Mobileiron Inc (MOBL) Expected to Announce Quarterly Sales of $48.43 Million

Equities research analysts expect that Mobileiron Inc (NASDAQ:MOBL) will announce sales of $48.43 million for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Mobileiron’s earnings, with the lowest sales estimate coming in at $47.90 million and the highest estimate coming in at $48.86 million. Mobileiron reported sales of $42.72 million during the same quarter last year, which would suggest a positive year over year growth rate of 13.4%. The business is expected to report its next quarterly earnings report on Tuesday, October 30th.

According to Zacks, analysts expect that Mobileiron will report full year sales of $194.02 million for the current financial year, with estimates ranging from $191.20 million to $195.00 million. For the next financial year, analysts forecast that the business will report sales of $212.56 million per share, with estimates ranging from $209.99 million to $216.20 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Mobileiron.

Mobileiron (NASDAQ:MOBL) last announced its quarterly earnings data on Tuesday, July 31st. The software maker reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.03. Mobileiron had a negative net margin of 29.39% and a negative return on equity of 131.24%. The company had revenue of $46.10 million during the quarter, compared to analyst estimates of $45.40 million. During the same quarter last year, the business posted ($0.08) EPS. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis.

MOBL has been the subject of a number of research analyst reports. ValuEngine upgraded shares of Mobileiron from a “hold” rating to a “buy” rating in a report on Wednesday, July 25th. Zacks Investment Research lowered shares of Mobileiron from a “hold” rating to a “sell” rating in a report on Thursday, May 3rd. Finally, BidaskClub lowered shares of Mobileiron from a “buy” rating to a “hold” rating in a report on Wednesday, May 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $6.31.

A number of institutional investors and hedge funds have recently made changes to their positions in MOBL. Wells Fargo & Company MN lifted its holdings in Mobileiron by 37.5% during the 4th quarter. Wells Fargo & Company MN now owns 197,994 shares of the software maker’s stock valued at $772,000 after buying an additional 53,993 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Mobileiron by 1.6% in the 4th quarter. BlackRock Inc. now owns 2,893,466 shares of the software maker’s stock valued at $11,284,000 after purchasing an additional 46,183 shares in the last quarter. TIAA CREF Investment Management LLC raised its holdings in shares of Mobileiron by 19.9% in the 4th quarter. TIAA CREF Investment Management LLC now owns 403,002 shares of the software maker’s stock valued at $1,572,000 after purchasing an additional 66,889 shares in the last quarter. American Century Companies Inc. bought a new stake in shares of Mobileiron in the 1st quarter valued at about $346,000. Finally, Prudential Financial Inc. bought a new stake in shares of Mobileiron in the 1st quarter valued at about $107,000. Institutional investors own 51.53% of the company’s stock.

Shares of MOBL opened at $5.00 on Friday. Mobileiron has a 1-year low of $3.20 and a 1-year high of $5.30. The stock has a market cap of $500.66 million, a P/E ratio of -8.61 and a beta of 2.29.

Mobileiron Company Profile

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.

Featured Article: Dividend Stocks – Are They Right For You?

Get a free copy of the Zacks research report on Mobileiron (MOBL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Mobileiron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mobileiron and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply