MobileIron Inc. (MOBL) Trading Down 3.2%
MobileIron Inc. (NASDAQ:MOBL) was down 3.2% during mid-day trading on Wednesday . The stock traded as low as $3.02 and last traded at $3.02, with a volume of 70,632 shares. The stock had previously closed at $3.12.
Several equities research analysts have issued reports on MOBL shares. Raymond James Financial Inc. reaffirmed a “buy” rating on shares of MobileIron in a research note on Thursday, June 2nd. Imperial Capital reaffirmed an “outperform” rating and set a $4.50 price target on shares of MobileIron in a research note on Wednesday, June 15th. Finally, Barclays PLC lowered MobileIron from an “overweight” rating to an “underweight” rating and lowered their target price for the company from $6.00 to $3.00 in a research note on Friday, July 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $5.40.
The stock’s 50-day moving average price is $3.24 and its 200 day moving average price is $3.54. The firm’s market cap is $223.20 million.
MobileIron (NASDAQ:MOBL) last issued its quarterly earnings data on Thursday, July 28th. The company reported ($0.14) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.01. The firm had revenue of $38.90 million for the quarter, compared to analysts’ expectations of $37.94 million. During the same quarter in the previous year, the business earned ($0.25) EPS. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. Analysts forecast 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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