-$0.03 Earnings Per Share Expected for MobileIron, Inc. (MOBL) This Quarter

Equities research analysts predict that MobileIron, Inc. (NASDAQ:MOBL) will announce ($0.03) earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for MobileIron’s earnings. The lowest EPS estimate is ($0.04) and the highest is ($0.03). MobileIron also reported earnings per share of ($0.03) during the same quarter last year. The firm is scheduled to report its next quarterly earnings results after the market closes on Thursday, February 8th.

On average, analysts expect that MobileIron will report full-year earnings of ($0.25) per share for the current financial year, with EPS estimates ranging from ($0.27) to ($0.24). For the next financial year, analysts forecast that the business will post earnings of ($0.13) per share, with EPS estimates ranging from ($0.17) to ($0.07). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that that provide coverage for MobileIron.

MobileIron (NASDAQ:MOBL) last issued its earnings results on Tuesday, October 31st. The software maker reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). The business had revenue of $42.72 million during the quarter, compared to analysts’ expectations of $42.69 million. MobileIron had a negative return on equity of 164.43% and a negative net margin of 33.88%. MobileIron’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.07) EPS.

MOBL has been the topic of a number of analyst reports. Northland Securities set a $5.00 target price on shares of MobileIron and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Roth Capital initiated coverage on shares of MobileIron in a research report on Wednesday. They issued a “buy” rating and a $7.00 target price on the stock. Zacks Investment Research upgraded shares of MobileIron from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. Imperial Capital cut shares of MobileIron from an “outperform” rating to an “in-line” rating and decreased their target price for the stock from $5.50 to $4.00 in a research report on Wednesday, October 18th. Finally, Raymond James Financial reiterated a “market perform” rating on shares of MobileIron in a research report on Wednesday, October 18th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. MobileIron has a consensus rating of “Hold” and a consensus target price of $5.60.

Shares of MobileIron (NASDAQ MOBL) traded down $0.03 during trading hours on Friday, reaching $4.10. 456,046 shares of the company were exchanged, compared to its average volume of 282,675. The stock has a market cap of $396.23, a PE ratio of -6.41 and a beta of 2.64. MobileIron has a one year low of $3.20 and a one year high of $6.78.

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

Several institutional investors and hedge funds have recently made changes to their positions in the company. Jane Street Group LLC bought a new stake in shares of MobileIron during the 3rd quarter valued at about $162,000. Whetstone Capital Advisors LLC boosted its stake 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 valued at $3,793,000 after purchasing an additional 813,135 shares in the last quarter. Allianz Asset Management GmbH boosted its stake in shares of MobileIron by 23.6% during the 3rd quarter. Allianz Asset Management GmbH now owns 475,329 shares of the software maker’s stock valued at $1,759,000 after purchasing an additional 90,907 shares in the last quarter. OxFORD Asset Management LLP boosted its stake in shares of MobileIron by 80.7% during the 3rd quarter. OxFORD Asset Management LLP now owns 145,853 shares of the software maker’s stock valued at $540,000 after purchasing an additional 65,138 shares in the last quarter. Finally, Formula Growth Ltd. boosted its stake in shares of MobileIron by 100.0% during the 3rd quarter. Formula Growth Ltd. now owns 650,000 shares of the software maker’s stock valued at $2,405,000 after purchasing an additional 325,000 shares in the last quarter. 51.15% of the stock is currently owned by hedge funds and other institutional investors.

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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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