San Diego, CA -- (SBWIRE) -- 04/28/2015 -- An investigation on behalf of investors of Mobileiron Inc (NASDAQ:MOBL) shares over potential securities laws violations by Mobileiron and certain of its directors and officers in connection certain financial statements was announced.

Investors who purchased shares of Mobileiron Inc (NASDAQ:MOBL) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Mobileiron Inc (NASDAQ:MOBL) concerning whether a series of statements by Mobileiron Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Mobileiron Inc, formerly Mobile Iron, Inc went public in June 2014 and shares of , Mobileiron Inc (NASDAQ:MOBL) traded in early September 2014 as high as $12.05 per share.

On Feburary 12, 2015, Mobileiron Inc announced its fiscal fourth quarter and full year 2014 financial results. Mobileiron Inc reported that annual total Revenue rose from $105.57 million in 2013 to $132.29 million in 2014 while its Net Loss increase dfrom $32.50 million to $61.89 million. Mobileiron Inc also provided an outlook for its fiscal first quarter 2015. Among other things, Mobileiron Inc said that it expects tha its total billings are to be between $40 million and $42 million and that its total non-GAAP revenue is to be between $34 million and $37 million, and GAAP revenue is to be between $34.8 million and $37.8 million.

Then on April 22, 2015, Mobileiron Inc announced preliminary financial results for its first quarter of 2015. Mobileiron Inc said that gross billings for the quarter are expected to be in the range of $35.5-$37.0 million, below the company's guidance of $40.0-$42.0 million and that total non-GAAP revenue is expected to be between$32.0-$33.0 million, compared to guidance of $34.0-$37.0 million.Shares of Mobileiron Inc (NASDAQ:MOBL) declined to as low as $6.02 per share on April 23, 2015.

On April 24, 2015, NASDAQ:MOBL shares closed at $6.98 per share.

Those who purchased shares of Mobileiron Inc (NASDAQ:MOBL) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com