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Last $4.04 USD
Change Today 0.00 / 0.00%
Volume 265.2K
As of 3:30 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

mobileiron inc (MOBL) Snapshot

Open
$4.02
Previous Close
$4.04
Day High
$4.14
Day Low
$4.01
52 Week High
09/4/14 - $12.74
52 Week Low
08/24/15 - $3.50
Market Cap
317.9M
Average Volume 10 Days
816.7K
EPS TTM
$-0.99
Shares Outstanding
78.8M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for MOBILEIRON INC (MOBL)

mobileiron inc (MOBL) Related Businessweek News

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mobileiron inc (MOBL) Details

MobileIron, Inc. provides a purpose-built mobile IT platform that enables enterprises to secure and manage mobile applications, content, and devices while providing their employees with device choice, privacy, and a native user experience. The company’s MobileIron platform offers mobile device management capabilities that enable IT to securely manage mobile devices across mobile operating systems and provide secure corporate email, automatic device configuration, and certificate-based security; and mobile application management functionality, which helps IT manage the entire apps lifecycle, from making apps available in the enterprise app storefront, securing applications on the device, enforcing user authentication, isolating them from personal apps, and retiring them as necessary. Its MobileIron platform also provides mobile content management that enable IT to provide secure mobile access to enterprise documents residing in SharePoint, file shares, and other enterprise and cloud content repositories, as well as secures email attachments. In addition, the company’s MobileIron platform also offers advanced mobile security services, comprising Tunnel, which allows mobile apps to access enterprise resources through a secure application communication channel, eliminating the need for device VPN; Single Sign-On that provide access to multiple enterprise apps with a single authentication; Data View, which enables users to monitor and track mobile data usage; and Help@Work that mirrors the user’s screen onto the IT management console so that IT support personnel can better help the user resolve the issue. The company serves financial services, government, healthcare, legal, manufacturing, professional services, retail, technology, and telecommunications industries in the United States and internationally. MobileIron, Inc. was founded in 2007 and is headquartered in Mountain View, California.

783 Employees
Last Reported Date: 02/27/15
Founded in 2007

mobileiron inc (MOBL) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $292.5K
Senior Vice President of Sales
Total Annual Compensation: $300.0K
Vice President of Marketing & Products
Total Annual Compensation: $248.0K
Compensation as of Fiscal Year 2014.

mobileiron inc (MOBL) Key Developments

Dürr Selects Mobileiron to Secure Mobile Productivity for its Worldwide Operations

Dürr has selected MobileIron to secure and manage thousands of Windows Phone devices. The mobile access to data and documents is becoming increasingly important. This is why Dürr selected MobileIron to secure and manage approximately 2,500 mobile Windows Phone devices, with more being added everyday. MobileIron allows Dürr to centralize security and management of these devices.

Ryan & Maniskas, LLP Announces Class Action Lawsuit Against MobileIron, Inc

Ryan & Maniskas, LLP announced that a class action lawsuit has been filed in the Superior Court of the State of California, County of Santa Clara on behalf of purchasers of common stock of MobileIron, Inc. who purchased MobileIron securities pursuant to the company's Registration Statement and Prospectus issued in connection with its initial public offering on June 12, 2014. According to the complaint, MobileIron officials deceived the investing public and caused the price of its securities to be sold at artificially inflated prices. Specifically, MobileIron's Registration Statement omitted material information that was required to be disclosed—namely, that the company had recently been hacked and that its platform was vulnerable to security bugs. MobileIron went public on June 12, 2014, at $9.00 per share, and quickly traded up to close its first day of public trading at $11.02 per share. The following day, online insurance news journal PostOnline.co.uk published a story detailing that MobileIron's customer, Aviva plc, had its employees' mobile devices hacked. MobileIron was quoted as downplaying the event as an isolated incident. Then, on June 23, 2014, a news article published by TheRegister.co.uk stated that on May 20, 2014, a hacker compromised the MobileIron administrative server and performed a "full wipe" of many of the mobile devices used by Aviva personnel. An Aviva employee revealed in the article that the breach caused the company millions in damages. In the wake of the incident, Aviva moved its impacted personnel onto a Blackberry service and entered discussions with MobileIron's reseller Esselar to cancel their contract. Despite the fact that the breach occurred weeks before MobileIron's IPO, the Offering Materials failed to disclose the breach, Aviva moving to Blackberry's services, and the likely impact that the publication of the breach would have on MobileIron's ability to secure contracts with large customers and keep customers on its perpetual licensing revenue model. On April 22, 2015, MobileIron issued a press release announcing an inability to close multiple large deals from North American customers and a large shift by customers to its monthly subscription model, which resulted in lower billings and revenue. On the same day, the company issued another press release stating that its Chief Financial Officer was resigning. On this news, MobileIron stock fell $2.39 per share, or over 25%.

MobileIron Announces Very Favorable Jury Verdict in Patent Case with Good Technology

MobileIron announced a very favorable jury verdict in its patent case with Good Technology. The jury: upheld MobileIron's Enterprise App Store patent, U.S. Patent No. 8,359,016, as valid; held that two of Good Technology's patents are invalid; held that MobileIron's products do not infringe any of the Good Technology patents in the case; rejected Good Technology's Lanham Act claim for false advertising; and awarded no damages to either side. Three of Good Technology's Patents Invalidated " one by court and two by jury In a summary judgment order shortly before the trial commenced, the court invalidated Good Technology's Patent No. 6,151,606, which Good has said covers a workspace data manager to synchronize data on a smartphone. This patent was the centerpiece of past Good/Visto lawsuits against Microsoft, BlackBerry (formerly Research in Motion), and others. In trial, the jury further held that two additional Good Technology patents were invalid as obvious: Good Technology's Patent No. 8,012,219 covering a technique of selective wipe, and Patent No. 7,970,386 focusing on certain device monitoring technologies. None of these three patents can now be asserted against any other vendor, pending appeal. Finally, the jury also rejected Good Technology's Lanham Act claim that certain communications from a MobileIron salesperson contained false or misleading statements about Good's products, holding instead that the statements in question were not false or misleading. On Good Technology's one patent that survived invalidation by the jury, Patent No. 7,702,322 which covers a particular implementation of software distribution, the jury found that MobileIron's products did not infringe. The jury also held that MobileIron's products did not infringe the two Good Technology patents that it invalidated. In addition, Good's product was held not to infringe MobileIron's patent.

 

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Industry Analysis

MOBL

Industry Average

Valuation MOBL Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 2.2x
Price/Book 3.5x
Price/Cash Flow NM Not Meaningful
TEV/Sales 1.4x
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