MobileIron Inc. shares fell in the extended session Tuesday after the enterprise security company said Chief Executive Barry Mainz was leaving the company following a mutual decision, effective immediately, and forecast revenue below Wall Street estimates. MobileIron shares fell 11% to $3.40 after hours. Simon Biddiscombe, the chief financial officer, has been appointed CEO and president and will join the board, while Shawn Ayers, vice president of finance, will serve as interim CFO as the company searches for a new CFO. The company forecast third-quarter revenue of $42 million to $43 million, while analysts surveyed by FactSet expect $45.2 million.
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