Mobileiron Inc (MOBL) Expected to Announce Quarterly Sales of $55.47 Million

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Wall Street brokerages predict that Mobileiron Inc (NASDAQ:MOBL) will post sales of $55.47 million for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Mobileiron’s earnings. The highest sales estimate is $56.70 million and the lowest is $53.50 million. Mobileiron reported sales of $48.83 million in the same quarter last year, which would indicate a positive year over year growth rate of 13.6%. The firm is expected to report its next earnings report on Thursday, February 14th.

According to Zacks, analysts expect that Mobileiron will report full year sales of $193.70 million for the current financial year, with estimates ranging from $191.20 million to $195.00 million. For the next year, analysts anticipate that the firm will report sales of $213.20 million, with estimates ranging from $211.50 million to $216.20 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that that provide coverage for Mobileiron.

Mobileiron (NASDAQ:MOBL) last posted its quarterly earnings results on Tuesday, October 30th. The software maker reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.04. The firm had revenue of $49.25 million during the quarter, compared to analyst estimates of $48.42 million. Mobileiron had a negative return on equity of 131.24% and a negative net margin of 29.39%. Mobileiron’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.07) EPS.

Several equities analysts have recently issued reports on the company. ValuEngine lowered Mobileiron from a “buy” rating to a “hold” rating in a research report on Thursday, July 19th. BidaskClub lowered Mobileiron from a “buy” rating to a “hold” rating in a research report on Wednesday, August 22nd. Two analysts have rated the stock with a sell rating and four have given a buy rating to the company. Mobileiron presently has a consensus rating of “Hold” and a consensus target price of $6.31.

Shares of MOBL traded up $0.57 during trading hours on Wednesday, hitting $4.74. The company had a trading volume of 8,218 shares, compared to its average volume of 227,043. The firm has a market cap of $428.71 million, a PE ratio of -8.32 and a beta of 2.27. Mobileiron has a 52-week low of $3.60 and a 52-week high of $5.71.

Several institutional investors and hedge funds have recently bought and sold shares of MOBL. Bank of Montreal Can raised its position in shares of Mobileiron by 4,954.2% in the 3rd quarter. Bank of Montreal Can now owns 25,473 shares of the software maker’s stock worth $135,000 after purchasing an additional 24,969 shares during the last quarter. MetLife Investment Advisors LLC bought a new position in shares of Mobileiron during the 1st quarter valued at approximately $140,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Mobileiron during the 1st quarter valued at approximately $142,000. Cubist Systematic Strategies LLC bought a new position in shares of Mobileiron during the 1st quarter valued at approximately $148,000. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new position in shares of Mobileiron during the 1st quarter valued at approximately $261,000. 52.32% of the stock is owned by hedge funds and other institutional investors.

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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