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MuleSoft (MULE) Looks Good: Stock Adds 5.3% in Session

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MuleSoft, Inc. was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 44.1% in the past one-month time frame.

The stock gained following the news that the global leader in CRM, Salesforce, will acquire the company for an enterprise value of roughly $6.5 billion.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

MuleSoft currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

Investors interested in the Internet - Software industry may consider NICE Ltd. (NICE - Free Report) , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is MULE going up? Or down? Predict to see what others think:Up or Down

Zacks Editor-in-Chief Goes "All In" on This Stock

Full disclosure, Kevin Matras now has more of his own money in one particular stock than in any other. He believes in its short-term profit potential and also in its prospects to more than double by 2019. Today he reveals and explains his surprising move in a new Special Report.

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