|Bid||50.09 x 3000|
|Ask||50.12 x 900|
|Day's Range||49.85 - 51.20|
|52 Week Range||33.67 - 54.57|
|Beta (5Y Monthly)||1.16|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 09, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||56.53|
LEXINGTON, Mass., Jan. 13, 2020 -- Mimecast Limited (NASDAQ: MIME), a leading email and data security company, today announced it will issue a press release reporting financial.
Intensified U.S.-Iran tensions have raised cybersecurity concerns given the previous cyber-attacks launched by the latter. This should give a boost to cybersecurity stocks.
2020 just kicked off, but investors aren’t wasting any time. Rolling up their sleeves and getting straight down to business, they know the race is on to find the stocks ready to speed past the rest in the year ahead. To spot these investment opportunities, Wall Street pros recommend taking a step back and focusing on the bigger picture, telling investors to pay close attention to both upside potential and what the analyst community has to say.With this strategy in mind, what’s the next step? For us, it was to take advantage of TipRanks’ investing tools. The platform’s Stock Screener tool let us filter our search results by analyst consensus, price target upside and Smart Score (TipRanks’ numerical score made up of 8 metrics to measure the strength of an investment).As a result, we were able to pinpoint 3 stocks flagged by the Street’s analysts as potential winners, with each boasting a “Strong Buy” consensus rating. Not to mention each has a top Smart Score, at least an 8 out of 10. Here’s the scoop.BioMarin Pharmaceutical (BMRN)With seven products currently on the market as well as an impressive development pipeline, BioMarin has cemented its status as a biopharma heavyweight. While 2019 saw the company falter, this could be BMRN’s year according to some members of the Street.Part of the excitement surrounding the company is based on the recent positive Phase 3 study data for its vosoritide therapy in achondroplasia, a disorder characterized by dwarfism, which was announced on December 16. During the study, the drug was able to meet the primary endpoint for growth velocity after one year, with it demonstrating an increase of 1.6 cm/year compared to the placebo. On top of this, vosoritide was generally well tolerated and the results were consistent across the study.According to Cantor analyst Eliana Merle, the news puts BMRN in a solid position going into 2020, noting, “We think this sets up for 2020-2021 to be a key inflection for BMRN with two regulatory submissions/potential product launches between vosoritide and valrox (hemophilia A gene therapy).”Should the drug receive approval, Merle estimates about $700 million in peak unadjusted sales. While pointing out that the question of reimbursement has been raised, she argues that the “clean data, coupled with the building body of evidence from long-term Ph2 data and younger patient studies will help support reimbursement discussions.” Bearing this in mind, the analyst left the Overweight rating and $129 price target unchanged. (To watch Merle’s track record, click here)Like Merle, Wedbush’s Liana Moussatos sees vosoritide approval as very likely. However, she attached a more aggressive price target along with her Outperform rating. Lifting the target by $1 to $158, the analyst thinks an 88% twelve-month gain could be in the cards. (To watch Moussatos’ track record, click here)In general, the rest of the Street appears to echo the analysts’ sentiment. With 13 Buys and 3 Holds assigned in the last three months, the verdict is that BMRN is a Strong Buy. Based on the $111.71 average price target, the upside potential lands at 33%, with the stock also sporting an 8 Smart Score. (See BioMarin stock analysis on TipRanks)GoDaddy Inc. (GDDY)GoDaddy provides an all-in-one solution with everything customers need to design the perfect website, from domains to hosting and online marketing. On the heels of its solid Q3 performance, some analysts are placing their bets on GDDY.During the quarter, the company impressed with its $851 million in gross bookings, surpassing the $828.7 million consensus estimate. Not only did the figure beat the estimate, but growth accelerated 180 basis points from the second quarter. Adding to the good news, its customer count increased by 140,000 sequentially and 4.6% year-over-year to reach 19.1 million. While uFCF came in below the estimate, one analyst tells investors that he remains fully onboard.Piper Jaffray’s Michael Olson cites GDDY’s “long-term growth and sticky revenue, along with opportunities for up/cross-selling and M&A” as putting it on the path to success. To this end, the five-star analyst decided to stay with the bulls, keeping the rating as Overweight along with a $91 price target, which leaves room for possible upside of 32%. (To watch Olson’s track record, click here)Meanwhile, Brent Thill of Jeffries cites his meeting with new CEO Aman Bhutani as the reason for his optimism. Calling the company one of his favorite mid-cap names, the analyst believes Bhutani’s “strong product background should help GDDY become a more comprehensive