MobileIron Inc. (MOBL) Trading Down 3.2%
MobileIron Inc. (NASDAQ:MOBL) shares were down 3.2% on Wednesday . The stock traded as low as $3.02 and last traded at $3.02, with a volume of 70,632 shares changing hands. The stock had previously closed at $3.12.
Several research analysts recently weighed in on MOBL shares. Barclays PLC cut MobileIron from an “overweight” rating to an “underweight” rating and reduced their price target for the company from $6.00 to $3.00 in a research report on Friday, July 15th. 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. 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 assigned a buy rating to the company. MobileIron has an average rating of “Hold” and a consensus price target of $5.40.
The firm’s market cap is $224.69 million. The company’s 50 day moving average is $3.26 and its 200 day moving average is $3.55.
MobileIron (NASDAQ:MOBL) last posted its quarterly earnings data on Thursday, July 28th. The company reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.01. During the same quarter in the previous year, the firm posted ($0.25) earnings per share. The firm had revenue of $38.90 million for the quarter, compared to analysts’ expectations of $37.94 million. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. On average, equities research analysts anticipate that MobileIron Inc. will post ($0.43) EPS 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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