MobileIron (MOBL) Expected to Announce Quarterly Sales of $43.78 Million

Analysts expect that MobileIron (NASDAQ:MOBL) will post $43.78 million in sales for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for MobileIron’s earnings. The lowest sales estimate is $43.50 million and the highest is $44.00 million. MobileIron posted sales of $42.29 million in the same quarter last year, which suggests a positive year over year growth rate of 3.5%. The firm is scheduled to report its next quarterly earnings report after the market closes on Thursday, April 26th.

On average, analysts expect that MobileIron will report full year sales of $192.77 million for the current financial year, with estimates ranging from $190.25 million to $195.00 million. For the next fiscal year, analysts anticipate that the business will post sales of $209.39 million per share, with estimates ranging from $200.00 million to $215.99 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for MobileIron.

How to Become a New Pot Stock Millionaire

MobileIron (NASDAQ:MOBL) last announced its quarterly earnings results on Thursday, February 8th. The software maker reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.04. The business had revenue of $48.83 million for the quarter, compared to analyst estimates of $46.47 million. MobileIron had a negative return on equity of 181.27% and a negative net margin of 31.90%.



Several brokerages have issued reports on MOBL. BidaskClub upgraded MobileIron from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded MobileIron from a “hold” rating to a “buy” rating and set a $5.50 price target on the stock in a report on Thursday, April 12th. ValuEngine upgraded MobileIron from a “sell” rating to a “hold” rating in a report on Friday, February 9th. Imperial Capital upgraded MobileIron from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $4.00 to $5.75 in a report on Monday, February 12th. Finally, Northland Securities set a $7.00 price target on MobileIron and gave the stock a “buy” rating in a report on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $6.21.

NASDAQ:MOBL traded down $0.03 on Tuesday, hitting $4.80. The stock had a trading volume of 1,203,011 shares, compared to its average volume of 350,080. The firm has a market cap of $482.69, a P/E ratio of -8.42 and a beta of 2.33. MobileIron has a 52 week low of $3.20 and a 52 week high of $6.78.

In related news, VP Daniel C. Fields sold 71,875 shares of MobileIron stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $5.14, for a total transaction of $369,437.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Aaref Hilaly sold 20,131 shares of MobileIron stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $4.83, for a total value of $97,232.73. Following the sale, the director now owns 100,534 shares in the company, valued at $485,579.22. The disclosure for this sale can be found here. Insiders sold 154,761 shares of company stock worth $776,446 in the last 90 days. Corporate insiders own 31.70% of the company’s stock.

A number of institutional investors have recently modified their holdings of MOBL. North Run Capital LP bought a new stake in MobileIron during the fourth quarter worth $2,764,000. Cowen Prime Services LLC bought a new stake in MobileIron during the fourth quarter worth $2,511,000. Greenhouse Funds LLLP lifted its holdings in MobileIron by 30.8% during the fourth quarter. Greenhouse Funds LLLP now owns 2,660,285 shares of the software maker’s stock worth $10,375,000 after acquiring an additional 626,516 shares during the period. JPMorgan Chase & Co. lifted its holdings in MobileIron by 60.3% during the third quarter. JPMorgan Chase & Co. now owns 286,095 shares of the software maker’s stock worth $1,015,000 after acquiring an additional 107,581 shares during the period. Finally, Engine Capital Management LLC bought a new stake in MobileIron during the fourth quarter worth $395,000. Institutional investors and hedge funds own 46.24% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “MobileIron (MOBL) Expected to Announce Quarterly Sales of $43.78 Million” was first reported by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The original version of this piece can be read at https://stocknewstimes.com/2018/04/22/mobileiron-mobl-expected-to-announce-quarterly-sales-of-43-78-million.html.

About MobileIron

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.

Get a free copy of the Zacks research report on MobileIron (MOBL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for MobileIron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MobileIron and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply