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

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

Smith Micro Software Trading Down 5.7 %

NASDAQ SMSI traded down $0.07 on Tuesday, reaching $1.08. 195,563 shares of the company were exchanged, compared to its average volume of 288,239. The business’s fifty day moving average price is $1.33 and its 200 day moving average price is $1.03. The stock has a market capitalization of $12.75 million, a P/E ratio of -0.21 and a beta of 0.75. Smith Micro Software has a fifty-two week low of $0.52 and a fifty-two week high of $3.21.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on SMSI shares. StockNews.com lowered shares of Smith Micro Software from a “hold” rating to a “sell” rating in a report on Saturday, December 21st. Benchmark reaffirmed a “buy” rating and set a $5.00 price objective on shares of Smith Micro Software in a research note 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.