MobileIron Inc. (MOBL) Shares Down 4.7%
MobileIron Inc. (NASDAQ:MOBL) traded down 4.7% on Tuesday . The stock traded as low as $3.38 and last traded at $3.45, with a volume of 101,020 shares changing hands. The stock had previously closed at $3.62.
Several equities research analysts recently weighed in on the stock. Wunderlich reissued a “buy” rating and set a $7.00 price target (down previously from $9.00) on shares of MobileIron in a research report on Friday, April 29th. Imperial Capital reissued an “outperform” rating and set a $4.50 price target on shares of MobileIron in a research report on Monday, July 25th. Barclays PLC downgraded shares of 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. Finally, Raymond James Financial Inc. reissued a “buy” rating on shares of MobileIron in a research report on Thursday, June 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The stock has an average 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 $3.58. The firm’s market capitalization is $257.54 million.
MobileIron (NASDAQ:MOBL) last posted its earnings results 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 firm had revenue of $38.90 million for the quarter, compared to analysts’ expectations of $37.94 million. The company’s revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the company earned ($0.25) EPS. On average, 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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