Micronet Enertec Technologies Inc (NASDAQ:MICT) Rallies After Purchase Order

Micronet Enertec Technologies Inc (NASDAQ:MICT)

Shares of Micronet Enertec Technologies Inc (NASDAQ:MICT) rallied 14.70% after the company announced a $4.3 million Purchase order for its newly released TREQr5 product. The order is from an existing customer and the biggest since 2012.

Micronet Enertec Technologies Inc (NASDAQ:MICT)
One month daily candlebar chart for MICT

Micronet Enertec Technologies Inc (NASDAQ:MICT) develops, manufactures and markets rugged computers for the commercial, defense, and aerospace markets. The company also provides high tech solutions for severe environments and the battlefield. Its products are usually installed in critical systems such as command and control and missile fire control.

TREQr5 is an innovative telematics Android onboard computer optimized for the internet of things (IoT). The rugged computing product is designed to provide optimized transportation, planning, and performance through a network of electronic links. In addition to improving efficiencies and safety for tracking, the onboard computer also brings truckers into compliance with the federal ELD.

TREQr5 Growing Demand

The $4.3 million order goes to validate TREQr5 technology

According to CEO, David Lucatz:

“As the deadline for the Electronic Logging Devices (ELD) government mandate nears, Micronet expects more orders for these products. As Micro net’s competitive products continue to prove their value to its customers, we plan to focus on greater market share and building long term revenue growth in the MRM space.”

In May, Micronet Enertec Technologies Inc (NASDAQ:MICT) received a $2.1 million order for 8,000 units for the on-board computer. The company plans to fulfill the order in the third quarter. Orders from existing customers underscores customers’ confidence in the company’s products.

Micronet Enertec Technologies Inc (NASDAQ:MICT) reported a $19% decrease in first quarter revenue that came in at $5.3 million compared to $6.5 million a year ago. During the quarter, the company was awarded contracts worth $5.6 million to be fulfilled before the end of the year.

“Although our revenues declined in the first quarter compared to the same period in 2016, we expect more favorable revenue levels for the balance of 2017 as we deliver on the purchase orders received during the first quarter and book the associated sales,” said Mr. Lucatz.

Micronet Enertec Technologies Inc (NASDAQ:MICT) had a backlog of $7.3 million as of March 31, 2017, and $9.3 million as of May 15, 2017.

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 $MICT and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation

Windstream Holdings, Inc. (NASDAQ:WIN) Implodes On Dividend Cancellation

Windstream Holdings, Inc. (NASDAQ:WIN)

Shares of Windstream Holdings, Inc. (NASDAQ:WIN) felt shareholder’s wrath after the company announced plans to eliminate its quarterly dividend. The stock plummeted 36.02% to end Thursday’s trading session at $2.38 a share. The sell-off also came on the hells of the company reporting disappointing second quarter results where earnings fell short of analysts’ expectations.

Windstream Holdings, Inc. (NASDAQ:WIN)
One month daily candlebar chart for WIN

Dividend Cancellation

Windstream Holdings, Inc. (NASDAQ:WIN) bills itself as a leading provider of advanced network and technology solutions for consumers and enterprises. The company offers a wide range of bundled services including broadband, security solutions, as well as voice and digital TV. It also offers cloud solutions and unified communications services.

Thursday’s sell-off sent Windstream Holdings, Inc. (NASDAQ:WIN) shares to all-time lows as it registered a new 52- week low of $2.37 a share. The stock has underperformed the overall market ever since it traded at highs of $8.50 a share at the start of the year.

A move to cancel a double digit percentage dividend has not gone well with investors as it was one of the stock’s attractive features. The stock continues to hit lower lows even after company announcing plans to return value to shareholders through a $90 million stock buyback program.

Q2 Earnings

A net loss of $68 million compared to a profit of $1.5 million reported a year earlier also continues to fuel a bearish tone on the stock. The broadband and communication company reported revenues of $1.49 billion – below Wall Street expectations of $1.5 billion.

Chief executive officer, Tony Thomas, has sought to dispel investors’ concerns by reiterating they had a solid second quarter as revenues grew year-over-year. The executive also remains confident about the company’s prospects in the cloud business.

“Additionally, we continue to improve our cost structure and have significant opportunities to further drive down costs through reductions in network interconnection costs, upcoming synergies from the EarthLink and Broadview transactions and initiatives to advance our organizational effectiveness,” said Mr. Thomas.

