Momentum Stock Watch: MobileIron, Inc. (MOBL)

Company Profile:

MobileIron, Inc., formerly Mobile Iron, Inc., provides a purpose-built mobile Information Technology (IT) platform for enterprises to secure and manage mobile applications, or apps, content and devices while providing their employees with device choice, privacy and a native user experience. The Company has introduced new products and functionality to address the management and security of mobile applications and content, and has extended its solution to a cloud offering to enable deployment flexibility for its customers. The Company’s platform enables four areas of functionality, which include Mobile Device Management (MDM), Mobile Application Management (MAM), Mobile Content Management (MCM) and Advanced Services. It focuses on customers of all sizes across a range of industries, including financial services, government, healthcare, legal, manufacturing, professional services, retail, technology and telecommunications.. MobileIron, Inc. was founded in 2007 and is headquartered in Mountain View, California.

Recent News:

On Jan. 06, 2016, MobileIron announced that it has appointed Barry Mainz, former president of Intel’s embedded software subsidiary Wind River, to take over the CEO title from MobileIron founder Bob Tinker.

Gross billings for the fourth quarter are expected to be in the range of $47.5-$49.0 million, at the high end of the company’s guidance of $46.0-$49.0 million. Total non-GAAP revenue is expected to be between $42.0-$43.0 million, above the guidance of $41.0-$42.0 million. Non-GAAP revenue excludes perpetual license revenue recognized from licenses delivered prior to 2013.

MobileIron announced that Forrester Research, Inc. has recognized the company as a Leader in its new report The Forrester Wave™: Enterprise Mobile Management, Q4 2015.

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

MOBL’s strengths can be seen in its strong growth, great solvency and robust efficiency. Technical indicators signal the bullish signs, as there is a bullish cross in MACD and Stochastic Oscillator. RSI is increasing to 48.90. The current P/BV ratio indicates it is undervalued compared to the average P/BV ratio of the industry. We rate MobileIron, Inc. (MOBL) a Strong BUY.