MobileIron Inc. (MOBL) Trading 1.9% Higher
MobileIron Inc. (NASDAQ:MOBL) shares traded up 1.9% during trading on Tuesday . The stock traded as high as $3.31 and last traded at $3.30, with a volume of 124,052 shares traded. The stock had previously closed at $3.24.
Several research analysts have recently commented on the company. Sterne Agee CRT assumed coverage on MobileIron in a research report on Tuesday, April 5th. They issued a “buy” rating and a $7.50 price target for the company. Zacks Investment Research lowered MobileIron from a “buy” rating to a “hold” rating in a research report on Thursday, April 7th. Raymond James Financial Inc. reissued a “buy” rating on shares of MobileIron in a research report on Thursday, June 2nd. Imperial Capital reduced their price target on MobileIron from $5.50 to $4.50 and set an “outperform” rating for the company in a research report on Thursday, May 12th. Finally, Wunderlich reissued a “buy” rating and issued a $7.00 price target (down from $9.00) on shares of MobileIron in a research report on Friday, April 29th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $5.64.
The firm’s market cap is $250.07 million. The stock’s 50-day moving average is $3.21 and its 200 day moving average is $3.62.
MobileIron (NASDAQ:MOBL) last posted its earnings results on Thursday, April 28th. The company reported ($0.13) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.13). The business had revenue of $38 million for the quarter, compared to analyst estimates of $39.09 million. During the same period last year, the business earned ($0.21) EPS. MobileIron’s revenue was up 13.4% compared to the same quarter last year. On average, equities research analysts predict that MobileIron Inc. will post ($0.45) 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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