For The current quarter, Windstream Holdings, Inc. (NASDAQ:WIN) expects service revenue of between $2.02 billion and $2.04 billion helped by the Broadview Networks acquisition. Capital expenditures, on the other hand, should range between $790 million and $840 million.

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 $WIN 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.

APT Systems Inc (OTCMKTS:APTY) Stock Price Explodes

APT Systems Inc (OTCMKTS:APTY)

APT Systems Inc (OTCMKTS:APTY) stock price rallied 69.33% in Wednesday’s trading session as investors reacted to the expansion of a team developing the company’s KenChart app. The rally also comes on the execution of a letter of intent for the acquisition of an existing company for $2.3 million. The stock is currently trading at the higher end of its $0.01-$0.03 trading range as it closes in on its 52-week high of $0.03 a share.

APT Systems Inc (OTCMKTS:APTY)
One month daily candlebar chart for APTY

KenChart App Development

APT Systems Inc (OTCMKTS:APTY) is a leading developer of stock trading platforms with a focus on handheld devices. The company also develops indicators, market scans, financial applications, and visualization solutions for analyzing the financial markets. It also acquires other compatible financial businesses that have the potential to strengthen its growth prospects.

The company also partners with talented developers to come up with ground breaking strategies for analyzing the financial markets. APT Systems has teamed up with Bobir Akilkhanov and Ronen Sartena to further strengthen the level of expertise on the team working on the KenChart app.

“At APT, we are continually striving to provide our future customers with new and innovative trading tools that can assist them with analyzing trends and financial details. We are happy to welcome Bobir and Ronen aboard,” said Glenda Dowie APT Systems Inc (OTCMKTS:APTY) CEO.

Akilkhanov joins the company with 17 year’s of entrepreneurial and IT experience, having worked on a number of successful start-ups. Sartena, on the other hand, joins the KenChart app development team with vast experience in finance and marketing.

Redesigned Website

APT Systems Inc (OTCMKTS:APTY) has launched a beta version of its website with a fresh new look and more information for visitors. The website also includes a link that allows people to join the APP Beta Tester group.

The new website is designed to provide information about new trading tools as well as detailed developments for stakeholders.

Separately, the company that APT Systems Inc (OTCMKTS:APTY) is acquiring for $2.3 million is currently enjoying profitability and is expected to strengthen APT’s financial sector portfolio.

“We are continuing our diligent search and research for companies and software products that would enhance our operations while still watching dialogue on the proposed legislation for the Fintech National Banking Charter,” APT Systems Inc (OTCMKTS:APTY) in a statement.

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 $APTY and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

Miss for Glu Mobile, Inc. (NASDAQ:GLUU) but Shares Rise

Glu Mobile, Inc. (NASDAQ:GLUU)

Today Glu Mobile, Inc. (NASDAQ:GLUU) reported a loss of $23.6 million for Q2 2017, but its stock price gained over 5% on the news. The San Francisco, CA-based company said it had a loss of (-$0.17) cents per share. The results missed analyst consensus expectations for a loss of (-$0.10) cents per share. The mobile game maker posted Q2 revenue of $68.7 million. Glu Mobile’s adjusted revenue was $82.5 million, which beat consensus forecasts of $72.5 million. For Q3 2017, Glu Mobile expects revenue in the range of $78 – $80 million. The company expects full-year revenue in the range of $307 million to $312 million.

Glu Mobile, Inc. (NASDAQ:GLUU)
One month daily candlebar chart for GLUU

Glu Mobile, Inc. (NASDAQ:GLUU) develops and publishes games for smartphones and tablets. Glu’s audience covers five areas – social networking, food, home, sports, fashion, and action. Some of its games are brands, such as Contract Killer, are developed by the company. Other games are celebrity focused such as Gordon Ramsey’s DASH. Sales are generated through digital storefronts that provide direct-to-consumer channels.

In November of 2016, Nick Earl was named as the new CEO. The motivation for the change was the lack of revenue growth in a hot sector. Sales grew from $223.1 million in 2014 to just $249.9 million in 2015, then dropped to $200.6 million in 2016.

