Mulesoft (MULE) Earning Somewhat Favorable News Coverage, Analysis Shows

Media headlines about Mulesoft (NYSE:MULE) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Mulesoft earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave news headlines about the company an impact score of 45.3029788248654 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:

Mulesoft (NYSE:MULE) opened at $24.69 on Friday. The stock has a market capitalization of $3,210.00 and a P/E ratio of -34.29. 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) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 business’s revenue was up 57.1% on a year-over-year basis. analysts predict that Mulesoft will post -0.64 earnings per share for the current fiscal year.

MULE has been the subject of a number of research reports. Oppenheimer raised Mulesoft from a “market perform” rating to an “outperform” rating and set a $30.00 price objective for the company in a research note on Wednesday, November 29th. Goldman Sachs Group raised Mulesoft from a “neutral” rating to a “buy” rating and raised their price objective for the company from $24.00 to $26.00 in a research note on Monday, October 9th. Barclays raised Mulesoft from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $28.00 to $29.00 in a research report on Monday. Zacks Investment Research cut Mulesoft from a “hold” rating to a “sell” rating in a research report on Saturday, November 4th. Finally, BidaskClub cut Mulesoft from a “hold” rating to a “sell” rating in a research report on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $28.00.

In related news, major shareholder Barry Eggers sold 32,495 shares of Mulesoft stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $21.57, for a total transaction of $700,917.15. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Gary Little sold 21,238 shares of Mulesoft stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $22.01, for a total value of $467,448.38. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 821,313 shares of company stock worth $18,974,208.

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About Mulesoft

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.

Insider Buying and Selling by Quarter for Mulesoft (NYSE:MULE)

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