Equities analysts expect MobileIron, Inc. (NASDAQ:MOBL) to post $45.13 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for MobileIron’s earnings, with the highest sales estimate coming in at $45.34 million and the lowest estimate coming in at $45.00 million. MobileIron posted sales of $41.57 million in the same quarter last year, which suggests a positive year-over-year growth rate of 8.6%. The business is expected to report its next quarterly earnings results on Thursday, October 26th.
According to Zacks, analysts expect that MobileIron will report full-year sales of $45.13 million for the current year, with estimates ranging from $179.45 million to $180.38 million. For the next fiscal year, analysts forecast that the company will report sales of $200.13 million per share, with estimates ranging from $197.83 million to $202.40 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that that provide coverage for MobileIron.
MobileIron (NASDAQ:MOBL) last announced its quarterly earnings data on Thursday, July 27th. The software maker reported ($0.08) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.08. MobileIron had a negative return on equity of 136.81% and a negative net margin of 32.67%. 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 previous year, the business posted ($0.14) EPS. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year.
A number of research analysts have weighed in on MOBL shares. BidaskClub downgraded MobileIron from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Northland Securities reaffirmed a “buy” rating and issued a $7.00 price objective on shares of MobileIron in a research note on Friday, July 14th. ValuEngine raised MobileIron from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Barclays PLC reaffirmed a “sell” rating and issued a $5.00 price objective on shares of MobileIron in a research note on Wednesday, July 19th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. MobileIron currently has a consensus rating of “Hold” and a consensus target price of $5.28.
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In related news, VP Daniel C. Fields sold 15,600 shares of MobileIron stock in a transaction that occurred 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 sale, the vice president now owns 423,037 shares of the company’s stock, valued at approximately $1,586,388.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Laurel Finch sold 4,676 shares of MobileIron stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders have sold a total of 74,997 shares of company stock worth $300,172 in the last three months. 31.70% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. ETF Managers Group LLC purchased a new position in MobileIron during the 2nd quarter valued at approximately $19,387,000. Vanguard Group Inc. grew its holdings in MobileIron by 13.0% during the 2nd quarter. Vanguard Group Inc. now owns 2,968,465 shares of the software maker’s stock valued at $17,960,000 after buying an additional 340,924 shares in the last quarter. Renaissance Technologies LLC grew its holdings in MobileIron by 143.7% during the 2nd quarter. Renaissance Technologies LLC now owns 2,741,600 shares of the software maker’s stock valued at $16,587,000 after buying an additional 1,616,600 shares in the last quarter. FMR LLC grew its holdings in MobileIron by 973.7% during the 2nd quarter. FMR LLC now owns 1,347,500 shares of the software maker’s stock valued at $8,152,000 after buying an additional 1,222,000 shares in the last quarter. Finally, State Street Corp grew its holdings in MobileIron by 24.7% during the 2nd quarter. State Street Corp now owns 873,693 shares of the software maker’s stock valued at $5,285,000 after buying an additional 173,155 shares in the last quarter. 54.87% of the stock is currently owned by institutional investors.
Shares of MobileIron (NASDAQ MOBL) traded down 7.59% during midday trading on Friday, reaching $3.65. The company had a trading volume of 3,488,663 shares. The firm’s market capitalization is $272.47 million. MobileIron has a 12-month low of $2.56 and a 12-month high of $6.78. The company has a 50 day moving average of $3.99 and a 200 day moving average of $4.87.
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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