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NASDAQ:SNCR

Synchronoss Technologies (SNCR) Stock Price, News & Analysis

Synchronoss Technologies logo
$9.34 -0.72 (-7.16%)
(As of 12/17/2024 ET)

About Synchronoss Technologies Stock (NASDAQ:SNCR)

Key Stats

Today's Range
$9.30
$10.03
50-Day Range
$8.73
$13.01
52-Week Range
$4.82
$15.46
Volume
98,896 shs
Average Volume
84,526 shs
Market Capitalization
$101.24 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$13.00
Consensus Rating
Strong Buy

Company Overview

Synchronoss Technologies, Inc. provides cloud, messaging, digital, and network management solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers Synchronoss Personal Cloud platform that allows customers' subscribers to backup and protect, engage with, and manage their personal content. It also provides Synchronoss' Messaging platform comprising advanced messaging platform and email suites; and OnboardX products, including mobile content transfer solution that offers wireless transfer of content from one mobile smart device to another in a carrier retail location or at home/work, etc., as well as out of box experience solution, a device setup solution that assists customers in setting up the features of new device, such as Wi-Fi, email, social network accounts and voicemail, prompting restoration of content, and enrollment in a cloud service. In addition, the company provides NetworkX products comprising spatialNX, an enterprise-wide access to network information, including physical location, specifications, attributes, connectivity, and capacity for every plant asset; ConnectNX, a system that eliminates manual handling of service orders and manages the full order lifecycle between customer and supplier through automation and rules-based validation; and ExpenseNX, a financial analytics platform. Further, it offers professional services, such as consulting, installation and deployment, configuration, systems integration, and support services; and software development and customization services. The company markets and sells its services through direct sales force and strategic partners. Synchronoss Technologies, Inc. was incorporated in 2000 and is headquartered in Bridgewater, New Jersey.

Synchronoss Technologies Stock Analysis - MarketRank™

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77th Percentile Overall Score

SNCR MarketRank™: 

Synchronoss Technologies scored higher than 77% of companies evaluated by MarketBeat, and ranked 222nd out of 664 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Synchronoss Technologies has received a consensus rating of Strong Buy. The company's average rating score is 3.50, and is based on 1 buy rating, no hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Synchronoss Technologies has only been the subject of 2 research reports in the past 90 days.

  • Read more about Synchronoss Technologies' stock forecast and price target.
  • Earnings Growth

    Earnings for Synchronoss Technologies are expected to grow by 750.00% in the coming year, from $0.10 to $0.85 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Synchronoss Technologies is -2.41, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Synchronoss Technologies is -2.41, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Book Value per Share Ratio

    Synchronoss Technologies has a P/B Ratio of 3.63. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    1.07% of the float of Synchronoss Technologies has been sold short.
  • Short Interest Ratio / Days to Cover

    Synchronoss Technologies has a short interest ratio ("days to cover") of 1.1, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Synchronoss Technologies has recently decreased by 1.48%, indicating that investor sentiment is improving.
  • Dividend Yield

    Synchronoss Technologies does not currently pay a dividend.

  • Dividend Growth

    Synchronoss Technologies does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    1.07% of the float of Synchronoss Technologies has been sold short.
  • Short Interest Ratio / Days to Cover

    Synchronoss Technologies has a short interest ratio ("days to cover") of 1.1, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Synchronoss Technologies has recently decreased by 1.48%, indicating that investor sentiment is improving.
  • News Sentiment

    Synchronoss Technologies has a news sentiment score of 0.97. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.66 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 5 news articles for Synchronoss Technologies this week, compared to 2 articles on an average week.
  • Search Interest

    Only 5 people have searched for SNCR on MarketBeat in the last 30 days. This is a decrease of -17% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Synchronoss Technologies insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    17.90% of the stock of Synchronoss Technologies is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    51.71% of the stock of Synchronoss Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Synchronoss Technologies' insider trading history.
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SNCR Stock News Headlines

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SNCR Stock Analysis - Frequently Asked Questions

Synchronoss Technologies' stock was trading at $6.21 on January 1st, 2024. Since then, SNCR stock has increased by 50.4% and is now trading at $9.34.
View the best growth stocks for 2024 here
.

Synchronoss Technologies, Inc. (NASDAQ:SNCR) released its quarterly earnings data on Monday, November, 8th. The software maker reported $0.81 EPS for the quarter, topping the consensus estimate of ($0.63) by $1.44. The software maker earned $69.75 million during the quarter, compared to the consensus estimate of $68.26 million. Synchronoss Technologies had a negative net margin of 20.00% and a negative trailing twelve-month return on equity of 10.99%.

Synchronoss Technologies shares reverse split on Monday, December 11th 2023. The 1-9 reverse split was announced on Monday, December 11th 2023. The number of shares owned by shareholders was adjusted after the closing bell on Monday, December 11th 2023. An investor that had 100 shares of stock prior to the reverse split would have 11 shares after the split.

The following companies are subsidiaries of Synchronoss Technologies: IntraLinks, Openwave Messaging, Razorsight, Younited, Voxmobili, SpeechCycle, Miyowa, FusionOne, and Wisor Telecom.

Synchronoss Technologies' top institutional shareholders include B. Riley Financial Inc. (6.96%), Allspring Global Investments Holdings LLC (5.23%), Geode Capital Management LLC (0.96%) and Bouvel Investment Partners LLC (0.67%). Insiders that own company stock include B Riley Financial, Inc, Jeffrey George Miller, Stephen G Waldis, Patrick Joseph Doran, Lou Ferraro, Christopher K Hill, Martin Francis Bernstein, Christina Gabrys and Kristin S Rinne.
View institutional ownership trends
.

Shares of SNCR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Synchronoss Technologies investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Eli Lilly and Company (LLY), Broadcom (AVGO), Novo Nordisk A/S (NVO) and TechnipFMC (FTI).

Company Calendar

Last Earnings
11/08/2021
Today
12/17/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Custom computer programming services
Sub-Industry
Application Software
Current Symbol
NASDAQ:SNCR
CUSIP
87157B10
Fax
N/A
Employees
1,321
Year Founded
2000

Price Target and Rating

Average Stock Price Target
$13.00
High Stock Price Target
$13.00
Low Stock Price Target
$13.00
Potential Upside/Downside
+39.2%
Consensus Rating
Strong Buy
Rating Score (0-4)
3.50
Research Coverage
2 Analysts

Profitability

Net Income
$-54,530,000.00
Pretax Margin
-4.37%

Debt

Sales & Book Value

Annual Sales
$170.79 million
Cash Flow
$1.83 per share
Book Value
$2.57 per share

Miscellaneous

Free Float
8,899,000
Market Cap
$101.24 million
Optionable
Optionable
Beta
1.99

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This page (NASDAQ:SNCR) was last updated on 12/18/2024 by MarketBeat.com Staff
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