Smith Micro Software (SMSI) Getting Somewhat Positive Press Coverage, Report Shows

Media stories about Smith Micro Software (NASDAQ:SMSI) have been trending somewhat positive on Friday, Accern reports. The research firm ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Smith Micro Software earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave news coverage about the software maker an impact score of 46.3736898348585 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Shares of Smith Micro Software (SMSI) traded up 6.67% during midday trading on Friday, hitting $1.60. The stock had a trading volume of 46,495 shares. Smith Micro Software has a 52-week low of $0.80 and a 52-week high of $2.32. The company’s 50 day moving average is $1.28 and its 200 day moving average is $1.16. The company’s market cap is $22.88 million.

Smith Micro Software (NASDAQ:SMSI) last released its earnings results on Tuesday, August 8th. The software maker reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.05. The firm had revenue of $5.86 million for the quarter. Smith Micro Software had a negative return on equity of 339.18% and a negative net margin of 49.33%. On average, analysts anticipate that Smith Micro Software will post ($0.31) earnings per share for the current year.

Separately, ValuEngine lowered Smith Micro Software from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 6th.

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About Smith Micro Software

Smith Micro Software, Inc is a provider of software solutions. The Company operates through two segments: Wireless and Graphics. The Company offers multi-platform, modular solutions organized into three product families, including NetWise, CommSuite and QuickLink. For mobile network operators, NetWise helps reduce cellular congestion and optimize data traffic across third-generation (3G), fourth-generation (4G) and wireless fidelity (Wi-Fi) networks.

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