- Mimecast is a UK-based cybersecurity software company that focuses on protecting corporate email.
- The company has rallied since May on the back of strong results, yet the stock remains dramatically undervalued.
- Sitting at a <6x forward revenue multiple amid mid-teens growth and positive GAAP earnings, Mimecast is a rare blend of growth, value, and profitability.
- Mimecast is also the type of small-cap software company that is frequently targeted by private equity firms looking for small, profitable recurring revenue businesses.
For further details see:
Mimecast: The Best Ideas Aren't Mainstream