software provider with higher ARPU.” Additionally, he notes that the CEO won’t sacrifice margins even as the speed of product innovations accelerates. Following the meeting, Thill reiterated the Buy recommendation and $95 price target, implying 38% upside potential. (To watch Thill’s track record, click here)Looking at the consensus breakdown, it’s clear that the broader analyst community is on the same page. Out of 8 total analysts covering the stock, 100% were bullish, making the consensus a unanimous Strong Buy. If that wasn’t enough, GDDY boasts an 8 Smart Score and upside potential of 31% thanks to the $89.86 average price target. (See GoDaddy stock analysis on TipRanks)Mimecast Ltd. (MIME)In an age in which cyberattacks have become a very real and prevalent threat, Mimecast wants to protect customers by offering email security and compliance solutions through its integrated cloud-based platform. Following a strong 2019 performance, one analyst believes an encore could be in store.Berenberg Bank’s Joshua Tilton is singing MIME’s praises because of its “consistent execution and best-in-class product.” He argues that the company has been able to produce consistent results as its customer count grew by 800 new logos and its net retention rate stayed at 110%. In addition, he sees its new strategy as a key point of strength.“We believe the new security 3.0 strategy, with its zone-based approach, will help new mid-to-large organizations adopt more products faster. Current ARPU stands at $37. If this new approach can drive increased adoption of IEP, Awareness Training, and Web Security, we estimate the TAM will double for each of these new customers,” Tilton noted.MIME’s progress with regards to its enterprise segment also plays into the analyst’s bullish thesis. During its most recent quarter, 30 transactions were above six figures and average order value rose to 11,700, up 14% year-over-year. Tilton added, “Supported by a technologically superior offering, we expect MIME to continue its penetration of the enterprise base as management reallocates resources from the lower end of the market.”It’s no surprise, then, that Tilton reiterated the Buy rating and $59 price target. At this target, shares could climb 32% higher in the coming twelve months. (To watch Tilton’s track record, click here)What does the rest of the Street have to say? As it turns out, other analysts are in agreement. 7 Buys and a single Hold add up to a Strong Buy consensus rating. The $56.43 average price target puts the upside potential just below Tilton’s forecast at 26%. However, it should be noted that MIME earns a perfect 10 Smart Score. (See Mimecast stock analysis on TipRanks)
Mimecast Limited (MIME), a leading email and data security company, today announced the acquisition of Segasec, a provider of digital threat protection. With this innovative technology, Mimecast customers can better defend against attacks that leverage fake websites and domains for credential harvesting of their customers, employees, partners, and 3rd party vendors within their supply chains. With the acquisition of Segasec, Mimecast can provide brand exploit protection using machine learning to identify potential hackers at the earliest stages of an attack.
Hedge funds are known to underperform the bull markets but that's not because they are bad at investing. Truth be told, most hedge fund managers and other smaller players within this industry are very smart and skilled investors. Of course, they may also make wrong bets in some instances, but no one knows what the […]
How do you beat the market? You take some risks along the way. Naturally, with added risk, as well as greater returns, you open yourself up to potential losses.As we move into 2020, and following a bountiful 2019, it can be hard to tell what the right investment is. Should you pick a stock that has great fundamentals, but for one reason or another has lagged behind the market? Or a beaten-down stock no one has picked up on? That’s one strategy that includes an amount of risk, for sure.Or maybe a stock that has outperformed the market but still hasn’t attained the status it deserves? With this in mind, and with the new decade in sight, we decided to look at three stocks that beat the market in 2019, but ones whom, according to the Street, are set to add more muscle in 2020.Coincidentally, according to TipRanks, a company that tracks and measures the performance of analysts, all three currently have a Strong Buy consensus rating. Let’s get started.Mimecast Ltd. (MIME)Up by 31% year-to-date and, therefore, just beating the S&P 500’s 29% yearly gain, is cyber security firm, Mimecast. The London, UK, based company offers email and data protection through its cloud-based subscription service.The cybersecurity sector is a crowded one, with many companies competing for a chunk of the expanding market. The recent earnings season was an uneven one for several cybersecurity players, but Mimecast posted impressive results and outperformed the high end of its guidance. Among the highlights were revenue of $103.4 million, an increase of 29% year-over-year in constant currency, and a beat of the estimate’s $101.7 million. Mimecast’s success in moving up market was demonstrated by the addition of large accounts, with 30 transactions over six figures. With the addition of 800 subscriptions, Mimecast now serves 36,100 customers across 138 countries globally.RBC’s Matthew Hedberg is a fan of the company’s “diverse portfolio of mission critical assets,” and believes its “global footprint should allow for continued success.” The 5-star analyst noted, “Mimecast participates in one of our favorite security markets of email protection, email archiving, and email continuity, and we believe a combination of a below-peer valuation and the potential to grow both revenue and margins above our estimates makes Mimecast an attractive investment.”To this end, Hedberg reiterated an Outperform rating on Mimecast, while also raising his price target from $55 to $57. The target price indicates potential upside of 30%. (To watch Hedberg’s track record, click here)Mimecast has other fans on the Street, too. 7 Buys and 1 Hold rating given over the last three months provides the email security specialist with a Strong Buy consensus rating. The average price target of $56.43 is just below Hedberg’s and implies gains of 29.7% in the coming year. (See Mimecast stock analysis on TipRanks) Penumbra Inc (PEN)Just a little further up the 2019 gains ladder, is medical device maker Penumbra. Specializing in innovative neuro and peripheral vascular therapies, PEN is seeing out the year with a 33% increase to its share price.A technology leader in mechanical thrombectomy, the company’s two lead products, the Penumbra System (neurovascular) and the Indigo System (peripheral vascular), both remove blood clots, and are in a large and unpenetrated market, estimated to be worth roughly $3.1 billion.Penumbra has a massive market to address in the treatment of ischemic strokes, too, believed by the company to be worth $7 billion worldwide, and $0.8 billion in the US alone. In July, PEN released its most advanced technology to date – the Penumbra JET 7 Reperfusion Catheter, which is to be used with the Penumbra ENGINE, a system that allows physicians to extract thrombus in acute ischemic stroke patients.RBC’s Brandon Henry believes PEN’s systems are “superior to the competition.” The analyst noted, “Our model assumes that PEN will grow its revenues in the high teens over the next three years. We assume that it will have low salesforce turnover and continue to innovate its existing product lines, particularly JET-ENGINE and the Indigo System. Additionally, we assume that PEN’s Peripheral Vascular segments will grow more quickly than the market, as the company continues to take share despite competition.”Therefore, Henry kept an Outperform rating on Pen, along with a target price of $192, implying potential upside of 18%. (To watch Henry’s track record, click here)It looks like the analysts are unanimous in their current appraisal of Penumbra. The technology leader has a Strong Buy consensus rating, with a breakdown consisting solely of Buys – 5 in fact. The average price target comes in slightly higher than Henry’s, at $196.75, and indicates gains of 21%. (See Penumbra stock analysis on TipRanks) Quanta Services (PWR)Saving the best performer for last, we have Quanta Services. 2019 has delivered nice returns of 36% for the infrastructure services provider. With a workforce totaling 40,000, Quanta plans, installs, and maintains almost all types of network infrastructure.A report by the McKinsey Global Institute projects that over the next 15 years, $3.7 trillion per year will be spent on infrastructure projects, in various sectors such as telecom, water, power, and transport, directly benefitting companies of Quanta’s ilk. Quanta is also set to benefit from current macro trends; With more pipelines being constructed due to rising natural gas production and more wind and solar assets popping up that need new transmission lines, the company’s army of contractors is well-positioned to take its share of the sector’s workload.Quanta’s latest earnings report displayed record quarterly revenues, operating income, adjusted EBITDA, and adjusted EPS, causing management to raise its 2019 guidance. The figures and higher expectations were not lost on Deutsche Bank’s Chad Dillard, who said, “We remain constructive on the stock, given a continued focus on de-risking its business and a majority of its end markets seeing acceleration (base business, large projects, telecoms).”Accordingly, Dillard reiterated a Buy rating on PWR, while also raising his price target from $45 to $47. Should the target be met, investors stand to take home an extra 15% by the end of 2020. (To watch Dillard’s track record, click here)It appears the Street is confident in the power of PWR, too. All 5 analysts tracked by TipRanks over the last three months rate Quanta as a Buy, therefore bestowing Strong Buy status on the construction contractor. At $49.80, the average price target implies upside potential of 21%. (See Quanta stock-price forecast and analyst ratings on TipRanks) To find good ideas for stocks trading at fair value or better, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.
