Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Mulesoft (NASDAQ:MULE) Share Price
News articles about Mulesoft (NASDAQ:MULE) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Mulesoft earned a daily sentiment score of 0.22 on Accern’s scale. Accern also assigned news stories about the company an impact score of 45.8664279830986 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Zacks: Analysts Anticipate Mulesoft Inc (NASDAQ:MULE) Will Post Earnings of -$0.17 Per Share (americanbankingnews.com)
- MuleSoft, Inc. (MULE) closes with a move of 8.03%, Radcom Ltd. (RDCM) noted a price change of -3.03% – Stocks Gallery (stocksgallery.com)
- MuleSoft, Inc. (MULE) Becomes Oversold as a consequence of the RSI 21.23 fact – Voice Of Analysts (analystsbuzz.com)
- Mulesoft’s (MULE) “Hold” Rating Reiterated at Barclays PLC (americanbankingnews.com)
- Critical Levels To Breach: MuleSoft, Inc. (MULE), Spirit Airlines, Inc. (SAVE) – AllStockNews (allstocknews.com)
Shares of Mulesoft (MULE) traded up 3.03% on Friday, reaching $21.75. The company had a trading volume of 453,872 shares. The firm’s market cap is $2.80 billion. The company has a 50-day moving average price of $24.86 and a 200-day moving average price of $24.14. Mulesoft has a one year low of $19.52 and a one year high of $29.00.
Mulesoft (NASDAQ:MULE) last released its earnings results on Thursday, July 27th. The company reported ($0.15) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.01. The company 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 155.59% and a negative net margin of 16.65%. The business’s revenue was up 57.3% on a year-over-year basis. On average, analysts expect that Mulesoft will post ($0.39) earnings per share for the current fiscal year.
MULE has been the topic of a number of research analyst reports. Zacks Investment Research lowered Mulesoft from a “hold” rating to a “sell” rating in a report on Tuesday, June 13th. Oppenheimer Holdings, Inc. initiated coverage on Mulesoft in a report on Thursday, June 8th. They set a “market perform” rating on the stock. William Blair reissued an “outperform” rating on shares of Mulesoft in a report on Sunday, April 23rd. CIBC initiated coverage on Mulesoft in a report on Thursday, June 8th. They set a “market perform” rating on the stock. Finally, Jefferies Group LLC reissued a “buy” rating on shares of Mulesoft in a report on Friday, May 5th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $25.86.
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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