Zacks: Analysts Expect Mulesoft Inc (NASDAQ:MULE) Will Announce Quarterly Sales of $71.50 Million
Wall Street brokerages forecast that Mulesoft Inc (NASDAQ:MULE) will post sales of $71.50 million for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Mulesoft’s earnings. The highest sales estimate is $71.53 million and the lowest is $71.47 million. The firm is scheduled to announce its next earnings results on Thursday, October 26th.
According to Zacks, analysts expect that Mulesoft will report full year sales of $71.50 million for the current financial year, with estimates ranging from $279.49 million to $280.30 million. For the next fiscal year, analysts anticipate that the company will post sales of $376.24 million per share, with estimates ranging from $367.99 million to $390.40 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Mulesoft.
Mulesoft (NASDAQ:MULE) last posted its quarterly earnings data on Thursday, July 27th. The company reported ($0.15) earnings per share (EPS) 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 net margin of 16.65% and a negative return on equity of 155.59%. The firm’s quarterly revenue was up 57.3% compared to the same quarter last year.
Several equities research analysts have recently issued reports on the stock. William Blair restated an “outperform” rating on shares of Mulesoft in a report on Sunday, July 30th. Barclays PLC reiterated a “hold” rating and set a $24.00 price objective on shares of Mulesoft in a report on Wednesday, August 2nd. Goldman Sachs Group, Inc. (The) started coverage on shares of Mulesoft in a report on Tuesday, April 11th. They issued a “neutral” rating and a $22.00 price target for the company. Canaccord Genuity started coverage on shares of Mulesoft in a report on Tuesday, April 11th. They issued a “hold” rating and a $24.00 price target for the company. Finally, Jefferies Group LLC started coverage on shares of Mulesoft in a report on Tuesday, April 11th. They issued a “buy” rating and a $29.00 price target for the company. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $25.86.
Several large investors have recently bought and sold shares of the stock. Gilder Gagnon Howe & Co. LLC acquired a new stake in Mulesoft during the first quarter valued at approximately $30,691,000. Janus Capital Management LLC purchased a new position in shares of Mulesoft during the first quarter worth about $4,126,000. Laurion Capital Management LP purchased a new position in shares of Mulesoft during the first quarter worth about $1,095,000. Morgan Stanley purchased a new position in shares of Mulesoft during the first quarter worth about $12,477,000. Finally, SG Americas Securities LLC purchased a new position in shares of Mulesoft during the first quarter worth about $183,000.
Shares of Mulesoft (NASDAQ:MULE) opened at 22.07 on Tuesday. Mulesoft has a 1-year low of $19.52 and a 1-year high of $29.00. The firm has a 50-day moving average of $24.86 and a 200 day moving average of $24.14. The company’s market capitalization is $2.84 billion.
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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