MobileIron Inc. (MOBL) Trading Down 1.2%
MobileIron Inc. (NASDAQ:MOBL)’s share price traded down 1.2% during mid-day trading on Monday . The stock traded as low as $3.23 and last traded at $3.30, with a volume of 144,188 shares trading hands. The stock had previously closed at $3.34.
Several equities analysts have issued reports on the company. Imperial Capital reiterated an “outperform” rating and issued a $4.50 price objective on shares of MobileIron in a research report on Monday, July 25th. Barclays PLC downgraded MobileIron from an “overweight” rating to an “underweight” rating and cut their price objective for the company from $6.00 to $3.00 in a research report on Friday, July 15th. Raymond James Financial Inc. reiterated a “buy” rating on shares of MobileIron in a research report on Thursday, June 2nd. Finally, Wunderlich reiterated a “buy” rating and issued a $7.00 price objective (down previously from $9.00) on shares of MobileIron in a research report on Friday, April 29th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $5.40.
The stock’s market capitalization is $243.35 million. The company’s 50 day moving average is $3.27 and its 200-day moving average is $3.58.
MobileIron (NASDAQ:MOBL) last posted its earnings results on Thursday, July 28th. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.01. The firm earned $38.90 million during the quarter, compared to analyst estimates of $37.94 million. MobileIron’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.25) EPS. 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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