Wall Street analysts expect Mobileiron Inc (NASDAQ:MOBL) to report earnings of ($0.06) per share for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Mobileiron’s earnings. The lowest EPS estimate is ($0.07) and the highest is ($0.02). Mobileiron reported earnings of ($0.08) per share in the same quarter last year, which suggests a positive year over year growth rate of 25%. The business is expected to issue its next quarterly earnings report on Thursday, July 26th.
According to Zacks, analysts expect that Mobileiron will report full-year earnings of ($0.10) per share for the current fiscal year, with EPS estimates ranging from ($0.13) to ($0.09). For the next financial year, analysts forecast that the firm will report earnings of $0.01 per share, with EPS estimates ranging from ($0.04) to $0.05. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Mobileiron.
Mobileiron (NASDAQ:MOBL) last announced its quarterly earnings data on Thursday, April 26th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.01. Mobileiron had a negative return on equity of 172.10% and a negative net margin of 33.64%. The business had revenue of $43.69 million for the quarter, compared to analysts’ expectations of $43.78 million. During the same period in the previous year, the business posted ($0.06) EPS. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year.
A number of equities research analysts recently issued reports on MOBL shares. BidaskClub upgraded Mobileiron from a “hold” rating to a “buy” rating in a research note on Thursday, June 21st. ValuEngine upgraded Mobileiron from a “hold” rating to a “buy” rating in a research note on Wednesday, June 13th. Finally, Zacks Investment Research cut Mobileiron from a “buy” rating to a “hold” rating in a research report on Tuesday, April 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $6.05.
Hedge funds and other institutional investors have recently modified their holdings of the company. Prudential Financial Inc. purchased a new position in shares of Mobileiron during the first quarter worth about $107,000. MetLife Investment Advisors LLC purchased a new position in shares of Mobileiron during the first quarter worth about $140,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Mobileiron during the first quarter worth about $142,000. Cubist Systematic Strategies LLC purchased a new position in shares of Mobileiron during the first quarter worth about $148,000. Finally, SG Americas Securities LLC purchased a new position in shares of Mobileiron during the fourth quarter worth about $135,000. 51.40% of the stock is owned by institutional investors.
Mobileiron traded up $0.10, reaching $4.55, during midday trading on Friday, Marketbeat.com reports. The stock had a trading volume of 14,054 shares, compared to its average volume of 558,270. Mobileiron has a 12 month low of $3.20 and a 12 month high of $6.55. The stock has a market capitalization of $462.92 million, a P/E ratio of -7.81 and a beta of 2.29.
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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