Mulesoft (MULE) Receiving Somewhat Negative Media Coverage, Report Shows
Press coverage about Mulesoft (NYSE:MULE) has trended somewhat negative this week, Accern Sentiment Analysis reports. Accern identifies negative and positive 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 -1 to 1, with scores nearest to one being the most favorable. Mulesoft earned a media sentiment score of -0.01 on Accern’s scale. Accern also assigned news articles about the company an impact score of 44.5822009091226 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- New Market Report: Internet of Things (IoT) Data Management Market – Global forecast to 2022 (reports.pr-inside.com)
- MuleSoft : Named to Deloitte’s 2017 Technology Fast 500™ for Fifth Consecutive Year (4-traders.com)
- Mulesoft Inc. (MULE) Director Sells $151,113.27 in Stock (americanbankingnews.com)
- Analyzing Mulesoft (MULE) and The Competition (americanbankingnews.com)
- ETFs with exposure to MuleSoft, Inc. : November 20, 2017 (finance.yahoo.com)
Several equities research analysts have recently issued reports on the stock. Barclays PLC reissued a “hold” rating and issued a $24.00 price objective on shares of Mulesoft in a research report on Wednesday, August 2nd. BidaskClub raised shares of Mulesoft from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Piper Jaffray Companies reissued a “buy” rating on shares of Mulesoft in a research report on Tuesday, October 24th. Zacks Investment Research upgraded shares of Mulesoft from a “sell” rating to a “hold” rating in a research note on Friday, September 8th. Finally, William Blair restated an “outperform” rating on shares of Mulesoft in a research note on Sunday, July 30th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. Mulesoft currently has a consensus rating of “Hold” and a consensus target price of $27.29.
Shares of Mulesoft (MULE) traded up $0.08 during mid-day trading on Friday, hitting $23.58. 695,574 shares of the stock traded hands, compared to its average volume of 1,489,185. Mulesoft has a fifty-two week low of $19.40 and a fifty-two week high of $29.00.
Mulesoft (NYSE:MULE) last announced its earnings results on Thursday, October 26th. The company reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.04. The business had revenue of $77.60 million during the quarter, compared to the consensus estimate of $71.52 million. Mulesoft had a negative net margin of 25.84% and a negative return on equity of 49.63%. Mulesoft’s revenue for the quarter was up 57.1% compared to the same quarter last year. analysts anticipate that Mulesoft will post -0.64 EPS for the current fiscal year.
In other Mulesoft news, major shareholder Ventures Fund I. L.P. Sapphire sold 1,100,000 shares of the stock in a transaction on Monday, October 9th. The shares were sold at an average price of $21.47, for a total transaction of $23,617,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mark C. Burton sold 6,573 shares of the stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $23.01, for a total transaction of $151,244.73. Following the transaction, the director now owns 6,573 shares in the company, valued at $151,244.73. The disclosure for this sale can be found here. Insiders sold 1,597,127 shares of company stock valued at $35,190,363 over the last 90 days.
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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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