Stock Update (NASDAQ:MOBL): Mobileiron Inc Announces Business Update


Mobileiron Inc (NASDAQ:MOBL), the leader in mobile enterprise security, delivered this business update in conjunction with the company’s Mobile First 2015 annual user conference.

The company is providing the following updated outlook for its fiscal second quarter 2015 (ending June 30, 2015):

  • Total billings are expected to be between $37 million and $39 million. Non-GAAP revenue is expected to be between $33 million and $34 million, and GAAP revenue is expected to be between $33.6 millionand $34.6 million. These are consistent with the guidance given in the company’s April 30th earnings release.
  • MobileIron is expecting improved Non-GAAP operating expenses in a range between $48.5 million and $49.5 million versus our previous guidance of $49.5 million to $51.0 million.

The company is maintaining the following outlook for its fiscal year 2015 (ending December 31, 2015):

  • Total billings are expected to be between $165 million and $180 million.
  • Total non-GAAP revenue is expected to be between $140 million and $150 million, and GAAP revenue is expected to be between $141.8 million and $151.8 million.

Additionally, the company is providing the following outlook for its fiscal fourth quarter 2015 (ending December 31, 2015) and fiscal fourth quarter 2016 (ending December 31, 2016):

  • Non-GAAP Operating Margin is expected to be between -24% and -28% for the fiscal fourth quarter of 2015.
  • Non-GAAP Operating Margin is expected to be between -8% and -12% for the fiscal fourth quarter of 2016.
  • Cash from Operations is expected to be positive for the fiscal fourth quarter of 2016.

All forward-looking non-GAAP financial measures contained in this section “Financial Outlook” exclude estimates for stock-based compensation expenses, amortization of intangible assets, and perpetual license revenue recognized from licenses delivered prior to 2013.

While a reconciliation of non-GAAP guidance measures to corresponding GAAP measures is not available on a forward-looking basis, the company has provided a reconciliation of GAAP to non-GAAP financial measures in its quarterly earnings releases. (Original Source)

Shares of Mobile Iron closed yesterday at $5.98 . MOBL has a 1-year high of $12.96 and a 1-year low of $5.90. The stock’s 50-day moving average is $6.39 and its 200-day moving average is $8.42.

On the ratings front, Mobile Iron has been the subject of a number of recent research reports. In a report issued on April 23, Morgan Stanley analyst James Faucette downgraded MOBL to Hold. Separately, on March 26, RBC’s Mark Sue initiated coverage with a Buy rating on the stock and has a price target of $13.

According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, James Faucette and Mark Sue have a total average return of 9.0% and 6.6% respectively. Faucette has a success rate of 75.0% and is ranked #723 out of 3619 analysts, while Sue has a success rate of 61.6% and is ranked #730.

MobileIron Inc provides mobile IT platform for enterprises to secure and manage mobile applications, content and devices.