MobileIron Inc. (MOBL) Sees Strong Trading Volume
MobileIron Inc. (NASDAQ:MOBL) saw strong trading volume on Friday . 251,041 shares were traded during trading, an increase of 35% from the previous session’s volume of 186,481 shares.The stock last traded at $3.25 and had previously closed at $3.30.
Several equities analysts have weighed in on the company. Barclays PLC cut MobileIron from an “overweight” rating to an “underweight” rating and lowered their target price for the company from $6.00 to $3.00 in a research note on Friday. Wunderlich reiterated a “buy” rating and set a $7.00 price target (down from $9.00) on shares of MobileIron in a report on Friday, April 29th. Imperial Capital reiterated an “outperform” rating and set a $4.50 price target on shares of MobileIron in a report on Wednesday, June 15th. Raymond James Financial Inc. reiterated a “buy” rating on shares of MobileIron in a report on Thursday, June 2nd. Finally, Zacks Investment Research lowered MobileIron from a “buy” rating to a “hold” rating in a report on Thursday, April 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. MobileIron has a consensus rating of “Buy” and an average target price of $5.64.
The company’s market capitalization is $243.35 million. The firm has a 50 day moving average of $3.18 and a 200-day moving average of $3.63.
MobileIron (NASDAQ:MOBL) last announced its quarterly earnings results on Thursday, April 28th. The company reported ($0.13) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.13). The business earned $38 million during the quarter, compared to the consensus estimate of $39.09 million. During the same quarter last year, the company earned ($0.21) earnings per share. The firm’s revenue was up 13.4% compared to the same quarter last year. Equities research analysts predict that MobileIron Inc. will post ($0.45) earnings per share for the current year.
MobileIron, Inc, formerly Mobile Iron, Inc, provides a purpose-built mobile Information Technology (IT) platform for enterprises to secure and manage mobile applications, content and devices. The Company offers its customers the flexibility to use its software as a cloud service or to deploy it on premise.
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