Analysts expect that Mobileiron Inc (NASDAQ:MOBL) will report sales of $50.39 million for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Mobileiron’s earnings. The lowest sales estimate is $49.90 million and the highest is $50.76 million. Mobileiron posted sales of $46.13 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 9.2%. The company is scheduled to report its next quarterly earnings report on Tuesday, July 30th.
On average, analysts expect that Mobileiron will report full year sales of $210.54 million for the current financial year, with estimates ranging from $209.25 million to $212.00 million. For the next year, analysts forecast that the company will post sales of $233.28 million, with estimates ranging from $226.60 million to $237.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Mobileiron.
Mobileiron (NASDAQ:MOBL) last issued its quarterly earnings results on Thursday, April 25th. The software maker reported ($0.15) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.01). The firm had revenue of $48.10 million during the quarter, compared to analyst estimates of $48.10 million. Mobileiron had a negative return on equity of 80.43% and a negative net margin of 22.17%. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter last year, the firm posted ($0.06) EPS.
A number of brokerages have recently issued reports on MOBL. BidaskClub upgraded shares of Mobileiron from a “hold” rating to a “buy” rating in a research report on Friday, April 26th. ValuEngine upgraded shares of Mobileiron from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 4th. Zacks Investment Research downgraded shares of Mobileiron from a “hold” rating to a “sell” rating in a research report on Saturday, April 20th. Finally, Northland Securities restated a “buy” rating and issued a $6.50 price target on shares of Mobileiron in a research report on Thursday, April 11th.
In related news, Director Leslie Stretch bought 11,950 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were bought at an average price of $5.01 per share, for a total transaction of $59,869.50. Following the transaction, the director now directly owns 22,228 shares of the company’s stock, valued at $111,362.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Sohail M. Parekh sold 25,449 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $5.99, for a total transaction of $152,439.51. Following the transaction, the vice president now owns 557,080 shares in the company, valued at approximately $3,336,909.20. The disclosure for this sale can be found here. Insiders sold a total of 65,449 shares of company stock worth $390,640 in the last 90 days. Corporate insiders own 13.48% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its position in shares of Mobileiron by 3.2% during the 4th quarter. Bank of America Corp DE now owns 95,274 shares of the software maker’s stock valued at $437,000 after acquiring an additional 2,915 shares during the period. Menta Capital LLC lifted its position in shares of Mobileiron by 3.6% during the 1st quarter. Menta Capital LLC now owns 86,008 shares of the software maker’s stock valued at $470,000 after acquiring an additional 2,965 shares during the period. Quantamental Technologies LLC lifted its position in shares of Mobileiron by 78.7% during the 1st quarter. Quantamental Technologies LLC now owns 8,400 shares of the software maker’s stock valued at $46,000 after acquiring an additional 3,700 shares during the period. SEI Investments Co lifted its position in shares of Mobileiron by 59.7% during the 1st quarter. SEI Investments Co now owns 16,862 shares of the software maker’s stock valued at $85,000 after acquiring an additional 6,306 shares during the period. Finally, Bank of Montreal Can lifted its position in shares of Mobileiron by 30.3% during the 4th quarter. Bank of Montreal Can now owns 33,202 shares of the software maker’s stock valued at $153,000 after acquiring an additional 7,729 shares during the period. Institutional investors own 62.12% of the company’s stock.
Shares of NASDAQ MOBL opened at $5.42 on Wednesday. The company has a market capitalization of $578.40 million, a PE ratio of -12.90 and a beta of 1.70. Mobileiron has a 52-week low of $3.98 and a 52-week high of $6.58. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.40 and a current ratio of 1.40.
MobileIron, Inc, together with its subsidiaries, provides mobile IT platform that enables enterprises to manage and secure mobile applications, content, and devices while offering their employees with device choice, privacy, and a native user experience worldwide. It offers MobileIron security platform, which includes MobileIron unified endpoint management, a comprehensive security platform that provides the fundamental visibility and IT controls to secure, manage, and monitor various corporate or employee-owned mobile devices or desktops that access business-critical data; MobileIron Access to block untrusted devices and apps from accessing cloud services based on security posture and compliance, as well as provide single sign-on and multifactor authentication for applications on the device; and MobileIron Tunnel that provides secure connectivity through a per-app VPN to connect applications to back-end services.
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