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.

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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.