Although Mimecast (MIME) continues to post strong growth figures despite the company gaining scale, the stock has taken a hit since reporting Q4 earnings. Revenue came in slightly above consensus estimates, whereas earnings fell a bit short. With the shares down over 10% since reporting earnings, I believe MIME still represents an attractive buying opportunity given relative valuation compared to their closest competitor Proofpoint (PFPT) remains close.
These two are widely seen as the top two leaders in the email security market, and both trade at mid single-digit forward revenue multiples.