MobileIron, Inc. (MOBL) Announces Earnings Results
MobileIron, Inc. (NASDAQ:MOBL) issued its earnings results on Tuesday. The software maker reported ($0.07) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.03), Bloomberg Earnings reports. The firm had revenue of $42.72 million for the quarter, compared to the consensus estimate of $42.69 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 2.8% on a year-over-year basis. During the same period last year, the firm earned ($0.07) earnings per share.
Shares of MobileIron (NASDAQ:MOBL) traded up 0.649% on Wednesday, hitting $3.875. The stock had a trading volume of 365,397 shares. The firm’s market cap is $289.26 million. The stock has a 50 day moving average of $3.73 and a 200 day moving average of $4.72. MobileIron has a 12-month low of $3.20 and a 12-month high of $6.78.
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MOBL has been the subject of a number of research analyst reports. Northland Securities set a $5.00 target price on MobileIron and gave the company a “buy” rating in a research report on Wednesday, October 18th. BidaskClub lowered MobileIron from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Imperial Capital lowered MobileIron from an “outperform” rating to an “in-line” rating and decreased their target price for the company from $5.50 to $4.00 in a research report on Wednesday, October 18th. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of MobileIron in a research report on Wednesday, October 18th. Finally, UBS AG lowered MobileIron from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 18th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $5.30.
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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