MobileIron Inc. (MOBL) Trading Down 1.2%
MobileIron Inc. (NASDAQ:MOBL) traded down 1.2% on Monday . The stock traded as low as $3.23 and last traded at $3.30, with a volume of 144,188 shares traded. The stock had previously closed at $3.34.
Several equities research analysts have recently weighed in on the stock. Raymond James Financial Inc. reaffirmed a “buy” rating on shares of MobileIron in a research report on Thursday, June 2nd. Imperial Capital reaffirmed an “outperform” rating and issued a $4.50 price target on shares of MobileIron in a research report on Monday, July 25th. Wunderlich reaffirmed a “buy” rating and issued a $7.00 price target (down previously from $9.00) on shares of MobileIron in a research report on Friday, April 29th. Finally, Barclays PLC cut shares of MobileIron from an “overweight” rating to an “underweight” rating and lowered their price target for the stock 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 issued a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $5.40.
The stock’s 50-day moving average price is $3.28 and its 200 day moving average price is $3.57. The company’s market cap is $236.63 million.
MobileIron (NASDAQ:MOBL) last issued its quarterly earnings results on Thursday, July 28th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.01. During the same quarter in the prior year, the firm earned ($0.25) EPS. The firm earned $38.90 million during the quarter, compared to analysts’ expectations of $37.94 million. The firm’s revenue was up 11.9% compared to the same quarter last year. Equities research analysts expect that MobileIron Inc. will post ($0.43) 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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