Favorable Press Coverage Somewhat Unlikely to Impact Mulesoft (MULE) Stock Price
Media stories about Mulesoft (NASDAQ:MULE) have been trending positive recently, according to Accern Sentiment. The research group identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Mulesoft earned a news impact score of 0.26 on Accern’s scale. Accern also gave press coverage about the company an impact score of 46.2048556355102 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Mulesoft (NASDAQ:MULE) opened at 20.26 on Friday. The company’s market cap is $2.61 billion. Mulesoft has a one year low of $19.52 and a one year high of $29.00. The firm’s 50-day moving average price is $21.18 and its 200-day moving average price is $23.36.
Mulesoft (NASDAQ:MULE) last issued its quarterly earnings results on Thursday, July 27th. The company reported ($0.15) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.01. The company had revenue of $69.20 million during the quarter, compared to analysts’ expectations of $63.63 million. Mulesoft had a negative return on equity of 30.07% and a negative net margin of 28.36%. The company’s revenue was up 57.3% on a year-over-year basis. On average, equities research analysts forecast that Mulesoft will post ($0.39) earnings per share for the current fiscal year.
Several research firms recently issued reports on MULE. Zacks Investment Research cut Mulesoft from a “hold” rating to a “sell” rating in a report on Tuesday, June 13th. Barclays PLC reiterated a “hold” rating and issued a $24.00 price target on shares of Mulesoft in a report on Wednesday, August 2nd. William Blair reiterated an “outperform” rating on shares of Mulesoft in a report on Sunday, July 30th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Mulesoft in a report on Monday, September 18th. Finally, CIBC began coverage on Mulesoft in a report on Thursday, June 8th. They set a “market perform” rating on the stock. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $25.43.
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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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