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Fly News Breaks for February 25, 2020
MIME
Feb 25, 2020 | 05:23 EDT
Mimecast as its inaugural analyst day provided an "impressive" long-term roadmap which expects revenue growth of 17%-21% and free cash flow margin of 23%-25% in fiscal 2023 through 2025, Jefferies analyst Brent Thill tells investors in a research note. The outlook demonstrates increased confidence in sustainable long-term growth driven by upsells, product portfolio expansion, moving up market and displacement of legacy players, says the analyst. Mimecast remains one of his top small cap picks with a Buy rating and $60 price target.
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