Raymond James Financial, Inc. Reiterates "Market Perform" Rating for MobileIron, Inc. (MOBL)

Angelo Anderson
October 22, 2017

Mobileiron Inc Cmn (NASDAQ:MOBL) has trailing twelve month Return on Assets of -37.1%, which is key indicator of how profitable a company is relative to its total assets. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. Accern also assigned headlines about the software maker an impact score of 46.7891844114587 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near future.

Displaying a price of $5.45, Mobileiron Inc (NASDAQ:MOBL) traded 8.70% higher on the day. With short interest at 1,075,459 and short average daily volume at 559,064, the short-interest ratio is 2.0 and the percentage of shorted shares was 0.01% on September 29. The stock's market capitalization is 281.80M, it has a 52-week low of 3.20 and a 52-week high of 6.78.

The shares are among the market's biggest gainers today. MOBL has recorded a 50-day moving average of $3.77 and a 200-day moving average of $4.75. The software maker reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.08. Its revenue totaled $43.69 million up 3.31% from the previous quarter. This showed a surprise of 0% in the last quarter earnings. The company's revenue was up 9.6% on a year-over-year basis. Equities analysts expect that MobileIron will post ($0.24) EPS for the current year.

Other analysts also recently issued reports about the company. BidaskClub cut MobileIron from a "buy" rating to a "hold" rating in a research report on Tuesday, August 8th. Northland Securities restated a buy rating and set a $7.00 target price on shares of MobileIron in a research note on Friday, July 14th. Out of the analyst recommendations 2 rate Mobileiron Inc Cmn (NASDAQ:MOBL) stock a Buy, 2 rate the stock Outperform, 2 rate Hold, 1 rate Underperform and 0 recommend a Sell.

MobileIron, Inc. has a consensus outperform rating from 7 Wall Street analysts, and the number of shares now sold short amount to at least 1.19% of shares outstanding. SunTrust Banks, Inc. has 7 buy ratings, 17 holds and 0 sells even after the stock tumbled -4.18% from its high of $ 61.69 to a $28.47 billion market value through last close. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & global copyright & trademark law. The correct version of this news story can be viewed at https://baseballnewssource.com/markets/imperial-capital-downgrades-mobileiron-inc-mobl-to-in-line/1724576.html.

In other MobileIron news, VP Daniel C. Fields sold 15,600 shares of the business's stock in a transaction dated Thursday, September 7th. The lowest price the stock reached in the last trading day was $58.69 and compares with the $44.45 52-week low. Following the completion of the transaction, the vice president now owns 423,037 shares of the company's stock, valued at $1,594,849.49. 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 business's stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $3.77, for a total value of $197,483.91. The disclosure for this sale can be found here. American International Group Inc. grew its stake in MobileIron by 7.1% in the first quarter. Prudential Financial Inc. increased its stake in MobileIron by 4.8% in the 2nd quarter. Bank of America Corp DE now owns 62,960 shares of the software maker's stock worth $274,000 after acquiring an additional 311 shares during the last quarter. Prudential Financial Inc. now owns 26,090 shares of the software maker's stock worth $158,000 after purchasing an additional 1,200 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of MobileIron by 320.7% during the first quarter. Cubist Systematic Strategies LLC acquired a new position in MobileIron in the second quarter worth about $185,000. Analysts monitor insider data to understand the sentiment of a company's largest and most important shareholders. The Company provides software tools for device management, activity intelligence, and security.

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