Shares of Smith Micro Software, Inc. (NASDAQ:SMSI) Advance Upon News of Enhancement of Animation Process

Mobile software developer, Smith Micro Software, Inc. (NASDAQ:SMSI), has showcased enhancements made to its award-winning tool for 2D animation.

ALISO VIEJO, California, Oct. 27, 2016 /PRNewswire/ — Today at the launch event for Microsoft’s new Surface Studio, Smith Micro Software, Inc. (SMSI) showcased enhancements to its award-winning tool for 2D animation, Moho™ 12 (formerly Anime Studio®). The latest release includes new features optimized to work with Microsoft’s groundbreaking new Surface Dial, making it faster and easier to create complex animations with the turn of a dial.

“We were flattered to be invited by Microsoft to demo our unique Moho animation software in their product showcase as part of this important launch event,” said William W. Smith, Jr., President and CEO of Smith Micro Software. “The combination of Moho running on the new Surface Studio will allow digital artists and animators to truly turn their desktops into highly productive design studios.”

“Moho 12 is already the most complete drawing and animation solution on the market.  Now with the power of the new Microsoft Surface Studio, and the ease and creativity afforded by the new Surface Dial, Moho turns the tedious work of traditional animation into a faster, more streamlined digital experience,” said Fahim Niaz, Director of Product Management at Smith Micro Software.

“We are excited to see how the Moho animation software comes alive on the Surface Studio and takes advantage of Surface Dial to allow people to more quickly and easily create complex animations,” said John Richards, General Manager of Surface at Microsoft. “The Smith Micro experience on Surface Studio is a fantastic example of how Surface Dial can deliver real value and open new possibilities and efficiencies to creative professionals.”

Moho Features Enabled for Microsoft’s Surface Studio and Surface Dial:

    New Overlay Timeline: When the Surface Dial is on the screen, a new overlay timeline appears following its position, hiding other windows and allowing the artist to intuitively navigate in time, and animate using the entire screen.

    Rigged Characters: The Surface Dial allows artists to easily select frames within the timeline where new animation can be added to rigged characters using Moho’s SmartBones feature. As movements are added via pen or cursor, the animator can use the Surface Dial to scroll back and forth through the new animation sequence to easily see if the movement is correct.

    Rotating Canvas: After selecting Rotation Mode in the Surface Dial, artists can easily rotate the canvas by turning the dial left or right, making free-hand drawing easier by changing the canvas orientation up to 360 degrees.

    Frame-by-Frame Animation: Using the Surface Dial to quickly add new frames with a double-click, artists can draw on a sequence of still frames, and then rotate the dial left or right to simulate flip-book animation.

Customers can purchase Moho 12 ahead of Surface Studio availability by visiting Smith Micro’s online store, or from the Microsoft Windows online store.  The new Moho 12 off-screen features created for the new Surface Dial will work on all Microsoft Surface devices.

About Smith Micro Software, Inc.:

Smith Micro develops software to simplify and enhance the mobile experience, providing solutions to some of the leading wireless service providers, device manufacturers, and enterprise businesses around the world.  From optimizing wireless networks to uncovering customer experience insights, and from streamlining Wi-Fi access to ensuring family safety, our solutions enrich today’s connected lifestyles while creating new opportunities to engage consumers via smartphones. Our portfolio also includes a wide range of products for creating, sharing, and monetizing rich content, such as visual messaging, video streaming, and 2D/3D graphics applications. For more information, visit smithmicro.com (SMSI)

Safe Harbor Statement:

This release contains forward-looking statements that involve risks and uncertainties, including without limitation, forward-looking statements relating to the company’s financial prospects and other projections of its performance, the existence of new sales opportunities and interest in the company’s products and solutions, the company’s ability to increase its revenue by capitalizing on new opportunities, and customer concentration given that the majority of our sales depend on a few large client relationships, including Sprint. Among the important factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements are changes in demand for the company’s products from its customers and their end-users, new and changing technologies, customer acceptance and timing of deployment of those technologies, and the company’s ability to compete effectively with other software and technology companies. These and other factors discussed in the company’s filings with the Securities and Exchange Commission, including our filings on Forms 10-K and 10-Q, could cause actual results to differ materially from those expressed or implied in any forward-looking statements. The forward-looking statements contained in this release are made on the basis of the views and assumptions of management regarding future events and business performance as of the date of this release, and the company does not undertake any obligation to update these statements to reflect events or circumstances occurring after the date of this release.

Original Source

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Smith Micro Software, Inc. (NASDAQ:SMSI) shares are moving +8.05% on the news today and have traded in the range of $1.45 – 1.65 during the current trading session. A number of brokerage analysts have recently weighed in on the stock, providing price target projections. The covering firms currently have a consensus one-year price target of $6.00 on the stock.  This is according to brokerage analysts polled by Thomson Reuters First Call.  This is the average number from the individual targets provided by the firms.  Analysts are projecting earnings per share of $0.00 for the next fiscal quarter.  For the current year, analysts are predicting earnings of $-0.31 per share according to First Call.

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In looking at where Smith Micro Software, Inc. (NASDAQ:SMSI) is trading on a technical level, the stock is trading -24.31% away from its 50-day moving average of $2.13.  Based on the most recent available data, the equity is -53.20% off of its 52-week high of $3.44 and +12.59% away from its 52-week low which is $1.43.

Today, the stock opened at $1.45 and the last bid at the time of writing stood at $1.61.  During the session thus far, the equity dipped down to $1.45 and touched $1.65 as the high point.  Smith Micro Software, Inc. (NASDAQ:SMSI) has a market cap of $19.84M and has seen an average daily volume of 36,274 over the past three months.

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Disclaimer: The views, opinions, and information expressed in this article are those of the authors and do not necessarily reflect the official policy or position of any company stakeholders, financial professionals, or analysts. Examples of analysis performed within this article are only examples. They should not be utilized to make stock portfolio or financial decisions as they are based only on limited and open source information. Assumptions made within the analysis are not reflective of the position of any analysts or financial professionals.

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