This chaos leads to inefficiency within supply chains and sets the stage for a variety of cyber threats like impersonation and opportunistic attacks, with stakeholders losing millions of dollars during the ordeal. Mimecast, a cyber resilience company, published a threat intelligence report that highlighted the sophistication behind the attacks on supply chains and sought to quell those risks by keeping stakeholders informed about future trends based on threat actors' current behavior, events and technology. FreightWaves spoke with Carl Wearn, head of e-crime at Mimecast, to understand the implications of such cyber threats on supply chains.
Mimecast (MIME), a leading email and data security company, today announced the release of added application visibility and control capabilities to its Mimecast Web Security service. Application Visibility and Control will help Mimecast customers overcome the challenge of Shadow IT by uncovering cloud app usage within their organizations and providing the necessary tools to control access.
Most investors tend to think that hedge funds and other asset managers are worthless, as they cannot beat even simple index fund portfolios. In fact, most people expect hedge funds to compete with and outperform the bull market that we have witnessed in recent years. However, hedge funds are generally partially hedged and aim at […]
Mimecast (MIME) today announced new research commissioned by IDG Research on the factors leading financial services organizations to reprioritize how they manage compliance. Financial services organizations like retail banks, investment firms and insurance companies have always operated under stringent regulations and controls.
LEXINGTON, Mass., Dec. 02, 2019 -- Mimecast Limited (NASDAQ: MIME), a leading email and data security company, announced today that Rafe Brown, Mimecast Chief Financial.
Mimecast Limited (MIME), a leading data security and compliance company, was identified as a Leader in the Gartner Magic Quadrant for Enterprise Information Archiving for the fifth year in a row. “New regulatory requirements, growing data volumes, and an ever-evolving threat landscape are all factors that outdated legacy archives are unable to handle,” said Mimecast Chief Strategy Officer, Christina Van Houten. Mimecast Cloud Archive provides an all-in-one service that integrates a highly secure data repository, built-in data recovery, storage management, and robust e-discovery and compliance capabilities.
Mimecast Limited (MIME), a leading email and data security company, today announced the availability of its quarterly Threat Intelligence Report: Risk and Resilience Insights. The report provides technical analysis from the Mimecast Threat Center from July -September 2019 on the nature of attack campaigns in addition to observations and analysis of evolving threats. Outlining the trends emerging from these identified attacks and assessing the current behavior of threat actors can help organizations better understand the impact these factors will have on the cybersecurity landscape in 2020. The Mimecast Threat Intelligence Report includes analysis of 207 billion emails processed by Mimecast, 99 billion of which were rejected.
If you're interested in Mimecast Limited (NASDAQ:MIME), then you might want to consider its beta (a measure of share...
Mimecast Limited (MIME), a leading email and data security company, today announced it has acquired DMARC Analyzer, a SaaS-based solution provider that offers user-friendly Domain-based Message Authentication, Reporting and Conformance (DMARC) setup, management and analysis. With this acquisition, Mimecast customers can address threats at the email perimeter, inside the email network, and beyond their immediate purview. DMARC Analyzer’s simple and effective service offerings help reduce the time, effort and cost of stopping domain spoofing attacks.
LEXINGTON, Mass., Nov. 12, 2019 -- Mimecast Limited (NASDAQ: MIME), a leading email and data security company, announced today that Rafe Brown, Mimecast’s Chief Financial.
Second Quarter Highlights Total revenue of $103.4 million grew 26% yoy on a GAAP basis and 29% in constant currencyAdded 800 net new customers. Total customers 36,100.
Mimecast Limited (MIME), a leading email and data security company, announced three new executive appointments to help drive the company’s next phase of growth. Heather Bentley, formerly of Symantec, will join Mimecast as the new Senior Vice President of Customer Success; Susan Vaillancourt, previously with Optiv, joins as the Vice President of Brand Strategy; and Alpna J. Doshi joins the Board of Directors.
Mimecast services limited, a leading email and data security company, announced the opening of its new UK head-office in 1 Finsbury Avenue at Broadgate in London. The new multi-million-pound 79,000 square foot site demonstrates the cybersecurity expert’s commitment to the UK market and continued interest in hiring top talent in the sector. The expansion will further the investment in Mimecast’s research & development teams, creating up to 100 new jobs.
Mimecast (MIME) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.