Stock On Watch: Mobileiron Inc Has Another Very Weak Trading Session

Stock On Watch: Mobileiron Inc Has Another Very Weak Trading Session

The stock of Mobileiron Inc (NASDAQ:MOBL) is a huge mover today! About 819,311 shares traded hands or 32.80% up from the average. Mobileiron Inc (NASDAQ:MOBL) has declined 7.73% since March 9, 2016 and is downtrending. It has underperformed by 15.14% the S&P500.
The move comes after 6 months negative chart setup for the $310.93 million company. It was reported on Oct, 12 by Barchart.com. We have $3.01 PT which if reached, will make NASDAQ:MOBL worth $43.53 million less.

Analysts await Mobileiron Inc (NASDAQ:MOBL) to report earnings on November, 3. They expect $-0.22 EPS, up 24.14% or $0.07 from last year’s $-0.29 per share. After $-0.27 actual EPS 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. Barclays Capital downgraded the shares of MOBL in a report on Friday, July 15 to “Underweight” rating. The stock of Mobileiron Inc (NASDAQ:MOBL) earned “Neutral” rating by Goldman Sachs on Wednesday, September 9. Wunderlich reinitiated Mobileiron Inc (NASDAQ:MOBL) on Tuesday, September 13 with “Hold” rating. The company was maintained on Friday, September 4 by Deutsche Bank. The rating was maintained by Wunderlich on Friday, April 29 with “Buy”. Morgan Stanley maintained it with “Equal-Weight” rating and $2.75 target price in Monday, September 19 report. The stock of Mobileiron Inc (NASDAQ:MOBL) has “Outperform” rating given on Tuesday, February 9 by Imperial Capital. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, July 31. Imperial Capital maintained Mobileiron Inc (NASDAQ:MOBL) on Tuesday, November 3 with “Outperform” rating. Imperial Capital maintained Mobileiron Inc (NASDAQ:MOBL) rating on Thursday, May 12. Imperial Capital has “Outperform” rating and $4.50 price target.

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 2016 Q2. Its down 0.21, from 1.56 in 2016Q1. The ratio fall, 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.
Price T Rowe Associates Md reported 118,885 shares or 0% of all its holdings. Caisse De Depot Et Placement Du Quebec holds 0.01% or 1.45M shares in its portfolio. Royal Savings Bank Of Canada owns 1,800 shares or 0% of their US portfolio. Citadel Advisors Ltd has 0% invested in the company for 172,406 shares. Creative Planning owns 1,100 shares or 0% of their US portfolio. General Mtrs Invest Mngmt Corp holds 270,737 shares or 2.54% of its portfolio. Connor Clark And Lunn Mngmt Ltd has 0% invested in the company for 18,425 shares. Tiaa Cref Investment Management owns 134,344 shares or 0% of their US portfolio. New York State Common Retirement Fund, a New York-based fund reported 35,500 shares. Stonebridge Capital accumulated 15,025 shares or 0.02% of the stock. Sylebra Hk Company Limited reported 973,897 shares or 0.28% of all its holdings. Tower Cap Ltd Liability Co (Trc) has invested 0% of its portfolio in Mobileiron Inc (NASDAQ:MOBL). Kornitzer Capital Management Ks owns 168,600 shares or 0.01% of their US portfolio. Deutsche Fincl Bank Ag has invested 0% of its portfolio in Mobileiron Inc (NASDAQ:MOBL). Credit Suisse Ag holds 47,308 shares or 0% of its portfolio.

More news for Mobileiron Inc (NASDAQ:MOBL) were recently published by: Seekingalpha.com, which released: “MobileIron: Turnaround Play With Some Risk” on October 12, 2016. Seekingalpha.com‘s article titled: “MobileIron higher after raising Q3 guidance” and published on October 10, 2016 is yet another important article.

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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