MobileIron Inc. (MOBL) Shares Down 1.6%
Shares of MobileIron Inc. (NASDAQ:MOBL) were down 1.6% during trading on Tuesday . The company traded as low as $3.01 and last traded at $3.02, with a volume of 152,902 shares changing hands. The stock had previously closed at $3.07.
A number of analysts recently commented on MOBL shares. Imperial Capital reiterated an “outperform” rating and set a $4.50 price objective on shares of MobileIron in a research report on Wednesday, June 15th. Barclays PLC cut MobileIron from an “overweight” rating to an “underweight” rating and reduced 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 set a $7.00 price objective (down previously from $9.00) on shares of MobileIron in a research report on Friday, April 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $5.40.
The stock’s 50 day moving average is $3.27 and its 200-day moving average is $3.55. The company’s market capitalization is $225.44 million.
MobileIron (NASDAQ:MOBL) last posted its quarterly earnings data 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 period in the previous year, the business earned ($0.25) EPS. The business earned $38.90 million during the quarter, compared to analyst estimates of $37.94 million. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. On average, equities research 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.
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