San Diego, CA -- (SBWIRE) -- 06/29/2015 -- An investigation on behalf of current long-term investors in NASDAQ:MOBL shares concerning potential breaches of fiduciary duties by certain directors and officers of Mobileiron Inc was announced.

Investors who are current long term investors in Mobileiron Inc (NASDAQ:MOBL) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NASDAQ:MOBL stocks follows a lawsuit filed recently against Mobileiron Inc over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ:MOBL stocks, concerns whether certain Mobileiron officers and directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Northern District of California the plaintiff alleges that Mobileiron Inc issued certain materially false and misleading statements about the Company's true financial condition and prospects.

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 $5.88 per share on April 30, 2015.

On June 25, 2015, NASDAQ:MOBL shares closed at $6.31 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