MobileIron Inc. (MOBL) Stock Price Up 1.9%
Shares of MobileIron Inc. (NASDAQ:MOBL) rose 1.9% during trading on Tuesday . The stock traded as high as $3.31 and last traded at $3.30, with a volume of 124,052 shares trading hands. The stock had previously closed at $3.24.
MOBL has been the topic of several recent research reports. Barclays PLC downgraded shares of MobileIron from an “overweight” rating to an “underweight” rating and dropped their price objective for the company from $6.00 to $3.00 in a report on Friday. Imperial Capital reaffirmed an “outperform” rating and issued a $4.50 price objective on shares of MobileIron in a report on Wednesday, June 15th. Wunderlich reaffirmed a “buy” rating and issued a $7.00 price objective (down from $9.00) on shares of MobileIron in a report on Friday, April 29th. Raymond James Financial Inc. reaffirmed a “buy” rating on shares of MobileIron in a report on Thursday, June 2nd. Finally, Zacks Investment Research downgraded shares of 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 assigned a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $5.64.
The company’s market capitalization is $254.55 million. The firm has a 50-day moving average price of $3.20 and a 200-day moving average price of $3.62.
MobileIron (NASDAQ:MOBL) last released its quarterly earnings data on Thursday, April 28th. The company reported ($0.13) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.13). The company had revenue of $38 million for the quarter, compared to analyst estimates of $39.09 million. The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.21) EPS. On average, equities analysts predict that MobileIron Inc. will post ($0.45) EPS 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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