An investigation on behalf of investors of Mobileiron Inc (NASDAQ:MOBL) shares over potential securities laws violations by Mobileiron Inc and certain of its directors and officers in connection with certain financial statements was announced.

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.

Mountain View, CA based MobileIron, Inc. provides a mobile information technology (IT) platform for enterprises to manage and secure mobile applications, content and devices. Mobileiron Inc reported that its annual Total Revenue rose from $149.30 million in 2015 to $163.93 million in 2016 and that its Net Loss declined from $84.48 million in 2015 to $67.18 million in 2016.

On October 17, 2017, post-market, Mobileiron Inc announced that its chief executive officer Barry Mainz will leave the Company, citing a 'mutual decision' with MobileIron's board of directors.

Shares of Mobileiron Inc (NASDAQ:MOBL) declined from $6.60 per share in June 2017 to as low as $3.35 per share on October 19, 2017.