Morgan Stanley Maintains Mobileiron Inc to Equal-weight with Price Target $2.75

Brokerage firm Morgan Stanley Maintains its rating on Mobileiron Inc(NASDAQ:MOBL). In a research note issued to the investors, the brokerage major Lowers the price-target to $2.75 per share. The shares have been rated Equal-weight. The rating by Morgan Stanley was issued on Sep 19, 2016.

In a different note, On Sep 13, 2016, Wunderlich said it Assumes its rating on Mobileiron Inc. The shares have been rated ‘Hold’ by the firm. On Jul 15, 2016, Barclays said it Downgrades its rating on Mobileiron Inc. In the research note, the firm Lowers the price-target to $6.00 per share. The shares have been rated ‘Underweight’ by the firm.

Mobileiron Inc (MOBL) made into the market gainers list on Thursdays trading session with the shares advancing 2.91% or 0.075 points. Due to strong positive momentum, the stock ended at $2.65, which is also near the day’s high of $2.68. The stock began the session at $2.62 and the volume stood at 3,21,654 shares. The 52-week high of the shares is $4.78 and the 52 week low is $2.56. The company has a current market capitalization of $227 M and it has 8,57,14,533 shares in outstanding.

Mobileiron Inc(MOBL) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $38.88M. Analysts had an estimated revenue of $37.94M. Earnings per share were $-0.14. Analysts had estimated an EPS of $-0.15.

Several Insider Transactions has been reported to the SEC. On Mar 7, 2016, Barry Mainz (CEO) purchased 51,200 shares at $3.90 per share price.Also, On Nov 30, 2015, Laurel Finch (VP Legal, General Cousel, Secy) sold 2,487 shares at $4.11 per share price.

MobileIron Inc. formerly Mobile Iron Inc. provides a purpose-built mobile Information Technology (IT) platform for enterprises to secure and manage mobile applications or apps content and devices while providing their employees with device choice privacy and a native user experience. The Company has introduced new products and functionality to address the management and security of mobile applications and content and has extended its solution to a cloud offering to enable deployment flexibility for its customers. The Company’s platform enables four areas of functionality which include Mobile Device Management (MDM) Mobile Application Management (MAM) Mobile Content Management (MCM) and Advanced Services. It focuses on customers of all sizes across a range of industries including financial services government healthcare legal manufacturing professional services retail technology and telecommunications.

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