BUZZ-MobileIron jumps after Blackberry buys rival

Fri Sep 4, 2015 1:24pm EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

** Shares of MobileIron Inc up 4.7 pct despite broad market selloff

** Jump in MobileIron follows Blackberry's announced deal to buy Good Technology for $425 mln

** MobileIron and Good Technology help enterprises securely manage employees' mobile devices

** MobileIron struggling to compete against offerings from larger players Microsoft, SAP, VMware's Airwatch

** Good is in patent litigation against MobileIron

** MobileIron trades at about 1.8x EV/Sales, low compared to Citrix Systems at 2.9x and Palo Alto Networks at 10.3x

** Shares of Mobileiron down 55 pct from June 2014 IPO price of $9