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Mimecast Ltd. (NASDAQ: MIME) is a cybersecurity company that came public in 2015. Earlier in the year quite a few analysts predicted that this industry would absolutely explode, considering how many major corporations were looking to secure their networks and customers. However this has not been the case. But as more cybersecurity firms enter the space, analysts are becoming increasingly stock specific.

In this case, analysts are now just able to weigh in on Mimecast and where it stands relative to other firms in the cybersecurity field.

The company was originally priced at $11 when it entered the market, at the low end of the expected price range of $11 to $12. Since the stock entered the market, it is actually down about 6% from its debut, though it is up 15% from the low.

This is a leading provider of next generation cloud security and risk management services for corporate information and email. Its fully integrated suite of proprietary cloud services protects customers of all sizes from the significant business and data security risks to which their email system exposes them.

Mimecast protects customers from today’s rapidly changing threat landscape, where email has become a powerful attack vector and data leak concern. The company also mitigates the significant business disruption that email failure or downtime causes. Additionally, the archiving services secure, store and manage critical corporate communications and information to address growing compliance and e-discovery requirements and enable customers to use this increasing archive of information to improve employee productivity.

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