Revenue Update on Mobileiron Inc(NASDAQ:MOBL)

Mobileiron Inc(NASDAQ:MOBL) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $38.88M. Analysts estimated a revenue of $37.94M. Earnings per share were $-0.14. Analysts had estimated an EPS of $-0.15.

In a different note, 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. On May 12, 2016, Imperial Capital said it Maintains its rating on Mobileiron Inc. In the research note, the firm Lowers the price-target to $5.50 per share. The shares have been rated ‘Outperform’ by the firm.

Mobileiron Inc (MOBL) remained unchanged at the close of Thursday session. Even as the volume increased to 1,40,242 ,the shares failed to make any impression and ended at 0 points or 0.00% at $3.45. The trading session commenced at $3.43 and the stock hit a high of $3.5 and touched $3.34 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $5.73 and the 52-week low is $2.78. The company has a market cap of $296 M and has approximately 8,57,14,533 outstanding shares.

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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