-$0.04 EPS Expected for Mobileiron Inc (NASDAQ:MOBL) This Quarter

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.

About Mobileiron

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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