How MobileIron Inc. Stock Fell 25% in July
Shares of MobileIron (NASDAQ: MOBL) fell 25.2% in July, according to data from S&P Global Market Intelligence.
The maker of mobile data security tools for enterprise-class customers reported second-quarter results on July 27, and the business update failed to impress investors. The actual results were largely in line with analyst expectations, but MobileIron's new order billings came up short.
CEO Barry Mainz took pains to reassure investors that a few large deals had simply been delayed, not canceled or otherwise lost, but shares still fell more than 13% the next day.
Source: Fool.com
