- Shares of Mimecast have rallied ~25% year to date, beating the S&P 500 and jumping recently in September as well after a fantastic fiscal Q1 earnings report.
- The company's revenue growth has consistently clocked in the mid-20s, while Mimecast has also made constant progress on margin expansion.
- Its adjusted EBITDA margin of 27% is enviable for a software company of its relatively small scale.
- Mimecast addresses a massive $25 global TAM, and it claims $1 billion of market opportunity alone in upselling its existing ~40k customers.
- Trading at just ~7x this year's revenue, Mimecast still has plenty of room to ride higher.
For further details see:
Mimecast: There's A Reason For This Rally