The stock of Mobileiron Inc (NASDAQ:MOBL) is a huge mover today! About 2.06 million shares traded hands or 496.82% up from the average. Mobileiron Inc (NASDAQ:MOBL) has declined 33.42% since March 7, 2016 and is downtrending. It has underperformed by 41.01% the S&P500.
The move comes after 6 months positive chart setup for the $262.36 million company. It was reported on Oct, 10 by Barchart.com. We have $5.12 PT which if reached, will make NASDAQ:MOBL worth $170.53 million more.
Analysts await Mobileiron Inc (NASDAQ:MOBL) to report earnings on November, 3. They expect $-0.22 earnings per share, up 24.14% or $0.07 from last year’s $-0.29 per share. After $-0.27 actual earnings per share reported by Mobileiron Inc for the previous quarter, Wall Street now forecasts -18.52% EPS growth.
Mobileiron Inc (NASDAQ:MOBL) Ratings Coverage
Out of 8 analysts covering MobileIron (NASDAQ:MOBL), 3 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 38% are positive. MobileIron has been the topic of 14 analyst reports since July 31, 2015 according to StockzIntelligence Inc. On Thursday, May 12 the stock rating was maintained by Imperial Capital with “Outperform”. Goldman Sachs downgraded the shares of MOBL in a report on Wednesday, September 9 to “Neutral” rating. On Friday, April 29 the stock rating was maintained by Wunderlich with “Buy”. Sterne Agee CRT initiated the stock with “Buy” rating in Tuesday, April 5 report. Wunderlich reinitiated Mobileiron Inc (NASDAQ:MOBL) on Tuesday, September 13 with “Hold” rating. The rating was maintained by Imperial Capital on Tuesday, February 9 with “Outperform”. The firm earned “Buy” rating on Tuesday, August 11 by Zacks. The firm earned “Hold” rating on Friday, September 4 by Deutsche Bank. Imperial Capital maintained Mobileiron Inc (NASDAQ:MOBL) rating on Tuesday, November 3. Imperial Capital has “Outperform” rating and $6 price target. The stock of Mobileiron Inc (NASDAQ:MOBL) has “Underweight” rating given on Friday, July 15 by Barclays Capital.
According to Zacks Investment Research, “MobileIron, Inc. is engaged in providing security and management solutions for mobile applications, content, and devices. The Company provides software tools for device management, activity intelligence, and security. MobileIron offers multi-OS mobile device management software, mobile application management, Wireless Expense Management, Enterprise Mobility, Mobile Device Security and Bring-Your-Own-Device privacy controls, MobileIron Virtual Smartphone Platform. It serves financial services, government, healthcare, legal, manufacturing, professional services, retail, technology, and telecommunications industries in the United States and internationally. MobileIron, Inc. is headquartered in Mountain View, California.”
Insitutional Activity: The institutional sentiment decreased to 1.35 in Q2 2016. Its down 0.21, from 1.56 in 2016Q1. The ratio dived, as 9 funds sold all Mobileiron Inc shares owned while 17 reduced positions. 4 funds bought stakes while 31 increased positions. They now own 43.29 million shares or 0.14% more from 43.23 million shares in 2016Q1.
Stonebridge Management Inc holds 0.02% of its portfolio in Mobileiron Inc (NASDAQ:MOBL) for 15,025 shares. The Illinois-based Northern Trust Corporation has invested 0% in Mobileiron Inc (NASDAQ:MOBL). Citigroup holds 0% of its portfolio in Mobileiron Inc (NASDAQ:MOBL) for 14,592 shares. Manufacturers Life Co The, a Ontario – Canada-based fund reported 37,815 shares. California State Teachers Retirement System has 97,489 shares for 0% of their US portfolio. Amer Gp has 0% invested in the company for 26,764 shares. Sc Xii Mgmt Limited Liability Com holds 17.74% or 9.88M shares in its portfolio. Blackrock Grp Limited holds 9,749 shares or 0% of its portfolio. Savings Bank Of New York Mellon Corporation has invested 0% of its portfolio in Mobileiron Inc (NASDAQ:MOBL). Tiaa Cref Management Ltd Liability Company reported 134,344 shares or 0% of all its holdings. State Street Corp has 0% invested in the company for 641,595 shares. Moreover, Norwest Venture Prtn X Ltd Partnership has 40.53% invested in Mobileiron Inc (NASDAQ:MOBL) for 12.32M shares. Renaissance Technology Limited Company has invested 0% of its portfolio in Mobileiron Inc (NASDAQ:MOBL). Vanguard Gp Inc reported 2.56M shares or 0% of all its holdings. Sylebra Hk Limited reported 973,897 shares or 0.28% of all its holdings.
More important recent Mobileiron Inc (NASDAQ:MOBL) news were published by: Fool.com which released: “Why Shares of MobileIron Are Soaring Today” on October 10, 2016, also Seekingalpha.com published article titled: “MobileIron higher after raising Q3 guidance”, Prnewswire.com published: “MobileIron Announces Fiscal Fourth Quarter and Full Year 2015 Financial Results” on February 04, 2016. More interesting news about Mobileiron Inc (NASDAQ:MOBL) was released by: Seekingalpha.com and their article: “MobileIron: Will Survive The Turnaround” with publication date: April 18, 2016.
MOBL Company Profile
MobileIron, Inc., formerly Mobile Iron, Inc., incorporated on July 23, 2007, provides a purpose-built mobile Information Technology (IT) platform for enterprises to secure and manage mobile applications, content and devices. The Firm offers its clients the flexibility to use its software as a cloud service or to deploy it on premise. The Company’s clients include a range of industries, such as financial services, government, healthcare, legal, manufacturing, professional services, retail, technology and telecommunications. The Company’s platform is composed of over three integrated and distributed software components, including a mobile IT policy server or Core that allows IT departments to define security and device management policies across mobile operating systems; software on the device or Client that carries out policies at the mobile end-point, and an in-line gateway or Sentry that secures data as it moves between the device and back-end enterprise systems. The platform’s components work together to provide end-to-end security for enterprise data by implementing IT policies defined in Core on the data-at-rest through Client and data-in-motion with Sentry.
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