Mobileiron Inc (NASDAQ:MOBL)

Mobileiron Inc (NASDAQ:MOBL) Disappoints Investors

Mobileiron Inc (NASDAQ:MOBL)

Shareholders are unloading Mobileiron Inc (NASDAQ:MOBL) as the shares have dropped over 20% today and over 30% for the week. MOBL shares had a good run until this week – almost doubling for the year. However, on Thursday night the software developer released their Q2 financial reports prompting investors to head for the doors.

Mobileiron Inc (NASDAQ:MOBL)
One month daily candlebar graph for $MOBL

The Mountain View, CA-based company posted a loss of (-$0.20) cents per share. Losses, adjusted for stock option expense and amortization costs, came to (-$0.08) cents per share. Revenues came in at $42.7 million which missed consensus forecast but were up 10% YoY. Three analysts surveyed by Zacks expected $43.5 million. For the current quarter, ending in October, Mobileiron Inc (NASDAQ:MOBL) expects revenues in the range of $44 – $46 million and full-year revenues in the range of $175 – $185 million.

Barry Mainz, President and CEO of Mobileiron Inc (NASDAQ:MOBL), stated in the press release “In the second quarter, we hit a major milestone, surpassing 15,000 cumulative customers, and we saw positive cloud growth with over 75% of our new customers in this quarter choosing our cloud platform. We had some large deals that didn’t close as planned. Looking ahead, we expect to improve sales execution in the second half of the year while we maintain our focus on fiscal discipline. We remain committed to our guidance of being cash from operations positive for the year and to achieving a non-GAAP operating margin of between -2% and +2% for the fourth quarter.”

On a positive note, Mobileiron Inc (NASDAQ:MOBL) announced yesterday that it has been issued 15 new patents in 2017 by the United States Patent and Trademark Office (USPTO), bringing its total to 55. The new patents relate to enterprise data security, including data loss prevention controls for mobile apps, trusted access to cloud services, optimized data encryption, secure copy and paste, and multi-factor authentication.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $MOBL and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.

Mobileiron Inc (NASDAQ:MOBL)

The Momentum of Mobileiron Inc (NASDAQ:MOBL)

Mobileiron Inc (NASDAQ:MOBL)

Last October, Mobileiron Inc (NASDAQ:MOBL) established its 52-week low of $2.56; and last week MOBL shares established their 52-week high of $6.78. MOBL shares have had an excellent run as of late. YTD shares are up over 66%, and for the year shares have nearly doubled. The share volume on Friday was over 2.8 million while the 30-day average volume is under 800,000.

Mountain View, CA-based MobileIron, Inc. (NASDAQ:MOBL) provides mobile IT platforms that enable enterprises to secure and manage mobile applications, content, and devices. The MobileIron platform offers an enterprise mobility management (EMM) solution that configures and delivers applications to smartphones, tablets, laptops, and desktops running operating systems. Global sectors that Mobileiron serves comprises the financial services, government, healthcare, legal, manufacturing, retail, technology, and telecommunications industries.

Sales growth has been stellar for MobileIron, Inc. (NASDAQ:MOBL). In 2012 the company posted a sales figure of $40.9 million. That figure increased annually and by 2016 sales were a reported $163.9 million. On the downside, earnings have been disappointing for shareholders. In 2012 the per share loss was (-$0.62) and that was followed by losses of (-$0.44), (-$1.30), (-$1.07), and for 2016, (-$0.78).

Investment analysts are not in unison on MOBL share’s prospects. Two rate the shares as a “Strong Buy”, while one each rate the shares either a “Buy”, “Hold”, or “Sell”. Their consensus price target is $5.50 – $0.75 below Friday’s close.

Last week the company announced that it will release its second quarter fiscal year 2017 earnings on Thursday, July 27, 2017. Interested parties may access the call by dialing 1-855-327-6837 in the U.S. or 1-631-891-4304 from international locations. There is little doubt that analysts will be playing close attention.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $MOBL and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.