Synchronoss Technologies (SNCR) Expected to Announce Quarterly Earnings on Tuesday

Synchronoss Technologies (NASDAQ:SNCR - Get Free Report) is expected to announce its earnings results after the market closes on Tuesday, March 11th. Analysts expect the company to announce earnings of $0.10 per share and revenue of $43.76 million for the quarter. Parties that are interested in registering for the company's conference call can do so using this link.

Synchronoss Technologies Stock Up 1.1 %

NASDAQ:SNCR traded up $0.09 during trading hours on Friday, reaching $8.55. 9,554 shares of the company traded hands, compared to its average volume of 69,234. Synchronoss Technologies has a 1 year low of $6.02 and a 1 year high of $15.46. The business's 50-day moving average price is $9.51 and its two-hundred day moving average price is $10.86. The stock has a market capitalization of $92.67 million, a P/E ratio of -2.20 and a beta of 2.05. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 5.75.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Roth Mkm upgraded Synchronoss Technologies from a "neutral" rating to a "buy" rating and increased their target price for the company from $11.00 to $13.00 in a research note on Monday, November 25th. Roth Capital raised Synchronoss Technologies from a "hold" rating to a "strong-buy" rating in a research report on Monday, November 25th.

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Insiders Place Their Bets

In other news, CEO Jeffrey George Miller sold 17,389 shares of the company's stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $10.34, for a total value of $179,802.26. Following the completion of the sale, the chief executive officer now directly owns 336,232 shares in the company, valued at $3,476,638.88. This represents a 4.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 17.90% of the stock is currently owned by insiders.

Synchronoss Technologies Company Profile

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.