Wall Street brokerages predict that MobileIron, Inc. (NASDAQ:MOBL) will report $43.51 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for MobileIron’s earnings, with the highest sales estimate coming in at $43.70 million and the lowest estimate coming in at $43.40 million. MobileIron reported sales of $38.88 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 11.9%. The firm is scheduled to issue its next quarterly earnings report on Thursday, July 27th.
On average, analysts expect that MobileIron will report full year sales of $43.51 million for the current financial year, with estimates ranging from $182.50 million to $183.00 million. For the next year, analysts anticipate that the business will post sales of $204.97 million per share, with estimates ranging from $201.31 million to $208.86 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for MobileIron.
MobileIron (NASDAQ:MOBL) last posted its earnings results on Thursday, April 27th. The software maker reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.05. MobileIron had a negative net margin of 36.01% and a negative return on equity of 132.95%. The company had revenue of $42.29 million during the quarter, compared to analysts’ expectations of $41.88 million. During the same quarter in the previous year, the company posted ($0.13) earnings per share. MobileIron’s quarterly revenue was up 11.3% compared to the same quarter last year.
MOBL has been the subject of a number of research reports. Zacks Investment Research cut shares of MobileIron from a “buy” rating to a “hold” rating in a report on Wednesday, April 12th. Benchmark Co. assumed coverage on shares of MobileIron in a report on Tuesday, April 25th. They set a “buy” rating and a $7.00 price objective for the company. Finally, ValuEngine upgraded shares of MobileIron from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $4.91.
MobileIron (MOBL) traded up 1.220% on Friday, hitting $6.225. 290,903 shares of the stock were exchanged. MobileIron has a 1-year low of $2.56 and a 1-year high of $6.55. The company has a 50-day moving average price of $5.45 and a 200 day moving average price of $4.63. The company’s market capitalization is $464.68 million.
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In other news, major shareholder Sc Xii Management Llc sold 500,000 shares of MobileIron stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $5.10, for a total transaction of $2,550,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Aaref Hilaly sold 39,345 shares of MobileIron stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $4.25, for a total transaction of $167,216.25. Following the transaction, the director now owns 68,424 shares of the company’s stock, valued at $290,802. The disclosure for this sale can be found here. Insiders have sold 638,604 shares of company stock valued at $3,251,838 over the last quarter. Corporate insiders own 36.10% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of Montreal Can boosted its position in shares of MobileIron by 26,262.0% in the first quarter. Bank of Montreal Can now owns 26,362 shares of the software maker’s stock worth $114,000 after buying an additional 26,262 shares in the last quarter. Essex Investment Management Co. LLC acquired a new position in shares of MobileIron during the first quarter worth about $120,000. American International Group Inc. boosted its position in shares of MobileIron by 7.1% in the first quarter. American International Group Inc. now owns 28,640 shares of the software maker’s stock worth $125,000 after buying an additional 1,904 shares in the last quarter. UBS Asset Management Americas Inc. acquired a new position in shares of MobileIron during the first quarter worth about $136,000. Finally, JPMorgan Chase & Co. boosted its position in shares of MobileIron by 320.7% in the first quarter. JPMorgan Chase & Co. now owns 31,878 shares of the software maker’s stock worth $139,000 after buying an additional 24,301 shares in the last quarter. Hedge funds and other institutional investors own 52.76% of the company’s stock.
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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