MobileIron Inc. (MOBL) Trading Up 2.6%
Shares of MobileIron Inc. (NASDAQ:MOBL) were up 2.6% on Tuesday . The company traded as high as $3.18 and last traded at $3.13, with a volume of 160,291 shares. The stock had previously closed at $3.05.
A number of analysts have recently weighed in on MOBL shares. Imperial Capital reiterated an “outperform” rating and set a $4.50 price target on shares of MobileIron in a research report on Wednesday, June 15th. Barclays PLC cut MobileIron from an “overweight” rating to an “underweight” rating and dropped their price target for the stock from $6.00 to $3.00 in a research report on Friday, July 15th. Finally, Raymond James Financial Inc. reiterated a “buy” rating on shares of MobileIron in a research report on Thursday, June 2nd. One equities 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 company currently has a consensus rating of “Hold” and a consensus price target of $5.40.
The stock’s market capitalization is $232.90 million. The stock’s 50-day moving average price is $3.26 and its 200 day moving average price is $3.55.
MobileIron (NASDAQ:MOBL) last released its 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. During the same period last year, the business earned ($0.25) earnings per share. The firm had revenue of $38.90 million for the quarter, compared to analyst estimates of $37.94 million. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. On average, equities research 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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