Smith Micro Software (NASDAQ:SMSI) Continues to Defend Position Among Key Customers

Questions on the ability of Smith Micro Software (NASDAQ:SMSI) to defend its position among key customers of its data connectivity software have been raised recently, and Brigantine believes the company still has the edge among the top U.S. network operators.

Brigantine says, "We are reiterating our rating on the heels of a recent report that questioned Smith's data connectivity software position among key customers. By our understanding, Smith remains the dominant connectivity software provider for the top network operators in the U.S., and while competition always remains a threat, Smith has rebuffed encroachment on its competitive position by providing significant value over multiple past years. Most important are the prospects before Smith where new solutions bolster product offering while leveraging carrier relationships."

Brigantine Advisors maintains a 'Buy' rating on Smith Micro Software (SMSI), which closed Wednesday at $12.96, gaining $0.68, or 5.54 percent. Brigantine has a price target on Smith Micro of $18.