MobileIron (MOBL) Getting Somewhat Positive Media Coverage, Report Shows

Headlines about MobileIron (NASDAQ:MOBL) have trended somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. MobileIron earned a coverage optimism score of 0.08 on Accern’s scale. Accern also assigned media stories about the software maker an impact score of 47.0962862530436 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

MobileIron (MOBL) opened at $3.85 on Friday. MobileIron has a 12 month low of $3.20 and a 12 month high of $6.78.

MobileIron (NASDAQ:MOBL) last posted its quarterly earnings data on Tuesday, October 31st. The software maker reported ($0.07) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.03). The company had revenue of $42.72 million during the quarter, compared to analyst estimates of $42.69 million. MobileIron had a negative net margin of 33.88% and a negative return on equity of 164.43%. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.07) earnings per share. sell-side analysts forecast that MobileIron will post -0.61 EPS for the current fiscal year.

MOBL has been the subject of several recent research reports. BidaskClub cut MobileIron from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. ValuEngine cut MobileIron from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. UBS AG cut MobileIron from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 18th. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of MobileIron in a research note on Wednesday, October 18th. Finally, Imperial Capital cut MobileIron from an “outperform” rating to an “in-line” rating and cut their target price for the stock from $5.50 to $4.00 in a research note on Wednesday, October 18th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $5.30.

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In other news, VP Daniel C. Fields sold 15,600 shares of the firm’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $3.75, for a total value of $58,500.00. Following the completion of the sale, the vice president now directly owns 423,037 shares in the company, valued at approximately $1,586,388.75. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Daniel C. Fields sold 52,383 shares of the firm’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $3.77, for a total value of $197,483.91. Following the completion of the sale, the vice president now owns 423,037 shares of the company’s stock, valued at $1,594,849.49. The disclosure for this sale can be found here. Company insiders own 31.70% of the company’s stock.

MobileIron Company Profile

MobileIron, Inc (MobileIron) provides a mobile information technology (IT) platform for enterprises to manage and secure mobile applications, content and devices. The Company’s solution provides enterprise security. The MobileIron Platform combines security and enterprise mobility management (EMM) tools, including mobile device management (MDM), mobile application management (MAM), and mobile content management (MCM) capabilities.

Insider Buying and Selling by Quarter for MobileIron (NASDAQ:MOBL)

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