Smith Micro SoftwareSMSI
SMSI
About: Smith Micro Software Inc is a provider of software solutions. It develops and markets wireless solutions for wireless service providers, mobile device and chipset manufacturers, and enterprise businesses. It offers multi-platform, modular solutions such as SafePath; CommSuite; and ViewSpot. The company's only reportable segment is Wireless. Its Wireless segment sells to large wireless carriers, cable operators, and OEMs.
Employees: 231
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
2,767% more call options, than puts
Call options by funds: $344K | Put options by funds: $12K
100% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 5
19% more funds holding
Funds holding: 26 [Q2] → 31 (+5) [Q3]
8.16% less ownership
Funds ownership: 16.17% [Q2] → 8.01% (-8.16%) [Q3]
50% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 10
77% less capital invested
Capital invested by funds: $3.81M [Q2] → $862K (-$2.95M) [Q3]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$5
416%
upside
Avg. target
$5
416%
upside
High target
$5
416%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Benchmark Matthew Harrigan 51% 1-year accuracy 39 / 76 met price target | 416%upside $5 | Buy Reiterated | 14 Nov 2024 |
Financial journalist opinion
Neutral
Business Wire
1 month ago
Smith Micro Deploys SafePath® Solution in Spain, Powering the Newly Launched Orange Spain TúYo Children's Mobile Plan
PITTSBURGH--(BUSINESS WIRE)--Smith Micro Software, Inc. (Nasdaq: SMSI) announces that its white-label SafePath® digital parenting solution is powering the new and groundbreaking TúYo children's mobile plan launched by Orange Spain (MASORANGE Group) earlier today. Based on Smith Micro's flagship SafePath Digital Family Lifestyle™ solution, the new TúYo service is the world's first mobile tariff with built-in protections designed specifically for the development of healthy and responsible digital.
Negative
Zacks Investment Research
1 month ago
Smith Micro Q3 Loss Narrower Than Expected, Revenues Lag
SMSI's Q3 revenues are affected by continued downtrends across various revenue segments.
Neutral
Seeking Alpha
1 month ago
Smith Micro Software, Inc. (SMSI) Q3 2024 Earnings Call Transcript
Smith Micro Software, Inc. (NASDAQ:SMSI ) Q3 2024 Earnings Conference Call November 13, 2024 4:30 PM ET Company Participants Charles Messman - Vice President, Marketing Bill Smith - Chairman, President, and Chief Executive Officer Jim Kempton - Chief Financial Officer Conference Call Participants Scott Searle - Roth Capital Partners Leo Carpio - Joseph Gunnar Matthew Harrigan - Benchmark Brian Swift - Security Research Associates Operator Good day and welcome to the Smith Micro Software's Financial Results for the Third Quarter ended September 30, 2024. All participants will be in listen-only mode.
Negative
Zacks Investment Research
1 month ago
Smith Micro Software, Inc. (SMSI) Reports Q3 Loss, Lags Revenue Estimates
Smith Micro Software, Inc. (SMSI) came out with a quarterly loss of $0.30 per share versus the Zacks Consensus Estimate of a loss of $0.31. This compares to earnings of $0.08 per share a year ago.
Neutral
Business Wire
1 month ago
Smith Micro Reports Third Quarter 2024 Financial Results
PITTSBURGH--(BUSINESS WIRE)--Smith Micro Software, Inc. (Nasdaq: SMSI) (“Smith Micro” or the “Company”) today reported financial results for its third quarter ended September 30, 2024. “We believe that the actions that we've taken to rationalize our costs over the past several months, coupled with the expansion of our revenue opportunities, have positioned us for a return to profitability on a non-GAAP basis and free cash flow during 2025,” said William W. Smith Jr., president, chief executive.
Neutral
Business Wire
1 month ago
Smith Micro Schedules Teleconference to Announce Third Quarter 2024 Financial Results
PITTSBURGH--(BUSINESS WIRE)--Smith Micro Software, Inc. (NASDAQ: SMSI) today announced that it will report its third quarter 2024 results following the close of regular trading on Wednesday, November 13, 2024. The news release will be followed by a teleconference available to all interested parties at 4:30 pm ET / 1:30 pm PT. The Smith Micro third quarter conference call may be accessed as follows: Date and Time: Wednesday, November 13 at 4:30 pm ET / 1:30 pm PT. News Release: Available in Smit.
Neutral
Business Wire
2 months ago
Smith Micro Completes Concurrent Equity Offerings Raising $6.9 Million
PITTSBURGH--(BUSINESS WIRE)--Smith Micro Software, Inc. (the “Company” or “Smith Micro”) (NASDAQ: SMSI) today announced the completion of investments in Company securities in two offerings: a registered offering with certain institutional and accredited investors and an unregistered offering with the Company's chief executive officer. Both offerings were priced based on the market value of the offered securities as of the time of signing the purchase agreements, and the gross proceeds of the tw.
Neutral
Business Wire
2 months ago
Smith Micro Founder and CEO Bill Smith to Invest $3.0 Million in Financing
PITTSBURGH--(BUSINESS WIRE)--Smith Micro Software, Inc.(the “Company” or “Smith Micro”) (NASDAQ: SMSI) today announced that it has entered into definitive agreements with respect to two separate offerings; a registered offering with certain institutional and accredited investors, and an unregistered offering with the Company's chief executive officer. Both offerings have been priced based on the market value of the offered securities as of the time of signing the purchase agreements. The aggreg.
Positive
Benzinga
4 months ago
Top 3 Tech Stocks Which Could Rescue Your Portfolio This Quarter
The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.
Neutral
Zacks Investment Research
4 months ago
Smith Micro's (SMSI) Q2 Earnings Lag, Revenues Fall Y/Y
Smith Micro Software (SMSI) loss widens year over year due to continued downtrends across various revenue segments.
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