Equities analysts expect that Mobileiron Inc (NASDAQ:MOBL) will post earnings per share (EPS) of ($0.04) for the current quarter, according to Zacks. Three analysts have made estimates for Mobileiron’s earnings, with estimates ranging from ($0.05) to ($0.03). Mobileiron also posted earnings per share of ($0.04) in the same quarter last year. The firm is scheduled to issue its next earnings results on Tuesday, July 30th.
On average, analysts expect that Mobileiron will report full-year earnings of ($0.01) per share for the current financial year, with EPS estimates ranging from ($0.04) to $0.01. For the next year, analysts expect that the business will post earnings of $0.08 per share, with EPS estimates ranging from $0.06 to $0.10. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Mobileiron.
Mobileiron (NASDAQ:MOBL) last posted its earnings results on Thursday, April 25th. The software maker reported ($0.15) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.01). The business had revenue of $48.10 million for the quarter, compared to analyst estimates of $48.10 million. Mobileiron had a negative net margin of 22.17% and a negative return on equity of 80.43%. The business’s revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.06) EPS.
Several research firms recently weighed in on MOBL. ValuEngine upgraded shares of Mobileiron from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 4th. BidaskClub lowered shares of Mobileiron from a “hold” rating to a “sell” rating in a report on Tuesday. Northland Securities restated a “buy” rating and set a $6.50 target price on shares of Mobileiron in a report on Thursday, April 11th. Finally, Zacks Investment Research lowered shares of Mobileiron from a “hold” rating to a “sell” rating in a report on Saturday, April 20th.
In related news, VP Sohail M. Parekh sold 10,000 shares of Mobileiron stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $6.09, for a total transaction of $60,900.00. Following the transaction, the vice president now owns 557,080 shares in the company, valued at approximately $3,392,617.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $5.99, for a total transaction of $152,439.51. Following the completion of 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 have sold a total of 65,449 shares of company stock worth $390,640 in the last 90 days. Company insiders own 13.48% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Quantamental Technologies LLC lifted its holdings in Mobileiron by 78.7% in the 1st quarter. Quantamental Technologies LLC now owns 8,400 shares of the software maker’s stock worth $46,000 after buying an additional 3,700 shares in the last quarter. Thompson Siegel & Walmsley LLC acquired a new position in Mobileiron in the 1st quarter worth $57,000. Amalgamated Bank acquired a new position in Mobileiron in the 4th quarter worth $50,000. GSA Capital Partners LLP acquired a new position in Mobileiron in the 4th quarter worth $68,000. Finally, BNP Paribas Arbitrage SA lifted its holdings in Mobileiron by 2,038.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 16,272 shares of the software maker’s stock worth $89,000 after buying an additional 15,511 shares in the last quarter. Hedge funds and other institutional investors own 62.12% of the company’s stock.
NASDAQ:MOBL opened at $5.47 on Monday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.24. The firm has a market cap of $594.71 million, a P/E ratio of -13.02 and a beta of 1.70. Mobileiron has a twelve month low of $3.98 and a twelve month high of $6.58.
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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