MobileIron Inc. (MOBL) Sees Strong Trading Volume
MobileIron Inc. (NASDAQ:MOBL) saw strong trading volume on Thursday . 716,425 shares were traded during trading, an increase of 175% from the previous session’s volume of 260,319 shares.The stock last traded at $3.02 and had previously closed at $3.02.
Several analysts recently issued reports on the stock. Imperial Capital reduced their price objective on shares of MobileIron from $5.50 to $4.50 and set an “outperform” rating on the stock in a report on Thursday, May 12th. Wunderlich restated 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. restated a “buy” rating on shares of MobileIron in a report on Thursday, June 2nd. Finally, Barclays PLC lowered shares of MobileIron from an “overweight” rating to an “underweight” rating and reduced their price objective for the company from $6.00 to $3.00 in a report on Friday, July 15th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. MobileIron currently has a consensus rating of “Hold” and an average price target of $5.40.
The firm’s market cap is $225.44 million. The stock has a 50 day moving average price of $3.27 and a 200 day moving average price of $3.55.
MobileIron (NASDAQ:MOBL) last posted its earnings results on Thursday, July 28th. The company reported ($0.14) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.01. The firm earned $38.90 million during the quarter, compared to analyst estimates of $37.94 million. During the same period last year, the company posted ($0.25) EPS. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. Equities research analysts anticipate that MobileIron Inc. will post ($0.43) 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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