Media coverage about Mulesoft (NYSE:MULE) has been trending somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Mulesoft earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned news stories about the company an impact score of 45.7636817681381 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news stories that may have effected Accern’s rankings:
- MuleSoft, Inc. (MULE) – Analyst rating score stands at 1.70 – Nasdaq Fortune (press release) (nasdaqfortune.com)
- Is the Stock Safe to Invest? – MuleSoft Inc (NYSE: MULE) – Stocks Market Cap (stocksmarketcap.com)
- MuleSoft, Inc. (MULE) -Noticeable Buzzer | Nasdaq Fortune – Nasdaq Fortune (press release) (nasdaqfortune.com)
- MuleSoft, Inc. (MULE) -Noticeable Buzzer – Nasdaq Fortune (press release) (nasdaqfortune.com)
- Trend Analysis – MuleSoft Inc (NYSE: MULE) – Stocks Pen (stockspen.com)
A number of equities research analysts have recently weighed in on MULE shares. UBS upgraded Mulesoft from a “market perform” rating to an “outperform” rating and set a $30.00 price target on the stock in a research note on Wednesday, November 29th. Oppenheimer upgraded Mulesoft from a “market perform” rating to an “outperform” rating and set a $30.00 price target on the stock in a research note on Wednesday, November 29th. Zacks Investment Research lowered Mulesoft from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. Barclays upgraded Mulesoft from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $28.00 to $29.00 in a research note on Monday, January 8th. Finally, Nomura started coverage on Mulesoft in a research note on Tuesday, January 23rd. They set a “buy” rating and a $30.00 price target on the stock. Two analysts have rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company’s stock. Mulesoft has a consensus rating of “Buy” and an average price target of $31.20.
Mulesoft (NYSE:MULE) last issued its earnings results on Thursday, February 15th. The company reported ($0.12) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.07. The firm had revenue of $88.70 million for the quarter, compared to analyst estimates of $83.56 million. Mulesoft had a negative return on equity of 32.10% and a negative net margin of 26.98%. Mulesoft’s revenue for the quarter was up 60.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.10) earnings per share. analysts expect that Mulesoft will post -0.63 earnings per share for the current fiscal year.
In related news, Director Gary Little sold 21,826 shares of the company’s stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $24.21, for a total value of $528,407.46. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Mark Dao sold 37,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $34.08, for a total value of $1,278,000.00. Following the completion of the sale, the insider now owns 38,970 shares in the company, valued at approximately $1,328,097.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 457,614 shares of company stock worth $13,814,363.
MuleSoft, Inc is engaged in providing a software platform that connects a range of technologies. The Company enables organizations to manage and secure the flow of data between all systems in the enterprise. The Company offers organizations to create agile infrastructures. The Company has developed Anypoint Platform.
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