Salesforce, MuleSoft agree to $6.5 billion merger

Justin Sullivan  Getty Images)Salesforce CEO Marc Benioff

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.

Korea military drills to be cut short by a month
South Korean observers believe the North Korean leader has withdrawn from public events to focus on summit preparations. The girl band is among the acts Seoul is sending to perform in North Korea .

Maryland school shooting injures three
Rollins then shot two people at close range, a male student and a female student, before he was confronted by the officer. This shooting comes four days before Saturday's March for Our Lives in nearby Washington, D.C.

Snow to intensify, cause issues during the morning commute
Wednesday: Snow, freezing rain, and sleet before noon, then rain, snow, and sleet between noon and 1pm, then snow after 1pm. Temperatures should rise into the low to mid-40s Thursday afternoon and some sunshine should break through the clouds.

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.

Related:

Comments

Latest news

Sarkozy faces second day of questioning in Libya probe
Sarkozy had denied any wrongdoing and had been placed under judicial control after his release from police custody. Since being voted out of office after one term in 2012 Sarkozy has already been charged in two other cases.

Winona Ryder gets substantial pay rise for Stranger Things season three
In the event where one wouldn't like to watch the kids section, one has full right to avail for any show s/he likes. Brown, who plays the character Eleven, reportedly received the largest salary increase among her young co-stars.

SPDR MSCI World StrategicFactors ETF (QWLD) Rises 0.4066% for Mar 21
The indicator is non-directional meaning that it gauges trend strength whether the stock price is trending higher or lower. MA's can be calculated for any time period, but two very popular time frames are the 50-day and 200-day moving averages.

Bruce Springsteen Extends On Broadway Run Through December
A digital lottery hosted by Lucky Seat will continue to operate throughout the extension. Registered fans will be contacted by Ticketmaster with more details on Monday, March 26.

Tessa Thompson Joins Chris Hemsworth in Sony's 'Men in Black' Spinoff
At the time, we also learned that Sony was looking for "a black woman and an older man" to round out the film's leads. The original film starred Will Smith and Tommy Lee Jones as Agents K and J who investigated aliens on Earth.

Caitlyn Jenner Shares Gruesome Picture After Cancer Removal Surgery
Surgery is the main treatment for non-melanoma skin cancer, and involves removing the tumour and some of the surrounding skin. Basal cell carcinoma is the most common type of skin cancer, with 4 million cases diagnosed in the US each year.

Demi Lovato Opened Up About Having Suicidal Ideation
Phil and Demi take part in her new project, bringing mental health awareness to people across the world. She opened up to the audience and said, "Yesterday was a really big day for me".

Serena Williams' return from pregnancy sparks seeding debate at Miami Open
She called Ross a "visionary" when it came to moving the tournament, after first having doubts about the relocation. When I made this intervention, obviously it's pretty invasive and unfortunately in the end it had to be done.

John Oliver's children's book about Mike Pence's bunny sells out
In addition, all proceeds of the Last Week Tonight book go to non-profit organizations the Trevor Project and Aids United. Oliver chose to publish his own book to troll Pence, who has endorsed controversial policies opposing gay marriage.

Amber Rose to Son Sebastian Look What Taylor Swift Gave Us!!!
Amber posted a video last October of Sebastian singing, "Look What Made You Made Me Do" and it's BEYOND adorable. In a second video , the little boy smiled for the camera and exclaimed, "Thanks, Taylor! ".

Forests and Sustainable Cities
Forests provide a wide range of environmental, social and economic benefits that improve our quality of life. In London alone, trees remove an extraordinary 2.4 million tonnes of air pollution each year.

Newell Brands Inc. (NWL) Tights Shoes to Boost up Long-Term Obligations
The company reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.67 by $0.01. The stock of CBRE Group, Inc. ( NYSE : NWL ) has "Market Perform" rating given on Friday, November 3 by Raymond James.

Treatment: Trump's plan to battle opioids needs scrutiny
The plan will include stiffer penalties for high-intensity drug traffickers, including the death penalty for some, Trump said. Monday was Trump's first visit as president to New Hampshire, which has long occupied a special place in his political rise.

(NYSE:TIF) Now Covered by Credit Suisse Group
Nine research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Jefferies maintained the shares of TIF in report on Wednesday, April 5 with "Buy" rating. (NYSE: TIF)'s stock was -6.20%.

NXP Semiconductors NV (NASDAQ:NXPI) Stock Through Resistance -- Technicals Hit Extreme Strength
Polaris Capital Lc accumulated 0.16% or 96,450 shares. 10,842 are owned by Cubist Systematic Strategies Limited Liability Corp. NXPI received interesting focus from Active Investors and it has been trading on front line as seeing to it recent volume.

Other news