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Shares of MobileIron(NASDAQ: MOBL) were falling today after the mobile security specialist posted disappointing results in its fourth-quarter earnings report as headwinds in Europe continued to present challenges. As a result, the stock was down 9.7% at 3:18 p.m. EDT.
Overall revenue was flat in the quarter at $54.1 million, which was short of estimates at $55 million. There were other signs that the company continues to grow, however, as annual recurring revenue increased 10% to $179.5 million, and full-year revenue was up 6% to $205.2 million.