Mulesoft (MULE) Getting Somewhat Favorable News Coverage, Accern Reports
News stories about Mulesoft (NYSE:MULE) have trended somewhat positive this week, according to Accern. The research group ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Mulesoft earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 46.4214432430599 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- MuleSoft, Inc. (MULE) – Lookout Unusual Volume stock – Wall Street Morning (wallstreetmorning.com)
- Coming Out Of Shadows? MuleSoft, Inc. (MULE), Andeavor (ANDV) – Market Movers (financialqz.com)
- MuleSoft, Inc. (MULE) Names Yvonne Wassenaar & Marcus Ryu to Board – StreetInsider.com (streetinsider.com)
- MuleSoft Selected to Join the Australian Federal Government Digital Transformation Agency Cloud Services Panel (cmo.com.au)
- Mulesoft Inc (MULE) Major Shareholder Barry Eggers Sells 32,495 Shares (americanbankingnews.com)
MULE has been the topic of a number of research reports. Goldman Sachs Group upgraded Mulesoft from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $24.00 to $26.00 in a research report on Monday, October 9th. BidaskClub cut Mulesoft from a “hold” rating to a “sell” rating in a research report on Friday, November 10th. Barclays upped their price target on Mulesoft from $24.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, October 27th. Piper Jaffray Companies reiterated a “buy” rating on shares of Mulesoft in a research report on Tuesday, October 24th. Finally, Zacks Investment Research cut Mulesoft from a “hold” rating to a “sell” rating in a research report on Saturday, November 4th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $27.89.
Shares of Mulesoft (MULE) opened at $21.49 on Friday. Mulesoft has a 1 year low of $19.40 and a 1 year high of $29.00.
Mulesoft (NYSE:MULE) last announced its earnings results on Thursday, October 26th. The company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.17) by $0.04. The company had revenue of $77.60 million for the quarter, compared to analysts’ expectations of $71.52 million. Mulesoft had a negative return on equity of 49.63% and a negative net margin of 25.84%. The company’s revenue was up 57.1% compared to the same quarter last year. analysts expect that Mulesoft will post -0.64 EPS for the current fiscal year.
In other news, major shareholder Ross Mason sold 125,000 shares of the company’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $23.27, for a total transaction of $2,908,750.00. Following the transaction, the insider now owns 125,000 shares of the company’s stock, valued at $2,908,750. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Ventures Fund I. L.P. Sapphire sold 1,100,000 shares of the company’s stock in a transaction on Monday, October 9th. The shares were sold at an average price of $21.47, for a total value of $23,617,000.00. The disclosure for this sale can be found here. Insiders have sold 1,877,902 shares of company stock worth $41,578,218 in the last 90 days.
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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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