Dawson James says AT&T launched Smith Micro’s family safety service

Dawson James reiterates a Buy rating on Smith Micro Software with a $3.50 after the company announced a tier 1 wireless carrier has launched its family safety service on Smith’s SafePath platform. The firm believes the unnamed carrier is AT&T (T) and that a successful launch could spur Smith’s other tier 1 wireless carrier customer, T-Mobile (TMUS), to become more aggressive in its roll-out of its family safety service. For the company’s two carrier customers, the family safety service is a potential market of $144M to $300M annually, the analyst tells investors in a research note. “Revenue can grow rapidly when carriers market the product,” writes Dawson James.