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MobileIron, Inc. (MOBL) Boosts Q3 Guidance, Shares Climb

Company: MobileIron, Inc. (MOBL)
Category: Analyst Alerts News

Shares of MobileIron (NASDAQ: MOBL) are trading higher this morning after the stand-alone enterprise mobility management (EMM) provider raised guidance its guidance for the third quarter ended September 30, 2016, and said it is “on track” to be cash flow positive by the fourth quarter. Gross billings for the third quarter of 2016 are expected to be in the range of $46.5 million-$47.5 million, above the company’s previous guidance of $43 million-$45 million. MobileIron said it now expects revenues between $41.0 million-$42.0 million, above the previous guidance of $39 million-$41 million. Non-GAAP operating expenses are expected to be at the low end of the company’s guidance of $41 million-$43 million. MobileIron will post final Q3 results after market close on October 27.

To view the full press release, visit: http://nnw.fm/rQIJ8

About MobileIron

MobileIron provides the foundation for companies around the world to transform into Mobile First organizations. For more information, please visit www.mobileiron.com

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