Smith Micro Software (NASDAQ:SMSI) Releases Earnings Results, Misses Expectations By $0.06 EPS

Smith Micro Software (NASDAQ:SMSI) issued its earnings results on Tuesday. The software maker reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.06), Zacks reports. Smith Micro Software had a negative net margin of 210.99% and a negative return on equity of 36.69%.

Smith Micro Software Trading Down 5.7 %

NASDAQ SMSI traded down $0.07 on Tuesday, hitting $1.08. The company’s stock had a trading volume of 1,303,752 shares, compared to its average volume of 302,155. The firm has a market cap of $12.75 million, a P/E ratio of -0.21 and a beta of 0.75. Smith Micro Software has a 52-week low of $0.52 and a 52-week high of $3.21. The company’s 50-day simple moving average is $1.33 and its 200 day simple moving average is $1.03.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SMSI. StockNews.com downgraded Smith Micro Software from a “hold” rating to a “sell” rating in a research report on Saturday, December 21st. Benchmark reissued a “buy” rating and set a $5.00 price target on shares of Smith Micro Software in a research report on Thursday, November 14th.

Smith Micro Software Company Profile

Smith Micro Software, Inc engages in the development and sale of software to enhance the mobile experience to wireless and cable service providers in the Americas, Europe, the Middle East, and Africa. The company offers SafePath Family, SafePath IoT, SafePath Home, and SafePath Premium product suite, which provides tools to protect digital lifestyles and manage connected devices inside and outside the home; and CommSuite, a messaging platform that helps mobile service provides deliver a next-generation voicemail experience to mobile subscribers, as well as enables multi-language voice-to-text (VTT) transcription messaging.