RE:mobileiron down 30% after hours
MobileIron -34.6%; Q1 warning issued, CFO resigns Apr 22 2015, 17:30 ET | By: Eric Jhonsa, SA News Editor MobileIron (NASDAQ:MOBL) expects Q1 revenue of $32M-$33M, below guidance of $34M-$37M and a $36.3M consensus. Billings are expected to total $35M-$37M, below guidance of $40M-$42M.CEO Bob Tinker: "Near the end of the quarter, we witnessed multiple large deals from North American customers that did not close as expected. Further, we saw a large shift by customers to our monthly subscription offering, which resulted in lower billings and revenue." MobileIron faces competition from SAP, IBM, VMware (AirWatch), BlackBerry, Microsoft, and Good Technology, among others.The company also announces CFO Todd Ford is resigning to join another company. An interim CFO will be named shortly, and a search conducted for a successor. Shares have plunged to $6.21 AH. Full Q1 results arrive on April 30. https://seekingalpha.com/news/2445286-mobileiron-minus-34_6-percent-q1-warning-issued-cfo-resigns