MobileIron Inc. (MOBL) Sees Strong Trading Volume
MobileIron Inc. (NASDAQ:MOBL) shares saw unusually-high trading volume on Friday . Approximately 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.
MOBL has been the subject of a number of recent analyst reports. Barclays PLC downgraded shares of MobileIron from an “overweight” rating to an “underweight” rating and cut their price target for the stock from $6.00 to $3.00 in a report on Friday. Imperial Capital reaffirmed an “outperform” rating and set a $4.50 price objective on shares of MobileIron in a research report on Wednesday, June 15th. Wunderlich reaffirmed a “buy” rating and set a $7.00 price objective (down previously from $9.00) on shares of MobileIron in a research report on Friday, April 29th. Raymond James Financial Inc. reaffirmed a “buy” rating on shares of MobileIron in a research report on Thursday, June 2nd. Finally, Zacks Investment Research cut shares of MobileIron from a “buy” rating to a “hold” rating in a research report on Thursday, April 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $5.64.
The firm’s market capitalization is $243.35 million. The company’s 50-day moving average is $3.19 and its 200 day moving average is $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, meeting the consensus estimate of ($0.13). The business earned $38 million during the quarter, compared to analysts’ expectations of $39.09 million. During the same period last year, the company earned ($0.21) EPS. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. Equities analysts forecast that MobileIron Inc. will post ($0.45) earnings per share for the current fiscal 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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