MobileIron, SuperCom rally on Imperial Capital launches

Imperial Capital has launched coverage on MDM software vendor MobileIron (MOBL +3.2%) with an Outperform and $11 target, and on RFID hardware/software provider SuperCom (SPCB +5.7%) with an Outperform and $14 target.

"We believe MobileIron is positioned to capitalize on the network effect of its mobile ecosystem," writes Imperial's Michael Kim. He sees plenty of room for the company to grow sales to existing clients via cross-selling and up-selling, and to add to its customer base via channel partnerships.

MobileIron is now slightly above its $9 June IPO price. SuperCom is up 149% YTD.

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Comments (3)
  • Jaret Wilson
    , contributor
    Comments (1207) | Send Message
    SuperCom is still significantly underpriced, and the Imperial target is conservative. I have increased my position since my article.
    22 Aug 2014, 12:11 PM Reply Like
  • jbw1937
    , contributor
    Comments (48) | Send Message
    Once again your dead on. Hard to put a finger on this one but, looks like $20 in next year. How about HINX. Hard to believe this has not gone way over the top.
    22 Aug 2014, 08:48 PM Reply Like
  • Jaret Wilson
    , contributor
    Comments (1207) | Send Message
    jbw, yeah I agree it's tough to predict due to the nature of the contracts, but $20 seems very doable. As for HIMX -- no idea about the short term (it's moved quite a bit recently), but next year I still think it sees low double digits.
    23 Aug 2014, 02:44 AM Reply Like
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