Mobileiron Inc (MOBL) is Downgraded by Wunderlich to Hold, Lowers Price Target to $ 3

Mobileiron Inc (MOBL) was Downgraded by Wunderlich to ” Hold” while Lowering the Price Target of the company shares to $ 3 from a previous price target of $7 . Earlier the firm had a rating of “Buy ” on the company shares. Wunderlich advised their investors in a research report released on Sep 13, 2016.

Many Wall Street Analysts have commented on Mobileiron Inc. Shares were Downgraded by Barclays on Jul 15, 2016 to ” Underweight” and Lowered the Price Target to $ 3 from a previous price target of $6 .

On the company’s financial health, Mobileiron Inc reported $-0.14 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $-0.16. The company had revenue of $38.90 million for the quarter, compared to analysts expectations of $37.78 million. The company’s revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.25 EPS.

Mobileiron Inc opened for trading at $2.9 and hit $2.96 on the upside on Monday, eventually ending the session at $2.95, with a gain of 1.72% or 0.05 points. The heightened volatility saw the trading volume jump to 261,439 shares. Company has a market cap of $253 M.

In a different news, on Mar 7, 2016, Barry Mainz (CEO) purchased 51,200 shares at $3.90 per share price. According to the SEC, on Nov 30, 2015, Laurel Finch (VP Legal, General Cousel, Secy) sold 2,487 shares at $4.11 per share price.

MobileIron Inc. formerly Mobile Iron Inc. provides a purpose-built mobile Information Technology (IT) platform for enterprises to secure and manage mobile applications or apps content and devices while providing their employees with device choice privacy and a native user experience. The Company has introduced new products and functionality to address the management and security of mobile applications and content and has extended its solution to a cloud offering to enable deployment flexibility for its customers. The Company’s platform enables four areas of functionality which include Mobile Device Management (MDM) Mobile Application Management (MAM) Mobile Content Management (MCM) and Advanced Services. It focuses on customers of all sizes across a range of industries including financial services government healthcare legal manufacturing professional services retail technology and telecommunications.

Mobileiron Inc

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