MobileIron Inc. (MOBL) Trading 2.6% Higher
MobileIron Inc. (NASDAQ:MOBL) traded up 2.6% during trading on Tuesday . The stock traded as high as $3.18 and last traded at $3.13, with a volume of 160,291 shares traded. The stock had previously closed at $3.05.
Several equities research analysts have recently commented on the company. Raymond James Financial Inc. reissued a “buy” rating on shares of MobileIron in a research note on Thursday, June 2nd. Imperial Capital reissued an “outperform” rating and set a $4.50 price target on shares of MobileIron in a research note on Monday, July 25th. Finally, Barclays PLC lowered MobileIron from an “overweight” rating to an “underweight” rating and decreased their price target for the stock from $6.00 to $3.00 in a research note on Friday, July 15th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $5.40.
The firm’s 50-day moving average is $3.25 and its 200 day moving average is $3.54. The firm’s market capitalization is $224.69 million.
MobileIron (NASDAQ:MOBL) last posted its quarterly earnings data on Thursday, July 28th. The company reported ($0.14) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.01. The company had revenue of $38.90 million for the quarter, compared to analyst estimates of $37.94 million. During the same quarter in the prior year, the business earned ($0.25) EPS. MobileIron’s revenue was up 11.9% compared to the same quarter last year. Analysts anticipate 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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