MobileIron Inc. (MOBL) Sees Large Volume Increase
MobileIron Inc. (NASDAQ:MOBL) shares saw unusually-high trading volume on Thursday . Approximately 716,425 shares traded hands during mid-day 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 research firms have recently weighed in on MOBL. Wunderlich reissued a “buy” rating and issued a $7.00 target price (down previously from $9.00) on shares of MobileIron in a research report on Friday, April 29th. Imperial Capital dropped their target price on shares of MobileIron from $5.50 to $4.50 and set an “outperform” rating for the company in a research report on Thursday, May 12th. Raymond James Financial Inc. reissued a “buy” rating on shares of MobileIron in a research report on Thursday, June 2nd. Finally, Barclays PLC downgraded shares of MobileIron from an “overweight” rating to an “underweight” rating and dropped their target price for the stock from $6.00 to $3.00 in a research report on Friday, July 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $5.40.
The firm’s market capitalization is $226.93 million. The firm’s 50 day moving average price is $3.27 and its 200 day moving average price is $3.54.
MobileIron (NASDAQ:MOBL) last announced its quarterly earnings results on Thursday, July 28th. The company reported ($0.14) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.01. During the same quarter last year, the company earned ($0.25) EPS. The business had revenue of $38.90 million for the quarter, compared to analyst estimates of $37.94 million. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. On average, analysts expect 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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