Northland Securities Reiterates Their Buy Rating on MobileIron, Inc. (MOBL)

By Ryan Adsit

Northland Securities analyst Robert Breza reiterated a Buy rating on MobileIron, Inc. (MOBLResearch Report) today and set a price target of $6.50. The company’s shares closed yesterday at $5.69.

Breza observed:

“We spoke with five distributors and over 10 resellers. Channel feedback for core mobile security remains strong while newer products such as Access continue to exhibit even strong results driven by the low penetration rate. In addition the new zero sign-on product called Identification appears to be developing a lot of interest. Reiterate Outperform rating and $6.50 price target.”

According to TipRanks.com, Breza is a 5-star analyst with an average return of 12.1% and a 59.3% success rate. Breza covers the Technology sector, focusing on stocks such as Coupa Software Inc, Salesforce.com, and Check Point.

MobileIron, Inc. has an analyst consensus of Moderate Buy, with a price target consensus of $6.50.

See today’s analyst top recommended stocks >>

Based on MobileIron, Inc.’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $17.1 million. In comparison, last year the company had a GAAP net loss of $16.37 million.

Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

MobileIron, Inc. engages in the development of purpose-built mobile information technology platform, which enables enterprises to manage and secure mobile applications, content, and devices. Its products include MobileIron unified endpoint management, MobileIron Access, MobileIron Threat Defense, and MobileIron secure applications for end-user productivity.