Mobileiron Inc (MOBL) Expected to Post Earnings of $0.03 Per Share

Wall Street analysts predict that Mobileiron Inc (NASDAQ:MOBL) will report earnings of $0.03 per share for the current quarter, according to Zacks. Three analysts have made estimates for Mobileiron’s earnings. The highest EPS estimate is $0.04 and the lowest is $0.03. The company is scheduled to issue its next quarterly earnings report on Thursday, February 14th.

On average, analysts expect that Mobileiron will report full-year earnings of ($0.04) per share for the current fiscal year, with EPS estimates ranging from ($0.05) to ($0.03). For the next fiscal year, analysts expect that the company will report earnings of $0.03 per share, with EPS estimates ranging from ($0.03) to $0.08. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Mobileiron.

Mobileiron (NASDAQ:MOBL) last issued its earnings results on Tuesday, October 30th. The software maker reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.04. The business had revenue of $49.25 million for the quarter, compared to analyst estimates of $48.42 million. Mobileiron had a negative return on equity of 89.47% and a negative net margin of 23.27%. The business’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the company posted ($0.07) EPS.

MOBL has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Mobileiron from a “hold” rating to a “strong-buy” rating and set a $5.50 target price on the stock in a research report on Wednesday, November 7th. BidaskClub lowered Mobileiron from a “hold” rating to a “sell” rating in a research report on Saturday, October 13th. Finally, ValuEngine raised Mobileiron from a “hold” rating to a “buy” rating in a research report on Wednesday, July 25th. One analyst has rated the stock with a sell rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $6.31.

Institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. grew its position in Mobileiron by 24.4% in the 2nd quarter. BlackRock Inc. now owns 4,665,416 shares of the software maker’s stock valued at $20,763,000 after acquiring an additional 915,314 shares during the last quarter. ACK Asset Management LLC bought a new position in Mobileiron in the 3rd quarter valued at $2,541,000. Cowen Prime Services LLC grew its position in shares of Mobileiron by 68.4% during the 2nd quarter. Cowen Prime Services LLC now owns 1,050,500 shares of the software maker’s stock worth $4,675,000 after buying an additional 426,700 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Mobileiron by 18.1% during the 3rd quarter. Renaissance Technologies LLC now owns 2,377,500 shares of the software maker’s stock worth $12,601,000 after buying an additional 365,100 shares in the last quarter. Finally, Formula Growth Ltd. grew its position in shares of Mobileiron by 27.3% during the 2nd quarter. Formula Growth Ltd. now owns 1,400,000 shares of the software maker’s stock worth $6,230,000 after buying an additional 300,000 shares in the last quarter. 50.56% of the stock is owned by hedge funds and other institutional investors.

NASDAQ MOBL traded down $0.06 on Friday, reaching $4.83. The company’s stock had a trading volume of 34,060 shares, compared to its average volume of 302,406. The stock has a market cap of $516.16 million, a P/E ratio of -8.47 and a beta of 2.12. Mobileiron has a 52 week low of $3.78 and a 52 week high of $5.71.

About Mobileiron

MobileIron, Inc provides a purpose-built mobile IT platform that enables enterprises to manage and secure mobile applications, content, and devices while offering their employees with device choice, privacy, and a native user experience in the United States and internationally. The company offers MobileIron platform, a government-grade security platform, which combines cloud security, unified endpoint management, secure connectivity, and threat intelligence into an integrated solution designed to protect business data in order to deliver enterprise services to users.

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