Media coverage about Mulesoft (NASDAQ:MULE) has trended positive this week, Accern reports. Accern rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Mulesoft earned a media sentiment score of 0.25 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 45.8311159466045 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have impacted Accern’s scoring:
- Research details developments in the platform as a service (PaaS) market that is expected to be growing with a CAGR of 28.7% (whatech.com)
- Mulesoft : D– Lighthouse API Management Platform (4-traders.com)
- MuleSoft, Inc. (MULE) -0.45% off from 200- SMA – Voice Of Analysts (analystsbuzz.com)
- Integrated Platform as a Service (IPaaS) Market: Emergence of Advanced Technologies and Global Industry Analysis (openpr.com)
- How expensive a MuleSoft, Inc. (MULE) stock is? – Street Observer (press release) (streetobserver.com)
MULE has been the topic of several recent analyst reports. Piper Jaffray Companies reissued a “buy” rating and issued a $27.00 target price on shares of Mulesoft in a report on Monday, August 14th. Goldman Sachs Group, Inc. (The) raised Mulesoft from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $24.00 to $26.00 in a report on Monday, October 9th. Zacks Investment Research raised Mulesoft from a “sell” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub downgraded Mulesoft from a “hold” rating to a “sell” rating in a report on Saturday, September 23rd. Finally, Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Mulesoft in a report on Monday, September 18th. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $26.00.
Mulesoft (MULE) opened at 22.48 on Tuesday. The company has a 50-day moving average of $21.13 and a 200 day moving average of $23.11. The company’s market cap is $2.90 billion. Mulesoft has a 52-week low of $19.40 and a 52-week high of $29.00.
Mulesoft (NASDAQ:MULE) last issued its earnings results on Thursday, July 27th. The company reported ($0.15) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.01. Mulesoft had a negative net margin of 28.36% and a negative return on equity of 30.07%. The firm had revenue of $69.20 million for the quarter, compared to analyst estimates of $63.63 million. The company’s quarterly revenue was up 57.3% compared to the same quarter last year. Equities research analysts predict that Mulesoft will post ($0.39) EPS for the current year.
In other Mulesoft news, major shareholder Ventures Fund I. L.P. Sapphire sold 1,100,000 shares of the firm’s stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $21.47, for a total value of $23,617,000.00. The sale was disclosed in a document filed with the SEC, which is available at this link.
Mulesoft Company Profile
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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