MobileIron Inc. (MOBL) Shares Up 4%
MobileIron Inc. (NASDAQ:MOBL) shares shot up 4% on Monday . The company traded as high as $3.69 and last traded at $3.65, with a volume of 135,284 shares trading hands. The stock had previously closed at $3.51.
A number of research firms have weighed in on MOBL. Raymond James Financial Inc. restated a “buy” rating on shares of MobileIron in a research note on Thursday, June 2nd. Imperial Capital reaffirmed an “outperform” rating and issued a $4.50 price objective on shares of MobileIron in a research report on Monday, July 25th. Wunderlich reaffirmed a “buy” rating and issued a $7.00 price objective (down from $9.00) on shares of MobileIron in a research report on Friday, April 29th. Finally, Barclays PLC cut MobileIron from an “overweight” rating to an “underweight” rating and cut their price objective for the company from $6.00 to $3.00 in a research report on Friday, July 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $5.40.
The stock’s market capitalization is $254.55 million. The firm has a 50 day moving average of $3.25 and a 200-day moving average of $3.58.
MobileIron (NASDAQ:MOBL) last posted its quarterly earnings results on Thursday, July 28th. The company reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.01. The firm had revenue of $38.90 million for the quarter, compared to analyst estimates of $37.94 million. During the same period last year, the company posted ($0.25) earnings per share. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. Equities analysts predict that MobileIron Inc. will post ($0.43) 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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