MobileIron Inc. (MOBL) Trading 1% Higher
MobileIron Inc. (NASDAQ:MOBL)’s share price traded up 1% during trading on Wednesday . The company traded as high as $3.09 and last traded at $3.03, with a volume of 202,763 shares traded. The stock had previously closed at $3.00.
A number of equities analysts recently commented on the stock. Wunderlich reiterated a “buy” rating and issued a $7.00 target price (down previously from $9.00) on shares of MobileIron in a research report on Friday, April 29th. Imperial Capital reiterated an “outperform” rating and issued a $4.50 target price on shares of MobileIron in a research report on Monday, July 25th. Barclays PLC cut shares of MobileIron from an “overweight” rating to an “underweight” rating and decreased their target price for the stock from $6.00 to $3.00 in a research report on Friday, July 15th. Finally, Raymond James Financial Inc. reiterated a “buy” rating on shares of MobileIron in a research report on Thursday, June 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $5.40.
The stock’s 50-day moving average price is $3.27 and its 200-day moving average price is $3.55. The stock’s market cap is $225.44 million.
MobileIron (NASDAQ:MOBL) last posted its quarterly earnings results on Thursday, July 28th. The company reported ($0.14) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.01. During the same quarter in the previous year, the company earned ($0.25) earnings per share. The firm earned $38.90 million during the quarter, compared to the consensus estimate of $37.94 million. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. On average, equities analysts expect 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.