Aliso Viejo’s Smith Micro Software Inc., a maker of cell phone software, gave a 2010 sales range forecast on Thursday that at the high end exceeded what Wall Street had been expecting.
The company projects sales this year of $125 million to $135 million, which would be up 16% to 26% from 2009.
Analysts on average had been expecting 2010 sales of $127.4 million.
For 2009, Smith Micro said revenue is set to come in at $107 million, in line with what analysts are expecting on average.
The company didn’t offer a 2010 profit outlook. Analysts on average expect Smith Micro to make $24 million this year, up from an expected profit of $22 million for 2009.
In November, Smith Micro lowered its sales outlook for the fourth quarter and all of 2009 citing the “continuing negative economic environment.”
The company’s shares were flat in midday New York trading on a market value of $280 million.
Smith Micro makes software that allows for phones or PCs to connect to the Internet through a wireless service provider’s network.
The company also makes security software and software that does “over-the-air” downloads for music.
Customers include Verizon Wireless, a unit of New York’s Verizon Communications Inc., AT&T Inc., and T-Mobile USA Inc., a unit of Germany’s Deutsche Telekom AG, among others.
