Analysts Expect MobileIron, Inc. (MOBL) Will Post Earnings of -$0.05 Per Share
Brokerages expect MobileIron, Inc. (NASDAQ:MOBL) to announce earnings of ($0.05) per share for the current quarter, according to Zacks. Three analysts have provided estimates for MobileIron’s earnings, with the lowest EPS estimate coming in at ($0.06) and the highest estimate coming in at ($0.04). MobileIron reported earnings of ($0.07) per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 28.6%. The company is scheduled to announce its next quarterly earnings results on Thursday, October 26th.
According to Zacks, analysts expect that MobileIron will report full year earnings of ($0.19) per share for the current year, with EPS estimates ranging from ($0.20) to ($0.18). For the next fiscal year, analysts expect that the firm will post earnings of ($0.06) per share, with EPS estimates ranging from ($0.12) to ($0.02). Zacks’ EPS calculations are an average based on a survey of research analysts that cover MobileIron.
MobileIron (NASDAQ:MOBL) last issued its earnings results on Thursday, July 27th. The software maker reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.08. The business had revenue of $42.65 million for the quarter, compared to analyst estimates of $43.44 million. MobileIron had a negative net margin of 32.67% and a negative return on equity of 136.81%. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.14) EPS.
MOBL has been the topic of several research analyst reports. Northland Securities restated a “buy” rating and issued a $7.00 price target on shares of MobileIron in a research report on Friday, July 14th. ValuEngine upgraded shares of MobileIron from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub lowered shares of MobileIron from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, Barclays PLC restated a “sell” rating and issued a $5.00 price target on shares of MobileIron in a research report on Wednesday, July 19th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $5.28.
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Shares of MobileIron (NASDAQ MOBL) opened at 3.95 on Friday. The firm’s market cap is $294.86 million. The stock has a 50 day moving average of $4.05 and a 200-day moving average of $4.88. MobileIron has a 52 week low of $2.56 and a 52 week high of $6.78.
In other MobileIron news, VP Laurel Finch sold 4,676 shares of the firm’s stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $6.33, for a total value of $29,599.08. Following the sale, the vice president now directly owns 287,236 shares in the company, valued at approximately $1,818,203.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Daniel C. Fields sold 15,600 shares of the firm’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $3.75, for a total transaction of $58,500.00. Following the completion of the sale, the vice president now owns 423,037 shares in the company, valued at $1,586,388.75. The disclosure for this sale can be found here. Insiders sold a total of 74,997 shares of company stock worth $300,172 over the last 90 days. Company insiders own 31.70% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Bank of Montreal Can lifted its holdings in shares of MobileIron by 26,262.0% during the 1st quarter. Bank of Montreal Can now owns 26,362 shares of the software maker’s stock worth $114,000 after acquiring an additional 26,262 shares during the period. American International Group Inc. lifted its holdings in shares of MobileIron by 7.1% during the 1st quarter. American International Group Inc. now owns 28,640 shares of the software maker’s stock worth $125,000 after acquiring an additional 1,904 shares during the period. UBS Asset Management Americas Inc. bought a new position in shares of MobileIron during the 1st quarter worth about $136,000. JPMorgan Chase & Co. lifted its holdings in shares of MobileIron by 320.7% during the 1st quarter. JPMorgan Chase & Co. now owns 31,878 shares of the software maker’s stock worth $139,000 after acquiring an additional 24,301 shares during the period. Finally, Metropolitan Life Insurance Co. NY bought a new position in shares of MobileIron during the 1st quarter worth about $154,000. 54.87% of the stock is owned by institutional investors.
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.
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