Mobileiron (NASDAQ:MOBL) released its quarterly earnings data on Wednesday. The software maker reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.07, MarketWatch Earnings reports. Mobileiron had a negative net margin of 17.37% and a negative return on equity of 96.72%. The company had revenue of $58.93 million for the quarter, compared to analyst estimates of $49.91 million. During the same period in the previous year, the business earned ($0.04) EPS. Mobileiron’s revenue for the quarter was up 15.8% compared to the same quarter last year. Mobileiron updated its FY 2020
After-Hours guidance to EPS and its Q3 2020
After-Hours guidance to EPS.

Shares of Mobileiron stock traded down $0.72 during trading hours on Friday, reaching $5.95. The company’s stock had a trading volume of 84,267 shares, compared to its average volume of 940,385. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.33 and a current ratio of 1.33. The stock’s fifty day simple moving average is $5.02 and its two-hundred day simple moving average is $4.54. Mobileiron has a one year low of $2.94 and a one year high of $7.79. The company has a market capitalization of $683.57 million, a P/E ratio of -17.78 and a beta of 1.51.

In related news, VP Brian Foster sold 7,500 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $4.50, for a total transaction of $33,750.00. Following the transaction, the vice president now directly owns 383,742 shares of the company’s stock, valued at $1,726,839. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Sohail M. Parekh sold 40,000 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $4.74, for a total transaction of $189,600.00. Following the transaction, the vice president now directly owns 511,232 shares in the company, valued at $2,423,239.68. The disclosure for this sale can be found here. 17.30% of the stock is owned by company insiders.

A number of research analysts recently commented on MOBL shares. BidaskClub upgraded shares of Mobileiron from a “hold” rating to a “buy” rating in a research note on Friday, July 24th. Zacks Investment Research upgraded shares of Mobileiron from a “hold” rating to a “buy” rating and set a $5.25 price target on the stock in a research note on Friday, May 1st. Finally, Northland Securities reiterated a “hold” rating and issued a $6.00 price target (up previously from $5.00) on shares of Mobileiron in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $6.42.

About Mobileiron

MobileIron, Inc, together with its subsidiaries, provides 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 worldwide. It offers MobileIron security platform, which includes MobileIron unified endpoint management, a comprehensive security platform that provides the fundamental visibility and IT controls to secure, manage, and monitor various corporate or employee-owned mobile devices or desktops that access business-critical data; MobileIron Access to block untrusted devices and apps from accessing cloud services based on security posture and compliance, as well as provide single sign-on and multifactor authentication for applications on the device; and MobileIron Tunnel that provides secure connectivity through a per-app VPN to connect applications to back-end services.

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Earnings History for Mobileiron (NASDAQ:MOBL)

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