Synchronoss Technologies (SNCR) Projected to Post Earnings on Tuesday

Synchronoss Technologies (NASDAQ:SNCR - Get Free Report) is anticipated to announce its Q1 2025 earnings results before the market opens on Tuesday, May 6th. Analysts expect the company to announce earnings of $0.29 per share and revenue of $42.15 million for the quarter. Synchronoss Technologies has set its FY 2025 guidance at EPS.

Synchronoss Technologies (NASDAQ:SNCR - Get Free Report) last released its quarterly earnings results on Tuesday, March 11th. The software maker reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.75. The firm had revenue of $44.21 million for the quarter, compared to analysts' expectations of $43.76 million. Synchronoss Technologies had a negative net margin of 20.00% and a negative return on equity of 10.99%. On average, analysts expect Synchronoss Technologies to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Synchronoss Technologies Price Performance

NASDAQ:SNCR traded up $0.65 during trading hours on Friday, hitting $10.66. 88,685 shares of the company's stock traded hands, compared to its average volume of 77,813. Synchronoss Technologies has a 52 week low of $6.39 and a 52 week high of $15.46. The business's fifty day simple moving average is $10.32 and its two-hundred day simple moving average is $10.05. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 5.75. The firm has a market cap of $122.49 million, a P/E ratio of -2.75 and a beta of 1.78.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Synchronoss Technologies from a "hold" rating to a "buy" rating in a research report on Friday, March 14th.

Insider Transactions at Synchronoss Technologies

In related news, CEO Jeffrey George Miller sold 17,389 shares of the 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 transaction, the chief executive officer now owns 336,232 shares of the company's stock, valued at $3,476,638.88. This represents a 4.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 33,193 shares of company stock valued at $344,220 in the last quarter. Insiders own 17.90% of the company's stock.

About Synchronoss Technologies

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.