Mimecast (MIME), the UK-based cybersecurity stock that focuses on email security, has long been one of my favorite value stocks to double down on amid volatile markets. Even as the market continues to consolidate around the "momentum" trades that have outperformed vastly all year, my strategy amid a downturn remains the same: buy high-quality, recurring-revenue businesses with proven technology leadership in its category at reasonable valuations. Mimecast fits these criteria perfectly.
Unfortunately, it seems the coronavirus is impacting Mimecast more deeply than investors originally thought. Despite beating Wall Street's expectations in Mimecast's fiscal