MobileIron Inc. (MOBL) Trading Down 4.7%
Shares of MobileIron Inc. (NASDAQ:MOBL) dropped 4.7% during trading on Tuesday . The stock traded as low as $3.38 and last traded at $3.45, with a volume of 101,020 shares. The stock had previously closed at $3.62.
MOBL has been the subject of several research analyst reports. Barclays PLC downgraded shares of MobileIron from an “overweight” rating to an “underweight” rating and reduced their target price for the stock from $6.00 to $3.00 in a report on Friday, July 15th. Imperial Capital reaffirmed an “outperform” rating and set a $4.50 target price on shares of MobileIron in a report on Wednesday, June 15th. Wunderlich reaffirmed a “buy” rating and set a $7.00 target price (down previously from $9.00) on shares of MobileIron in a report on Friday, April 29th. Finally, Raymond James Financial Inc. reaffirmed a “buy” rating on shares of MobileIron in a report on Thursday, June 2nd. One research 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. MobileIron presently has a consensus rating of “Hold” and a consensus target price of $5.40.
The company’s 50-day moving average is $3.25 and its 200 day moving average is $3.58. The stock’s market capitalization is $254.55 million.
MobileIron (NASDAQ:MOBL) last announced its earnings results on Thursday, July 28th. The company reported ($0.14) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.01. During the same quarter in the prior year, the company earned ($0.25) EPS. The firm earned $38.90 million during the quarter, compared to analysts’ expectations of $37.94 million. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. On average, equities analysts predict 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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