Wall Street brokerages expect MobileIron, Inc. (NASDAQ:MOBL) to post $46.49 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for MobileIron’s earnings. The highest sales estimate is $47.20 million and the lowest is $45.45 million. MobileIron reported sales of $45.47 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 2.2%. The firm is scheduled to announce its next earnings report on Tuesday, February 6th.

According to Zacks, analysts expect that MobileIron will report full-year sales of $46.49 million for the current year, with estimates ranging from $173.40 million to $175.00 million. For the next financial year, analysts forecast that the company will report sales of $186.56 million per share, with estimates ranging from $184.91 million to $189.40 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for MobileIron.

MobileIron (NASDAQ:MOBL) last posted its quarterly earnings data on Tuesday, October 31st. The software maker reported ($0.07) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.03). MobileIron had a negative return on equity of 164.43% and a negative net margin of 33.88%. The business had revenue of $42.72 million for the quarter, compared to analyst estimates of $42.69 million. During the same quarter in the prior year, the company earned ($0.07) earnings per share. The company’s quarterly revenue was up 2.8% on a year-over-year basis.

Several equities research analysts recently issued reports on MOBL shares. UBS Group downgraded shares of MobileIron from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 18th. Raymond James Financial reiterated a “market perform” rating on shares of MobileIron in a research note on Wednesday, October 18th. Imperial Capital downgraded shares of MobileIron from an “outperform” rating to an “in-line” rating and cut their target price for the company from $5.50 to $4.00 in a research note on Wednesday, October 18th. Northland Securities set a $5.00 target price on shares of MobileIron and gave the company a “buy” rating in a research note on Wednesday, October 18th. Finally, Zacks Investment Research downgraded shares of MobileIron from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $5.30.

Shares of MobileIron (MOBL) opened at $3.95 on Friday. MobileIron has a one year low of $3.20 and a one year high of $6.78. The stock has a market cap of $374.62, a PE ratio of -6.17 and a beta of 2.64.

In other news, VP Daniel C. Fields sold 17,890 shares of the firm’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $3.89, for a total transaction of $69,592.10. Following the transaction, the vice president now directly owns 344,765 shares of the company’s stock, valued at $1,341,135.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Daniel C. Fields sold 14,404 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $3.90, for a total transaction of $56,175.60. Following the transaction, the vice president now directly owns 356,250 shares in the company, valued at $1,389,375. The disclosure for this sale can be found here. 31.70% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of MOBL. ETF Managers Group LLC acquired a new stake in shares of MobileIron during the 2nd quarter worth approximately $19,387,000. Renaissance Technologies LLC boosted its position in shares of MobileIron by 143.7% during the 2nd quarter. Renaissance Technologies LLC now owns 2,741,600 shares of the software maker’s stock worth $16,587,000 after acquiring an additional 1,616,600 shares in the last quarter. FMR LLC boosted its position in shares of MobileIron by 973.7% during the 2nd quarter. FMR LLC now owns 1,347,500 shares of the software maker’s stock worth $8,152,000 after acquiring an additional 1,222,000 shares in the last quarter. Whetstone Capital Advisors LLC boosted its position in shares of MobileIron by 383.5% during the 3rd quarter. Whetstone Capital Advisors LLC now owns 1,025,160 shares of the software maker’s stock worth $3,793,000 after acquiring an additional 813,135 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in shares of MobileIron during the 2nd quarter worth approximately $3,532,000. Institutional investors and hedge funds own 51.15% of the company’s stock.

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About MobileIron

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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