Mobileiron Rides Q4 Figures to Higher Stock Prices

Mobileiron Inc (NASDAQ: MOBL) shares rose Friday following strong quarterly results.

Revenue was $48.8 million, up 7% year-over-year. GAAP net loss per share was $0.08; non-GAAP net income per share was $0.00.

CEO Simon Biddiscombe, who heads the company based out of Mountain View, California, was quoted thus in a news release. "We delivered a strong finish to 2017 with record revenue and billings, each well above guidance, and the first non-GAAP operating profit in the company's history.

"We serve a market where the threats to corporate data on mobile devices are growing. There are hundreds of millions of unprotected endpoints with corporate data, and only MobileIron has the end-to-end modern security solution to protect data from the endpoint to the cloud. We are excited to capitalize on this opportunity and accelerate revenue growth in 2018 while driving leverage in the model to increase profitability.

What’s more, the company is providing the following outlook for its first quarter 2018 (ending March 31, 2018). Revenue is expected to be between $42 million and $45 million, roughly flat to up 6% year-over- year. Non-GAAP operating expenses are expected to be between $43 million and $44 million.

MobileIron provides the secure foundation for companies around the world to transform into Mobile First organizations. During the most recent quarter, the company released new versions of MobileIron Cloud, Core, Access, AppConnect, Docs@Work, Email+, Sentry, Tunnel, and Web@Work.

The stock price picked up 75 cents, or 18.8%, to $4.75.

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