Stock Update (NASDAQ:MOBL): Mobileiron Inc Names Simon Biddiscombe Chief Financial Officer
Mobileiron Inc (NASDAQ:MOBL), the leader in mobile enterprise security, announced thatSimon Biddiscombe has been named Chief Financial Officer. Simon has served as interim CFO since May 2015.
“Simon has been an integral part of MobileIron for the last three months. Simon is the right leader with the right experience to lead our business forward and drive shareholder value” said Bob Tinker, CEO, MobileIron. “I and the Board of Directors are delighted to welcome him to the MobileIronexecutive team.”
Simon brings more than 20 years of management and financial experience to MobileIron. Most recently he served as Chief Strategy Officer and previously as Interim Chief Financial Officer at ServiceSource International, Inc. (NASDAQ: SREV). He has also served as Chief Financial Officer and Chief Executive Officer at QLogic Corp. and as Chief Financial Officer at Mindspeed Technologies. (Original Source)
Shares of Mobile Iron closed yesterday at $4.11. MOBL has a 1-year high of $12.74 and a 1-year low of $3.50. The stock’s 50-day moving average is $5.00 and its 200-day moving average is $6.82.
On the ratings front, Mobile Iron has been the subject of a number of recent research reports. In a report issued on July 31, RBC analyst Mark Sue reiterated a Buy rating on MOBL, with a price target of $8, which implies an upside of 94.6% from current levels. Separately, on July 30, Deutsche Bank’s Karl Keirstead downgraded the stock to Hold and has a price target of $6.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Mark Sue and Karl Keirstead have a total average return of 1.9% and 5.9% respectively. Sue has a success rate of 50.0% and is ranked #1467 out of 3742 analysts, while Keirstead has a success rate of 46.9% and is ranked #838.
MobileIron Inc provides mobile IT platform for enterprises to secure and manage mobile applications, content and devices.