Mobileiron Inc (NASDAQ:MOBL) Expected to Post Quarterly Sales of $52.48 Million

Analysts expect that Mobileiron Inc (NASDAQ:MOBL) will report sales of $52.48 million for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Mobileiron’s earnings. The highest sales estimate is $52.90 million and the lowest is $52.04 million. Mobileiron posted sales of $49.25 million during the same quarter last year, which suggests a positive year-over-year growth rate of 6.6%. The business is expected to issue its next earnings report on Tuesday, October 29th.

According to Zacks, analysts expect that Mobileiron will report full-year sales of $209.66 million for the current year, with estimates ranging from $209.25 million to $210.00 million. For the next financial year, analysts forecast that the company will post sales of $232.15 million, with estimates ranging from $226.60 million to $236.70 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Mobileiron.

Mobileiron (NASDAQ:MOBL) last announced its earnings results on Thursday, August 1st. The software maker reported ($0.04) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.10. Mobileiron had a negative return on equity of 89.20% and a negative net margin of 23.43%. The company had revenue of $50.87 million for the quarter, compared to analyst estimates of $50.66 million. During the same period in the prior year, the company posted ($0.04) EPS. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year.



Several research analysts recently issued reports on the company. ValuEngine raised Mobileiron from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 4th. Craig Hallum assumed coverage on Mobileiron in a research report on Wednesday, July 24th. They set a “buy” rating and a $11.00 target price on the stock. Zacks Investment Research raised Mobileiron from a “hold” rating to a “strong-buy” rating and set a $7.75 target price on the stock in a research report on Tuesday, August 13th. Morgan Stanley upped their target price on Mobileiron from $5.00 to $8.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Finally, Northland Securities reaffirmed a “buy” rating and set a $9.00 target price on shares of Mobileiron in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. Mobileiron currently has an average rating of “Buy” and a consensus price target of $8.94.

In other Mobileiron news, CEO Simon Biddiscombe sold 45,089 shares of the business’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $6.25, for a total transaction of $281,806.25. Following the sale, the chief executive officer now owns 1,371,601 shares in the company, valued at approximately $8,572,506.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Ventures Fund Lp Storm III sold 1,300,000 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $6.74, for a total value of $8,762,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,230,912 shares of company stock worth $15,007,297. Company insiders own 13.48% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Aperio Group LLC purchased a new stake in Mobileiron during the 2nd quarter valued at about $41,000. Quantamental Technologies LLC boosted its stake in shares of Mobileiron by 78.7% in the first 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 during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Mobileiron by 519.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,091 shares of the software maker’s stock worth $50,000 after buying an additional 6,785 shares during the last quarter. Thompson Siegel & Walmsley LLC purchased a new stake in shares of Mobileiron in the first quarter worth about $57,000. Finally, United Services Automobile Association purchased a new stake in shares of Mobileiron in the second quarter worth about $68,000. Institutional investors and hedge funds own 61.18% of the company’s stock.

NASDAQ:MOBL traded up $0.05 during mid-day trading on Tuesday, hitting $7.11. 2,013,206 shares of the company’s stock traded hands, compared to its average volume of 1,164,526. The company has a fifty day moving average of $6.68 and a 200 day moving average of $5.76. Mobileiron has a twelve month low of $3.98 and a twelve month high of $7.42. The company has a market capitalization of $767.58 million, a P/E ratio of -16.93 and a beta of 1.70. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.31 and a current ratio of 1.31.

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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