Smith Micro Software (NASDAQ:SMSI) Posts Earnings Results, Beats Expectations By $0.01 EPS

Smith Micro Software (NASDAQ:SMSI) posted its quarterly earnings data on Wednesday, May 8th. The software maker reported $0.02 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.01, Fidelity Earnings reports. The firm had revenue of $8.43 million for the quarter, compared to analysts’ expectations of $7.80 million. Smith Micro Software had a positive return on equity of 24.68% and a negative net margin of 1.06%.

Shares of NASDAQ SMSI traded up $0.02 during mid-day trading on Friday, reaching $3.36. The company had a trading volume of 114,340 shares, compared to its average volume of 195,692. Smith Micro Software has a one year low of $1.62 and a one year high of $3.48. The stock has a market capitalization of $107.08 million, a P/E ratio of -24.00 and a beta of 0.33.

Several research analysts have weighed in on the company. Zacks Investment Research cut Smith Micro Software from a “buy” rating to a “sell” rating in a research report on Wednesday. TheStreet upgraded Smith Micro Software from a “d” rating to a “c-” rating in a research report on Friday, May 10th. ValuEngine upgraded Smith Micro Software from a “hold” rating to a “buy” rating in a research report on Saturday, May 4th. Finally, Chardan Capital assumed coverage on Smith Micro Software in a research report on Sunday, April 7th. They set a “buy” rating and a $5.00 price objective on the stock. One investment analyst has rated the stock with a sell rating and three have given a buy rating to the company. Smith Micro Software has an average rating of “Buy” and a consensus price target of $3.67.

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Smith Micro Software Company Profile

Smith Micro Software, Inc develops and sells software to simplify and enhance the mobile experience to wireless service providers, device manufacturers, and enterprise businesses in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through two segments, Wireless and Graphics.

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Earnings History for Smith Micro Software (NASDAQ:SMSI)

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