– Fundamentals: Q1 revenue beat, net loss in line with expectations
– Catalysts: Revenue from T-Mobile (SafePath7) expected in Q2, AT&T and Verizon to follow
– Sentiment more positive with revenues from T-Mobile and other carriers coming online
– Technicals: Trading below all key moving averages on daily and weekly charts, but RSI is indicating oversold levels Shares of Smith Micro Software Inc. (SMSI) have lost value since the beginning of the year, and yet analysts covering the stock are maintaining a “buy” rating.
Earlier this month, the company reported that first-quarter earnings beat revenue estimates ($12.7 million vs. $12.3 million), while SMSI’s quarterly loss of 8 cents per share was in line with analyst estimates….
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