Openwave Systems Stock Gaps Down On Today's Open (OPWV)

NEW YORK ( TheStreet) -- Shares of Openwave Systems (Nasdaq: OPWV) were gapping down Friday morning with an open price 12.3% lower than Thursday's closing price. The stock closed at $2.84 Thursday and opened today's trading at $2.49.

The average volume for Openwave Systems has been 971,000 shares per day over the past 30 days. Openwave Systems has a market cap of $252.2 million and is part of the technology sector and computer software & services industry. Shares are up 89.9% year to date as of the close of trading on Thursday.

Openwave Systems Inc. provides software solutions for the communications and media industries in North America, Latin America, Europe, Africa, the Middle East, and the Asia-Pacific.

TheStreet Ratings rates Openwave Systems as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity and feeble growth in its earnings per share. You can view the full Openwave Systems Ratings Report.

Get more investment ideas from our investment research center.
null

If you liked this article you might like

Openwave Systems' CEO Discusses F3Q12 Results - Earnings Call Transcript

Openwave Systems' CEO Discusses F3Q12 Results - Earnings Call Transcript

5 Stocks Under $5 Making Big Moves

5 Stocks Under $5 Making Big Moves

Openwave Systems' CEO Discusses F2Q2012 Results - Earnings Call Transcript

Openwave Systems' CEO Discusses F2Q2012 Results - Earnings Call Transcript

Openwave Systems CEO Discusses F1Q2012 Results - Earnings Call Transcript

Openwave Systems CEO Discusses F1Q2012 Results - Earnings Call Transcript