Analysts Expect MobileIron, Inc. (MOBL) Will Announce Quarterly Sales of $43.46 Million
Wall Street brokerages expect that MobileIron, Inc. (NASDAQ:MOBL) will post sales of $43.46 million for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for MobileIron’s earnings. The highest sales estimate is $45.00 million and the lowest is $42.52 million. MobileIron reported sales of $41.57 million in the same quarter last year, which indicates a positive year-over-year growth rate of 4.5%. The firm is scheduled to issue its next earnings results after the market closes on Tuesday, October 31st.
On average, analysts expect that MobileIron will report full year sales of $43.46 million for the current financial year, with estimates ranging from $173.29 million to $180.00 million. For the next fiscal year, analysts expect that the business will post sales of $191.87 million per share, with estimates ranging from $181.21 million to $202.40 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for MobileIron.
MobileIron (NASDAQ:MOBL) last posted its quarterly earnings results on Thursday, July 27th. The software maker reported ($0.08) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.08. MobileIron had a negative net margin of 32.67% and a negative return on equity of 136.81%. The business had revenue of $42.65 million for the quarter, compared to analysts’ expectations of $43.44 million. During the same period in the prior year, the company posted ($0.14) EPS. The business’s revenue for the quarter was up 9.6% on a year-over-year basis.
A number of equities research analysts recently weighed in on MOBL shares. Barclays PLC restated a “sell” rating and set a $5.00 price objective on shares of MobileIron in a research note on Wednesday, July 19th. BidaskClub cut shares of MobileIron from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. ValuEngine cut shares of MobileIron from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Raymond James Financial, Inc. restated a “market perform” rating on shares of MobileIron in a research note on Wednesday, October 18th. Finally, UBS AG cut shares of MobileIron from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 18th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. MobileIron currently has a consensus rating of “Hold” and an average target price of $5.08.
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MobileIron (NASDAQ MOBL) opened at 3.65 on Tuesday. The stock’s 50 day moving average is $3.77 and its 200-day moving average is $4.75. MobileIron has a 1-year low of $3.20 and a 1-year high of $6.78. The firm’s market capitalization is $272.47 million.
In related news, VP Daniel C. Fields sold 15,600 shares of MobileIron stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $3.75, for a total transaction of $58,500.00. Following the transaction, the vice president now directly owns 423,037 shares of the company’s stock, valued at $1,586,388.75. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Daniel C. Fields sold 52,383 shares of MobileIron stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $3.77, for a total value of $197,483.91. Following the transaction, the vice president now directly owns 423,037 shares in the company, valued at $1,594,849.49. The disclosure for this sale can be found here. 31.70% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its holdings in MobileIron by 0.5% during the first quarter. Bank of America Corp DE now owns 62,960 shares of the software maker’s stock worth $274,000 after acquiring an additional 311 shares during the period. Prudential Financial Inc. grew its holdings in MobileIron by 4.8% during the second quarter. Prudential Financial Inc. now owns 26,090 shares of the software maker’s stock worth $158,000 after acquiring an additional 1,200 shares during the period. American International Group Inc. grew its holdings in MobileIron by 7.1% during the first 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. Goldman Sachs Group Inc. grew its holdings in MobileIron by 3.8% during the first quarter. Goldman Sachs Group Inc. now owns 68,375 shares of the software maker’s stock worth $297,000 after acquiring an additional 2,533 shares during the period. Finally, California State Teachers Retirement System grew its holdings in MobileIron by 4.0% during the second quarter. California State Teachers Retirement System now owns 97,189 shares of the software maker’s stock worth $588,000 after acquiring an additional 3,700 shares during the period. 54.86% of the stock is currently owned by hedge funds and other institutional investors.
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.
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