Several brokerages have updated their recommendations and price targets on shares of Mulesoft (NASDAQ: MULE) in the last few weeks:

  • 8/14/2017 – Mulesoft had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $27.00 price target on the stock.
  • 8/2/2017 – Mulesoft was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “MuleSoft, Inc. owns and operates Anypoint Platform, an integration solution for connecting applications, data sources, and devices, both on-premises and in the cloud. Its hybrid integration platform includes iPaaS, ESB and a unified solution for API management, design and publishing. MuleSoft, Inc. is headquartered in San Francisco, California. “
  • 8/2/2017 – Mulesoft had its “hold” rating reaffirmed by analysts at Barclays PLC. They now have a $24.00 price target on the stock.
  • 7/30/2017 – Mulesoft had its “outperform” rating reaffirmed by analysts at William Blair.
  • 7/6/2017 – Mulesoft was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “MuleSoft, Inc. owns and operates Anypoint Platform, an integration solution for connecting applications, data sources, and devices, both on-premises and in the cloud. Its hybrid integration platform includes iPaaS, ESB and a unified solution for API management, design and publishing. MuleSoft, Inc. is headquartered in San Francisco, California. “

Shares of Mulesoft Inc (NASDAQ:MULE) opened at 20.70 on Wednesday. Mulesoft Inc has a 12-month low of $19.52 and a 12-month high of $29.00. The stock’s market cap is $2.67 billion. The firm has a 50-day moving average price of $23.58 and a 200 day moving average price of $23.86.

Mulesoft (NASDAQ:MULE) last announced its quarterly earnings data on Thursday, July 27th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.01. The firm had revenue of $69.20 million during the quarter, compared to the consensus estimate of $63.63 million. Mulesoft had a negative return on equity of 30.07% and a negative net margin of 28.36%. The firm’s quarterly revenue was up 57.3% on a year-over-year basis. Equities research analysts predict that Mulesoft Inc will post ($0.39) EPS for the current fiscal year.

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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