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Earnings Results under Review: MobileIron Inc. (NASDAQ: MOBL)

MOUNTAIN VIEW, Calif., June 29, 2019 – Shares of MobileIron Inc. (NASDAQ: MOBL) inclined 1.81% to $6.20. The stock traded total volume of 4.58M shares higher than the average volume of 850.68K shares.

MobileIron Inc. (MOBL) reported a loss of $17.10M in its first quarter. The Mountain View, California-based company said it had a loss of 16 cents per share. Losses, adjusted for stock option expense and restructuring costs, were 6 cents per share. The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share.

The IT Company for mobile applications industry posted revenue of $48.10M in the period. For the current quarter ending in July, MobileIron said it anticipates revenue in the range of $49.0M to $52.0M. The company anticipates full-year revenue in the range of $205.0M to $215.0M.

MOBL has the market capitalization of $675.18M and its EPS growth ratio for the past five years was 0.70%. The return on assets ratio of the Company was -22.10% while its return on investment ratio stands at -81.70%. Price to sales ratio was 3.42 while 74.80% of the stock was owned by institutional investors.