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Fly News Breaks for October 1, 2018
SMSI
Oct 1, 2018 | 08:05 EDT
Roth Capital analyst Scott Searle started Smith Micro with a Buy rating and $4 price target. The analyst notes that over the past 18 months, Smith Micro has undergone a significant overhaul in cost structure, focus, and growth vectors. More specifically, the company has engineered a product turnaround in its visual voicemail business, while investing in location-based services, he points out, adding that he believes location represents a $1B-plus TAM in the U.S.
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