Shares of Mobileiron, Inc. (NASDAQ:MOBL) Advance Skyward Upon News of Addition to Rainmaker Labs Portfolio

Standalone EMM leader, Mobileiron, Inc. (NASDAQ:MOBL), announced that Rainmaker Labs has added their solutions to its distribution portfolio, bringing mobile and cloud security to Singapore.

MOUNTAIN VIEW, California, Sept. 29, 2016 /PRNewswire/ — MobileIron (MOBL), the stand-alone EMM leader, today announced that Rainmaker Labs has added MobileIron’s solutions to its distribution portfolio to bring mobile and cloud security to Singapore.

“Enterprises rely on mobile and cloud technologies now more than ever, which presents challenges to managing the complexity and speed at which these technologies evolve,” said Peter Athanasiou, Director, Channels & Alliances, Asia-Pacific, MobileIron. “MobileIron incorporates identity, context, and privacy enforcement to secure corporate information wherever it lives while preserving employee privacy.”

“We support our applications with premium mobility solutions to guarantee our clients the best in mobile user experience, consumer engagement & mobile app development,” said Mr. Alex Leong, CEO Rainmaker Labs.

MobileIron is the security and applications backbone for modern enterprise computing. With MobileIron, organizations can protect corporate data, securely deliver apps and content, and let employees choose the devices they want to use. MobileIron has been named a category leader by top industry analysts and has been granted 38 patents for its modern enterprise security innovation. In Q2 2016, MobileIron surpassed 10 million cumulative seats and 12,000 cumulative customers who have purchased the MobileIron platform since 2009.

As an enterprise solutions company, Rainmaker Labs develops end-to-end mobile solutions for enterprises, businesses & companies around the world. With its enterprise mobility platforms, it has developed award-winning mobile apps to suit clients’ needs.

About MobileIron

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

About Rainmaker Labs

Founded in 2011, Rainmaker Labs is a fast growing mobile technology company. Headquartered in Singapore with offices in Asia Pacific, we help transform the business and operations of the world’s leading organizations through our enterprise mobility solutions. For more information, please visit

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Shares of Mobileiron, Inc. (NASDAQ:MOBL) are actively moving +2.99% thus far today on the news and have traded in the range of $2.64 – 2.78 during the session.  A number of research firms have recently weighed in on the stock, providing future price targets. The covering firms currently have a consensus one-year price target of $3.93 on the stock.  This is according to brokerage analysts polled by Thomson Reuters First Call.  This is the average number from the individual targets provided by the firms.  Analysts are projecting earnings per share of $0.00 for the next fiscal quarter.  For the current year, analysts are predicting earnings of $-0.43 per share according to First Call.

In looking at where the stock is trading on a technical level, the stock is trading -4.10% away from its 50-day moving average of $2.88.  Based on the most recent available data, the equity is -42.26% off of its 52-week high of $4.78 and +7.81% away from its 52-week low which is $2.56.

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Today, the stock opened at $2.67 and the last bid at the time of writing stood at $2.76.  During the session thus far, the equity dipped down to $2.64 and touched $2.78 as the high point.  Mobileiron, Inc. (NASDAQ:MOBL) has a market cap of $206.03M and has seen an average daily volume of 268688 over the past three months.

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