953
Wall St. target priceUSD$55.18
PE ratio 103.8462
Dividend yield N/A (0%)
Earnings per share (TTM) USD$0.416

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy Mimecast stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Is Mimecast under- or over-valued?

Valuing Mimecast stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Mimecast's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Mimecast's P/E ratio

Mimecast's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 104x. In other words, Mimecast shares trade at around 104x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

Mimecast's PEG ratio

Mimecast's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.4417. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Mimecast's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Mimecast's EBITDA

Mimecast's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$66.6 million.

The EBITDA is a measure of a Mimecast's overall financial performance and is widely used to measure a its profitability.

Mimecast financials

Revenue TTM USD$481.7 million
Operating margin TTM 6.11%
Gross profit TTM USD$317.6 million
Return on assets TTM 2.27%
Return on equity TTM 9.29%
Profit margin 5.5%
Book value $5.376
Market capitalisation USD$2.8 billion

TTM: trailing 12 months

Shorting Mimecast shares

There are currently 2.3 million Mimecast shares held short by investors – that's known as Mimecast's "short interest". This figure is 4.9% down from 2.4 million last month.

There are a few different ways that this level of interest in shorting Mimecast shares can be evaluated.

Mimecast's "short interest ratio" (SIR)

Mimecast's "short interest ratio" (SIR) is the quantity of Mimecast shares currently shorted divided by the average quantity of Mimecast shares traded daily (recently around 953855.23012552). Mimecast's SIR currently stands at 2.39. In other words for every 100,000 Mimecast shares traded daily on the market, roughly 2390 shares are currently held short.

However Mimecast's short interest can also be evaluated against the total number of Mimecast shares, or, against the total number of tradable Mimecast shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Mimecast's short interest could be expressed as 0.04% of the outstanding shares (for every 100,000 Mimecast shares in existence, roughly 40 shares are currently held short) or 0.0385% of the tradable shares (for every 100,000 tradable Mimecast shares, roughly 39 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Mimecast.

Find out more about how you can short Mimecast stock.

Mimecast share dividends

We're not expecting Mimecast to pay a dividend over the next 12 months.

Mimecast share price volatility

Over the last 12 months, Mimecast's shares have ranged in value from as little as $25.14 up to $59.4799. A popular way to gauge a stock's volatility is its "beta".

MIME.US volatility(beta: 1.32)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Mimecast's is 1.3218. This would suggest that Mimecast's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

Mimecast overview

Mimecast Limited provides cloud security and risk management services for corporate information and email. The company offers Mimecast Email Security solution, which protects against the delivery of malware, malicious URLs and attachments, spam, viruses, impersonation attacks, phishing, and spear-phishing attacks, including business email compromise, identity theft, extortion, fraud, and other attacks, while also preventing data leaks and other internal threats, as well as provides awareness training services. It also provides Cyber Resilience Extensions, including Mimecast Enterprise Information Archiving that unifies email data to support e-discovery, forensic analysis, and compliance initiatives; 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 Web Security service that protects against malicious web activity initiated by user action or malware and blocks access to inappropriate websites based on acceptable use policies. In addition, the company's Cyber Resilience Extensions also comprise Mimecast Secure Messaging, a secure and private channel to share sensitive information; Mimecast Privacy Pack, which prevents breaches and protects against data exfiltration transmissions; and Large File Send that enables employees to create security and compliance risks when they turn to file sharing services. Further, it provides Threat Intelligence Dashboard, which displays cyber threat data specific to an organization by identifying users who pose the greatest cyber risk; and Mimecast Mobile and Desktop Apps for mobile, PC, and Mac users, as well as engages in data center operations to support Canadian and global customers. The company sells its services through direct sales and channel partners. Mimecast Limited was founded in 2003 and is headquartered in London, the United Kingdom.

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