Source: knowyourmeme
Mimecast's (MIME) evolution outside of email security is promising. There is a strong demand for its security offerings. Financially, it isn't as unprofitable and leveraged as most peers. Lastly, the company doesn't have the most attractive balance sheet. As a result, Mimecast provides a balanced risk/reward at the current price. I will be initiating a Hold rating with a PT of $50.
Consumers/Demand (Rating: Bullish)
Source: Mimecast
Mimecast provides security solutions primarily targeted at the email market. Emails remain the largest SaaS product, according to Nikesh Aurora of Palo Alto Networks