Imperial Capital Initiates Coverage on Mobileiron (MOBL)
Stock analysts at Imperial Capital began coverage on shares of Mobileiron (NASDAQ:MOBL) in a report issued on Friday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $11.00 price target on the stock. Imperial Capital’s price objective would suggest a potential upside of 24.15% from the stock’s previous close.
Mobileiron (NASDAQ:MOBL) opened at 8.86 on Friday. Mobileiron has a 1-year low of $7.64 and a 1-year high of $11.74. The stock’s 50-day moving average is $8.87 and its 200-day moving average is $9.22. The company’s market cap is $661.4 million.
Mobileiron (NASDAQ:MOBL) last announced its earnings results on Wednesday, July 30th. The company reported ($0.52) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.70) by $0.18. The company had revenue of $30.00 million for the quarter, compared to the consensus estimate of $26.84 million. Mobileiron’s revenue was up 56.3% compared to the same quarter last year. On average, analysts predict that Mobileiron will post $-1.62 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on MOBL. Analysts at Deutsche Bank raised their price target on shares of Mobileiron from $13.00 to $14.00 in a research note on Thursday, July 31st. They now have a “buy” rating on the stock. Separately, analysts at Raymond James initiated coverage on shares of Mobileiron in a research note on Monday, July 7th. They set an “outperform” rating and a $13.00 price target on the stock. Finally, analysts at Nomura initiated coverage on shares of Mobileiron in a research note on Monday, July 7th. They set a “buy” rating and a $13.00 price target on the stock. Eight equities research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and an average target price of $13.13.
Mobileiron Inc, formerly Mobile Iron, Inc, provides security and management solutions for mobile applications, content, and devices.
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