Synchronoss Technologies (SNCR) Scheduled to Post Quarterly Earnings on Tuesday

Synchronoss Technologies (NASDAQ:SNCR - Get Free Report) will be releasing its earnings data after the market closes on Tuesday, May 7th. Analysts expect Synchronoss Technologies to post earnings of ($0.58) per share for the quarter. Synchronoss Technologies has set its FY 2024 guidance at EPS.Persons interested in participating in the company's earnings conference call can do so using this link.

Synchronoss Technologies (NASDAQ:SNCR - Get Free Report) last posted its quarterly earnings data on Tuesday, March 12th. The software maker reported ($0.90) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.71). The firm had revenue of $41.40 million for the quarter, compared to the consensus estimate of $43.76 million. Synchronoss Technologies had a negative net margin of 25.43% and a negative return on equity of 17.99%. On average, analysts expect Synchronoss Technologies to post $-2 EPS for the current fiscal year and $-3 EPS for the next fiscal year.

Synchronoss Technologies Stock Down 3.7 %

Synchronoss Technologies stock traded down $0.24 during trading hours on Tuesday, hitting $6.31. 68,422 shares of the stock traded hands, compared to its average volume of 96,388. The firm's 50-day moving average price is $8.55 and its two-hundred day moving average price is $6.50. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 5.11. The company has a market cap of $65.06 million, a PE ratio of -0.95 and a beta of 1.66. Synchronoss Technologies has a one year low of $2.70 and a one year high of $13.97.

Insider Transactions at Synchronoss Technologies

In related news, Director Kevin Rendino purchased 5,000 shares of the company's stock in a transaction dated Thursday, February 22nd. The shares were purchased at an average cost of $9.30 per share, with a total value of $46,500.00. Following the transaction, the director now directly owns 888,892 shares in the company, valued at approximately $8,266,695.60. The purchase was disclosed in a document filed with the SEC, which is available through this link. In related news, EVP Patrick Joseph Doran sold 2,750 shares of the company's stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $9.33, for a total value of $25,657.50. Following the transaction, the executive vice president now directly owns 69,308 shares of the company's stock, valued at approximately $646,643.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kevin Rendino acquired 5,000 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was acquired at an average cost of $9.30 per share, for a total transaction of $46,500.00. Following the completion of the transaction, the director now directly owns 888,892 shares in the company, valued at approximately $8,266,695.60. The disclosure for this purchase can be found here. Insiders have sold a total of 7,490 shares of company stock valued at $59,307 in the last ninety days. 6.90% of the stock is currently owned by corporate 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.