Salesforce, MuleSoft agree to $6.5 billion merger

What Is MuleSoft and Why Does Salesforce Want to Buy It

Oppenheimer increased their price target on Mulesoft from $32.00 to $38.00 and gave the company an "outperform" rating in a research note on Tuesday, March 6th. (NYSE:MULE) rating on Friday, October 27.

3/21/2018-Canaccord Genuity was Downgraded by analysts at Canaccord Genuity from a "Buy " rating to a " Hold" rating. The lower price P/S ratio indicates attractive the investment. The firm earned "Buy" rating on Monday, July 24 by Piper Jaffray. On Tuesday, April 11 the stock rating was initiated by Bank of America with "Neutral". BlackRock Inc. now owns 1,922,230 shares of the company's stock worth $44,711,000 after acquiring an additional 474,837 shares during the last quarter. (NYSE:MULE) on Wednesday, March 21 to "Market Perform" rating.

MuleSoft, Inc is engaged in providing a software platform that connects a range of technologies. The rating was upgraded by JP Morgan on Friday, February 16 to "Overweight".

The Manufacturers Life Insurance Company lifted its position in shares of Mulesoft Inc (NYSE:MULE) by 618.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The company was downgraded on Wednesday, March 21 by J.P. Morgan. (NYSE:MULE) rating on Wednesday, November 29. The rating was maintained by Piper Jaffray on Friday, February 16 with "Buy". MULE has diverse figures for different time frames; starting from week's performance it going forward toward positive percentage of 25.71% in last five regular trading sessions. About 40.77 million shares traded or 1968.23% up from the average. MuleSoft, Inc. (MULE) has 0.00% since March 21, 2017 and is. It has underperformed by 16.70% the S&P500.

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Insiders own 0.70% of MuleSoft, Inc.

Salesforce late Tuesday confirmed the reports that it is buying MuleSoft in a deal valued at $6.5 billion. They expect $-0.15 EPS, up 44.44% or $0.12 from last year's $-0.27 per share. During the same period in the prior year, the business posted ($0.10) earnings per share. equities research analysts anticipate that Mulesoft Inc will post -0.63 EPS for the current fiscal year.

"Together, Salesforce and MuleSoft will accelerate our customers' digital transformations, enabling them to unlock data across legacy systems, cloud apps and devices to make smarter, faster decisions and create highly differentiated, connected customer experiences". (MULE.N) for about US$6.5 billion, giving the market leader in customer-relationship software access to new products and corporate users. The Company's hybrid integration platform includes iPaaS, ESB, and a unified solution for API management, design, and publishing.

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