MobileIron Inc. (MOBL) Shares Down 1.6%
Shares of MobileIron Inc. (NASDAQ:MOBL) were down 1.6% on Tuesday . The stock traded as low as $3.01 and last traded at $3.02, with a volume of 152,902 shares trading hands. The stock had previously closed at $3.07.
Several analysts have recently weighed in on MOBL shares. Imperial Capital cut their price objective on MobileIron from $5.50 to $4.50 and set an “outperform” rating for the company in a report on Thursday, May 12th. Raymond James Financial Inc. restated a “buy” rating on shares of MobileIron in a report on Thursday, June 2nd. Barclays PLC lowered 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 report on Friday, July 15th. Finally, Wunderlich restated a “buy” rating and issued a $7.00 price objective (down previously from $9.00) on shares of MobileIron in a 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 given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $5.40.
The firm’s market cap is $223.94 million. The firm’s 50-day moving average is $3.27 and its 200-day moving average is $3.56.
MobileIron (NASDAQ:MOBL) last released its quarterly earnings results 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. During the same period in the prior year, the business earned ($0.25) earnings per share. The business had revenue of $38.90 million for the quarter, compared to analyst estimates of $37.94 million. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. On average, equities research analysts predict that MobileIron Inc. will post ($0.43) EPS 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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