Thomas jettisoned the celebrity branded games which sucked royalty revenue from the firm (Taylor Swift being the lone survivor), and re-focused Glu’s creative team on developing new games. Thomas is betting on the creativity of Glu Mobile, Inc. (NASDAQ:GLUU) employees to return the company’s stock to its upwards trajectory. Thomas brought in Mike Olsen to achieve that goal. Olsen had been running the Electronic Arts team that developed Star Wars: Galaxy of Heroes – EA’s #1 grossing game. Competition in the $40 billion mobile gaming space is fierce and developing popular games that can go viral can cost a lot of money – creative talent has often been the black hole through which funds disappear, never to return.

This year, Glu Mobile, Inc. (NASDAQ:GLUU) shareholders have fared well. YTD, GLUU stock is up almost 50%, and is up over 26% for the year. Today’s closing price established a new 52-week high – a price above the listed consensus target price of $2.87. Three analysts rate the stock as a “Strong Buy” and two rate GLUU shares as a “Hold”.

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 $GLUU 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.

RadiSys Corporation (NASDAQ:RSYS) Stock Suffers

RadiSys Corporation (NASDAQ:RSYS)

Yesterday RadiSys Corporation (NASDAQ:RSYS) reported a loss of $7.6 million in its second quarter or (-$0.19) per share. Adjusted for amortization and restructuring the loss came in at (-$0.06) per share. Results beat the analyst’s consensus estimate for a (-$0.12) loss per share. Revenues came in line with analyst expectations but the stock price suffered on news that the revenues from the company’s largest customer will be excluded from guidance figures. Volumes are heavy and on pace to trade thirteen times their daily average. RSYS stock chart:

RadiSys Corporation (NASDAQ:RSYS)
Candlebar graph for RSYS stock prices over six months

Going forward, RadiSys Corporation (NASDAQ:RSYS) is expecting Q3 revenues between $26 – $30 million. Annual revenue is now expected between $130 million to $140 million. The revised revenue range is based on an uncertain future for revenues from RadiSys Corporation (NASDAQ:RSYS)’s

largest customer, and does not include any new DCEngine orders from this customer for the remainder of the year. Additionally, any material commercial revenue from the existing proof-of-concepts and trials ongoing across the Company’s strategic product lines would represent additional revenue not reflected in the revised guidance range. This uncertainty is weighing heavily on the firm’s stock price.

Brian Bronson, Radisys President and Chief Executive Officer stated in the company’s press release “Based on recent discussions with our largest customer, we are revising our full-year revenue expectations to exclude any new product orders from this customer as they now expect orders to resume in 2018.”

The news is another set-back for shareholders of RadiSys Corporation (NASDAQ:RSYS). RSYS stock price had underperformed badly. Shares are down over 45% YTD, and down over 48% for the year. Shareholders likely are experiencing frustration as EPS, while not showing a profit, has, in fact, been losing money at a smaller rate each year. Additionally there was an uptick in sales from 2015 when the company posted a figure of $184.6 million to $212.4 million for 2016. One bright spot is that the Relative Strength Index for RSYS stock is under 15 which indicates a stock in a heavily oversold position.

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 $RSYS and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Marc has a degree in economics and a MSc. in Finance. Over his 20-year career, Marc has worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.

Mitel Networks Corp (NASDAQ:MITL) Rallies As $430 Million ShoreTel Inc. (NASDAQ:SHOR) Merger Looms

Mitel Networks Corp (NASDAQ:MITL)

Shares of Mitel Networks Corp (NASDAQ:MITL) continue to edge higher even after the company reported Q2 results that failed to meet Wall Street expectations. Fuelling momentum on the stock is the proposed acquisition of ShoreTel Inc. (NASDAQ:SHOR) for $430 million, expected to strengthen the company’s core business.

Mitel Networks Corp (NASDAQ:MITL)
One month daily candlebar chart for $MITL

Mitel Networks Corp (NASDAQ:MITL) has recorded an impressive run in the market ever since it tanked to lows of $6.21 a share in May. A breakout from a key support level of $7.50 a share has seen the stock rise to highs of $8.52 a share, near its 52-week highs of $8.53 a share.

The company bills itself as a provider of business communications and collaboration software. Mitel’s product portfolio includes premises and cloud-based enterprise communications infrastructure products and solutions. The company also operates an enterprise segment focused on selling and supporting products and services for premise-based customers.

ShoreTel Acquisition

The acquisition of ShoreTel for $430 million is part of an effort that seeks to strengthen the company’s cloud business. The merger should accelerate the company’s growth path as it continues to invest in Unified Communications as a Service (UCaaS). The acquisition should also provide the company the much needed firepower for moving customers to cloud-based UC products.

