Canaccord Genuity Reaffirms Hold Rating on Smith Micro Software (SMSI)

By admin | 6 years ago

Smith Micro Software (NASDAQ: SMSI)‘s stock had its “hold” rating restated by equities researchers at Canaccord Genuity in a report issued on Thursday.

Shares of Smith Micro Software traded down 5.15% during mid-day trading on Thursday, hitting $1.84. Smith Micro Software has a one year low of $0.96 and a one year high of $5.89. The company’s market cap is $65.5 million.

The company last announced its quarterly results on Wednesday, May 2nd. It reported ($0.15) earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of ($0.16) EPS by $0.01. The company’s quarterly revenue was down 43.3% on a year-over-year basis. On average, analysts predict that Smith Micro Software will post $-0.07 earnings per share next quarter.

A number of other firms have also recently commented on SMSI. Analysts at Needham & Company reiterated a “hold” rating on shares of Smith Micro Software in a research note to investors on Thursday, February 23rd. Analysts at Brigantine initiated coverage on shares of Smith Micro Software in a research note to investors on Thursday, February 23rd. They set a “neutral” rating on the stock.

Smith Micro Software, Inc. (Smith Micro) designs, develops and markets software products and services for the mobile computing and communications industries.

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