Mobileiron (NASDAQ:MOBL) will be issuing its quarterly earnings data after the market closes on Tuesday, October 30th. Analysts expect the company to announce earnings of ($0.13) per share for the quarter.
Mobileiron (NASDAQ:MOBL) last announced its quarterly earnings data on Tuesday, July 31st. The software maker reported ($0.04) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.03. Mobileiron had a negative return on equity of 131.24% and a negative net margin of 29.39%. The business had revenue of $46.10 million during the quarter, compared to the consensus estimate of $45.40 million. During the same period in the previous year, the company posted ($0.08) earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, analysts expect Mobileiron to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of Mobileiron stock opened at $4.44 on Tuesday. Mobileiron has a one year low of $3.42 and a one year high of $5.71.
A number of equities analysts recently issued reports on the company. BidaskClub downgraded Mobileiron from a “hold” rating to a “sell” rating in a report on Saturday, October 13th. ValuEngine downgraded Mobileiron from a “buy” rating to a “hold” rating in a report on Thursday, July 19th. Finally, Zacks Investment Research downgraded Mobileiron from a “hold” rating to a “sell” rating in a report on Friday, June 29th. Two equities research analysts have rated the stock with a sell rating and four have assigned a buy rating to the stock. Mobileiron has an average rating of “Hold” and an average target price of $6.31.
An institutional investor recently raised its position in Mobileiron stock. Bank of New York Mellon Corp boosted its holdings in Mobileiron Inc (NASDAQ:MOBL) by 73.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 366,155 shares of the software maker’s stock after purchasing an additional 155,196 shares during the quarter. Bank of New York Mellon Corp owned about 0.36% of Mobileiron worth $1,629,000 as of its most recent SEC filing. 52.35% of the stock is currently owned by hedge funds and other institutional investors.
Mobileiron Company Profile
MobileIron, Inc provides a purpose-built 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 in the United States and internationally. The company offers MobileIron platform, a government-grade security platform, which combines cloud security, unified endpoint management, secure connectivity, and threat intelligence into an integrated solution designed to protect business data in order to deliver enterprise services to users.
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