The combined company will be the second biggest player in the UCaaS market. The company will have about 3,200 channel partners as well as industry leading portfolio of communications and collaborations solutions.

“This is a very natural combination that enables us to continue to consolidate the industry and take advantage of cost synergy opportunities while adding new technologies and significant cloud growth to our business,” said Rich McBee, Mitel Networks Corp (NASDAQ:MITL) CEO.

The all-cash transaction values ShoreTel at $7.50 a share representing an equity value of $530 million and enterprise value of $430 million. The acquisition comes barely a year after Mitel divested its mobile unit for $385 million. The divestiture marked the first step in the company’s push to focus on its core business of unified communications.

Q2 Earnings

Separately, Mitel Networks Corp (NASDAQ:MITL) posted a net loss of (-$100,000) in the second quarter. Revenues in the quarter totaled $238.6 million. For the current quarter, the company expects its revenue to be in the range of $225 million to $250 million. During the quarter, the company signed an agreement with a U.S.-based food processing company for the use of its Cloud applications. The five year contract has a value of about $8 million.

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 $MITL 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.

Is GoPro Inc (NASDAQ:GPRO)’s Turnaround Strategy Finally Paying Off?

GoPro Inc (NASDAQ:GPRO)

GoPro Inc (NASDAQ:GPRO) was up by 1.73% in Monday’s trading session after Morgan Stanley analyst, Yuuji Anderson, upgraded the stock to an Equal Weight. The upgrade came on growing confidence that cost cuts and new video editing functions are paying off. The analyst also expects new software to help trigger an upgrade cycle of the company’s old devices.

GoPro Inc (NASDAQ:GPRO)
One month daily candlebar chart for $GRPO

Stock Performance

Shares of GoPro Inc (NASDAQ:GPRO) have stabilized this year amidst talk that the company is a turnaround play. The stock continues to trade between $7.50 and $9 a share after plummeting from record highs of $90 a share as of 2014. Cost cuts have come into play ever since the company lost $200 million last year. The camera maker has also raised cash through convertible debt in a bid to stay afloat.

Optimism that GoPro Inc (NASDAQ:GPRO) continues to soar on the belief that the forthcoming Fusion 360-degree camera will be a success. The company has already shipped some units of the camera as part of a pilot program. The response so far has been positive. While the camera is not expected to be enough to save the stock on its own, an intriguing go-to-market strategy could help revitalize the company’s prospects.

GoPro Turnaround Strategy

GoPro Inc (NASDAQ:GPRO) has already received 20,000 applications from content creators. The company is banking that such content will help consumers better understand the capabilities of the Fusion camera.

The company is also paying close watch to software updates as it seeks to differentiate its software platform versus their competitors. The launch of the QuickStories feature is designed to make it easy for users to get edited footage off their cameras. The software, coupled with smartphone connectivity, is a key pillar of GoPro Inc (NASDAQ:GPRO) strategy going forward.

“[…] What happens when that business fixes that problem and now has a solution that’s very easy for the consumer to be successful with? We believe that can have a dramatic impact on our company because it’s going to have a dramatic impact on consumers,” said Nick Woodman, GoPro CEO.

Helped by the launch of the Hero5 camera. sales of the company’s products in the first quarter rose 19%. Narrowing of the product line to just four consumer devices has helped the company simplify its marketing strategy and drive efficiencies.

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 $GPRO and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

Bankruptcy for DragonWave, Inc.(USA) (NASDAQ:DRWI)?

DragonWave, Inc.(USA) (NASDAQ:DRWI)

DragonWave, Inc.(USA) (NASDAQ:DRWI) shares are down almost 70%, on massive volumes, and have hit new 52-week lows after the company received notification from creditors of their intent to place the company in receivership. DRWI shares closed at $0.89 on Friday after the Toronto Stock Exchange suspended trading in the shares based on the afore-mentioned news. However, DRWI shares appear to be trading on the Nasdaq Exchange as of this morning.

Comerica Bank and Export Development Canada, secured lenders to DragonWave, have filed an application with the Ontario Superior Court of Justice to appoint KSV Kofman Inc. as receiver over the business and assets of DragonWave, Inc.(USA) (NASDAQ:DRWI). The Application is scheduled to be heard today at 9:30 a.m. The lenders stated that they will pursue a short, court-supervised sale process conducted by KSV Kofman Inc. to maximize value for the lenders and other stakeholders.

