Canaccord Genuity Maintains a 'Hold' on Smith Micro Software (SMSI); Lowers FY12
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Price: $2.86 -1.04%
Rating Summary:
7 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
7 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Canaccord Genuity maintains a 'Hold' on Smith Micro Software (NASDAQ: SMSI) price target of $2.00.
Analyst, T. Michael Walkley, said, "Smith Micro reported Q1/12 results basically in line with our expectations and anticipates flat to slightly better sales in Q2/12. With its Mobile Network Director win with Sprint, Smith Micro anticipates sales should stabilize in Q2/12 and start recovering in Q3/12. Smith Micro must close additional deals in order for the company to slow the use of cash and return to profits in 2013."
FY12 lowered from (0.31) to (0.38), maintains FY13 at $0.18.
For an analyst ratings summary and ratings history on Smith Micro Software click here. For more ratings news on Smith Micro Software click here.
Shares of Smith Micro Software closed at $2.06 yesterday.
Analyst, T. Michael Walkley, said, "Smith Micro reported Q1/12 results basically in line with our expectations and anticipates flat to slightly better sales in Q2/12. With its Mobile Network Director win with Sprint, Smith Micro anticipates sales should stabilize in Q2/12 and start recovering in Q3/12. Smith Micro must close additional deals in order for the company to slow the use of cash and return to profits in 2013."
FY12 lowered from (0.31) to (0.38), maintains FY13 at $0.18.
For an analyst ratings summary and ratings history on Smith Micro Software click here. For more ratings news on Smith Micro Software click here.
Shares of Smith Micro Software closed at $2.06 yesterday.
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