MobileIron, Inc. (NASDAQ:MOBL) posted its quarterly earnings data on Thursday. The software maker reported ($0.08) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.08), Bloomberg Earnings reports. MobileIron had a negative return on equity of 132.95% and a negative net margin of 36.01%. The business had revenue of $42.65 million for the quarter, compared to analysts’ expectations of $43.44 million. During the same quarter in the previous year, the firm earned ($0.14) earnings per share. The business’s revenue was up 9.6% on a year-over-year basis.

Shares of MobileIron (NASDAQ:MOBL) traded up 0.91% during mid-day trading on Thursday, hitting $5.55. The company’s stock had a trading volume of 1,512,874 shares. MobileIron has a 52-week low of $2.56 and a 52-week high of $6.78. The company’s market cap is $414.30 million. The stock’s 50 day moving average price is $6.06 and its 200 day moving average price is $5.00.

ILLEGAL ACTIVITY WARNING: This piece was originally posted by American Banking News and is the property of of American Banking News. If you are viewing this piece on another domain, it was illegally stolen and republished in violation of United States & international trademark and copyright legislation. The correct version of this piece can be accessed at https://www.americanbankingnews.com/2017/07/27/mobileiron-inc-nasdaqmobl-announces-quarterly-earnings-results.html.

MOBL has been the topic of several research analyst reports. Zacks Investment Research cut MobileIron from a “buy” rating to a “hold” rating in a research report on Wednesday, April 12th. Benchmark Co. initiated coverage on MobileIron in a research report on Tuesday, April 25th. They issued a “buy” rating and a $7.00 price objective on the stock. ValuEngine raised MobileIron from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Northland Securities reissued a “buy” rating and issued a $7.00 price objective on shares of MobileIron in a research report on Friday, July 14th. Finally, Barclays PLC reissued a “sell” rating and issued a $5.00 price objective on shares of MobileIron in a research report on Wednesday, July 19th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. MobileIron has an average rating of “Hold” and an average target price of $5.28.

In other news, major shareholder Sc Xii Management Llc sold 500,000 shares of the firm’s stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $5.10, for a total value of $2,550,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Aaref Hilaly sold 39,345 shares of the firm’s stock in a transaction on Friday, May 5th. The stock was sold at an average price of $4.25, for a total value of $167,216.25. Following the completion of the transaction, the director now owns 68,424 shares in the company, valued at $290,802. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 638,604 shares of company stock worth $3,251,838. Company insiders own 31.70% of the company’s stock.

MobileIron Company Profile

MobileIron, Inc (MobileIron) provides a mobile information technology (IT) platform for enterprises to manage and secure mobile applications, content and devices. The Company’s solution provides enterprise security. The MobileIron Platform combines security and enterprise mobility management (EMM) tools, including mobile device management (MDM), mobile application management (MAM), and mobile content management (MCM) capabilities.

Earnings History for MobileIron (NASDAQ:MOBL)

Receive News & Ratings for MobileIron Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MobileIron Inc. and related companies with MarketBeat.com's FREE daily email newsletter.