Mulesoft (MULE) Getting Somewhat Favorable Media Coverage, Study Finds
Media coverage about Mulesoft (NASDAQ:MULE) has trended somewhat positive on Monday, Accern Sentiment Analysis reports. The research firm scores the sentiment of news coverage by analyzing 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 closest to one being the most favorable. Mulesoft earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 45.5300543930494 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news headlines that may have effected Accern’s scoring:
- Zacks Investment Research Upgrades Mulesoft Inc (MULE) to “Hold” (americanbankingnews.com)
- Software Executive Michael DiFilippo Joins ServiceRocket’s Board of Directors (enhancedonlinenews.com)
- Narrowing in on the Signals for Mulesoft Inc. Class A Common Stock (MULE) – Wall Street Review (thewallstreetreview.com)
- Stocks Entering Oversold Region: MuleSoft, Inc. (NYSE:MULE) – NASDAQ Times (nasdaqtimes.com)
- Mulesoft Inc’s (MULE) Lock-Up Period Will End on September 13th (americanbankingnews.com)
Mulesoft (MULE) traded up 0.78% on Monday, hitting $22.01. The stock had a trading volume of 497,661 shares. Mulesoft has a 52-week low of $19.52 and a 52-week high of $29.00. The company has a 50 day moving average price of $21.97 and a 200-day moving average price of $23.48. The company’s market cap is $2.84 billion.
Mulesoft (NASDAQ:MULE) last posted its quarterly earnings results on Thursday, July 27th. The company reported ($0.15) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.16) by $0.01. The business had revenue of $69.20 million for 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 business’s revenue was up 57.3% on a year-over-year basis. On average, equities research analysts predict that Mulesoft will post ($0.39) earnings per share for the current year.
A number of equities research analysts have recently commented on the company. Zacks Investment Research raised Mulesoft from a “sell” rating to a “hold” rating in a research note on Friday. Piper Jaffray Companies reaffirmed a “buy” rating and set a $27.00 price target on shares of Mulesoft in a report on Monday, August 14th. Barclays PLC reaffirmed a “hold” rating and set a $24.00 price target on shares of Mulesoft in a report on Wednesday, August 2nd. William Blair reaffirmed an “outperform” rating on shares of Mulesoft in a report on Sunday, July 30th. Finally, CIBC assumed coverage on Mulesoft in a report on Thursday, June 8th. They set a “market perform” rating on the stock. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $25.43.
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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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