Equities analysts forecast that Mulesoft Inc (NASDAQ:MULE) will post earnings of ($0.16) per share for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Mulesoft’s earnings. The highest EPS estimate is ($0.16) and the lowest is ($0.17). The firm is expected to issue its next earnings report after the market closes on Thursday, August 3rd.
On average, analysts expect that Mulesoft will report full-year earnings of ($0.54) per share for the current financial year, with EPS estimates ranging from ($0.55) to ($0.52). For the next fiscal year, analysts forecast that the business will report earnings of ($0.60) per share, with EPS estimates ranging from ($0.68) to ($0.49). Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Mulesoft.
MULE has been the subject of a number of research analyst reports. Jefferies Group LLC reiterated a “buy” rating on shares of Mulesoft in a research report on Friday, May 5th. William Blair reiterated an “outperform” rating on shares of Mulesoft in a research report on Monday, May 15th. Zacks Investment Research downgraded Mulesoft from a “hold” rating to a “sell” rating in a research report on Tuesday, June 13th. Piper Jaffray Companies initiated coverage on Mulesoft in a research report on Tuesday, April 11th. They set an “overweight” rating and a $30.00 price target for the company. Finally, Bank of America Corporation initiated coverage on Mulesoft in a research report on Tuesday, April 11th. They set a “neutral” rating and a $27.00 price target for the company. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $26.00.
Mulesoft (NASDAQ:MULE) traded up 2.49% on Monday, hitting $25.97. 211,765 shares of the stock were exchanged. The company has a 50-day moving average price of $25.25 and a 200-day moving average price of $24.05. Mulesoft has a 52-week low of $21.17 and a 52-week high of $29.00. The firm’s market cap is $3.34 billion.
A number of hedge funds have recently added to or reduced their stakes in the company. Strs Ohio purchased a new stake in Mulesoft during the first quarter worth $121,000. AO Asset Management LLC purchased a new stake in Mulesoft during the first quarter worth $122,000. Nationwide Fund Advisors purchased a new stake in Mulesoft during the first quarter worth $146,000. SG Americas Securities LLC purchased a new stake in Mulesoft during the first quarter worth $183,000. Finally, Sumitomo Mitsui Asset Management Company LTD purchased a new stake in Mulesoft during the first quarter worth $218,000.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Mulesoft Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mulesoft Inc and related companies with MarketBeat.com's FREE daily email newsletter.