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Fly News Breaks for February 11, 2020
MIME
Feb 11, 2020 | 08:00 EDT
Oppenheimer analyst Shaul Eyal raised his price target for Mimecast to $58 from $53 and reiterated an Outperform rating on the shares following "solid" Q3 results. The analyst notes that the "strong" performance was driven by high customer retention and the addition of 800 net new customers. Key drivers such as an enhanced regulatory/compliance environment, the increasing complexity of cyber-security threats and a shortage of cyber-security professionals remain robust, he adds.
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