DragonWave, Inc.(USA) (NASDAQ:DRWI) received notice from the Toronto Stock Exchange (TSX) that the exchange is reviewing the listing eligibility for DRWI shares pursuant to Part VII of the TSX Company Manual – specifically the terms outlined in section 708 (Insolvency) and sections 709 and 710(a)(i) (Financial Condition and/or Operating Results) of the Company Manual are applicable to the Company. DragonWave, Inc.(USA) (NASDAQ:DRWI) is being reviewed under the Expedited Review Process of the TSX. As a result, the Company’s shares have been suspended from trading until further notice. A meeting of the Continued Listing Committee of the TSX is scheduled to be held on July 31, to consider whether or not to delist DRWI shares. If Dragonwave’s securities are delisted from the TSX, the company may consider an alternative listing on the TSX Venture Exchange or NEX.

Lastly, the Nasdaq Exchange has informed DragonWave, Inc.(USA) (NASDAQ:DRWI) that they will receive a notice of delisting on Monday, July 31, 2017, with delisting to occur on Wednesday, August 2, 2017.

Information on this company is fluid and sometimes contradictory – even from established news sources. If you plan to enter or exit a position we strongly encourage you to personally consult with a reputable broker who has access to primary sources of information.

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 $DRWI and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Marc has a degree in economics and a MSc. in Finance. Over his 20-year career, Marc has worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.

NXT-ID Inc (NASDAQ:NXTD) Struggling to Hold Gains

NXT-ID Inc (NASDAQ:NXTD)

NXT-ID Inc (NASDAQ:NXTD) shares have gapped up to open with over a 20% gain as of 9:35 AM EST at $1.84. The market is reacting to the biometric company’s quarterly and six-month preliminary financial release. Volume is heavy – about 40 times the daily average. However sellers moved in and proceeded to unload shares and shares of NXTD were down to $1.65 by 9:50 AM EST.

NXT-ID Inc (NASDAQ:NXTD)
5 day 15 minute candlebar graph for $NXTD

NXT-ID Inc (NASDAQ:NXTD) has three subsidiaries. LogicMark, LLC, manufactures and distributes non-monitored and monitored personal emergency response systems that are sold through dealers and the United States Department of Veterans Affairs. Fit Pay, Inc., a proprietary payment technology platform for device manufacturers that offer their users a secure service within the Internet of Things (IoT) ecosystem. Lastly, 3D-ID LLC develops biometric identification and authentication services.

NXT-ID Inc (NASDAQ:NXTD) revenue for Q2 2017 was approximately $7.6 million compared to $38,493 for the same period in previous year and approximately $6.7 million for Q1 2017. Gross profit for Q2 2017 was approximately $3.8 million compared to a gross loss of $(25,251) in Q2 2017 and a gross profit of $3.5 million for Q1 2017. Operating expenses were approximately $3.0 million in Q2 2017 compared to $2.3 million in Q2 2016. Operating expenses were approximately $2.5 million in Q1 2017.

NXT-ID Inc (NASDAQ:NXTD) revenue for the first six months of 2017 was approximately $14.3 million compared to $80,795 for the same period in previous year. Gross profit for the first six months of 2017 was approximately $7.3 million compared to a gross loss of $(58,374) for the same period in previous year. Operating expenses were approximately $5.5 million for the first six months of 2017 compared to $4.6 million for the same period in previous year. Operating income for the first six months of 2017 was approximately $1.8 million compared to an operating loss of $(4.6) million for the same period in previous year.

NXT-ID Inc (NASDAQ:NXTD) shares have not performed well in an up-market. YTD NXTD shares are down over 45%, and down over 66% for the year. In 2012, shares of NXT-ID Inc (NASDAQ:NXTD) had a minor loss of (-$0.10) per shares but that loss expanded over the next few years. In 2013, the loss was (-$-0.72), followed by a loss of (-$3.10), then a loss of (-$4.82). In 2016 the loss finally narrowed from the previous year to a loss of (-$2.24). On a positive note, NXT-ID Inc (NASDAQ:NXTD) reported $7.7 million in sales for 2016 – a gain of $7.1 million over thei 2015 figure.

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 $NXTD and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

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.