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MobileIron higher after raising Q3 guidance

Oct. 10, 2016 9:15 AM ETMobileIron, Inc. (MOBL) StockBy: Niloofer Shaikh, SA News Editor1 Comment
  • MobileIron (NASDAQ:MOBL) expects Q3 gross billings to be in the range of $46.5M - 47.5M above prior guidance of $43M - $45M.
  • Total revenues are anticipated to be between $41M - $42M above the previous guidance of $39M - $41M and a consensus estimate of $40.41M.
  • Non-GAAP operating expenses are expected to be at the low end of $41M - $43M.
  • Cash and cash equivalents plus short-term and long-term investments of ~$80M for a sequential reduction of roughly $6M.
  • The company will announce results on October 27, after the close of the market.
  • MOBL +14.13% premarket.

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