Synchronoss Technologies Company Profile (NASDAQ:SNCR)

Synchronoss Technologies trades on the NASDAQ under the ticker symbol "SNCR."

Synchronoss Technologies, Inc. (NASDAQ:SNCR) posted its quarterly earnings data on Wednesday, August, 3rd. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.53 by $0.04. The firm earned $161.49 million during the quarter, compared to analysts' expectations of $156.99 million. Synchronoss Technologies's revenue for the quarter was up 17.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.56 EPS. View Synchronoss Technologies' Earnings History.

Synchronoss Technologies is scheduled to release their next quarterly earnings announcement on Monday, November, 6th 2017. View Earnings Estimates for Synchronoss Technologies.

8 brokerages have issued 12 month target prices for Synchronoss Technologies' shares. Their predictions range from $10.00 to $35.00. On average, they anticipate Synchronoss Technologies' stock price to reach $18.71 in the next year. View Analyst Ratings for Synchronoss Technologies.

Here are some recent quotes from research analysts about Synchronoss Technologies stock:

• 1. According to Zacks Investment Research, "SYNCHRONOSS TECHNOLOGIES is the premier provider of on-demand transaction management software to Tier One communications service providers. Synchronoss enables service providers to drive growth in new and existing markets while delivering an improved customer experience at lower costs. The company's flagship ActivationNow and ConvergenceNow software platforms automate, synchronize and simplify electronic service creation and management of advanced wireline, wireless and IP services across existing networks. " (7/25/2017)
• 2. Stifel Nicolaus analysts commented, "On Wednesday, February 8th after the market close, Synchronoss reported its 4Q16 earnings results. The report was a challenging one to digest, with the presented financials chock full of moving parts as SNCR embarks on a fairly massive pivot into the Enterprise and away from its traditional AT&T Activation business. Q4 results themselves were generally in-line with the previous revised outlook (set on December 8th at the time of the IL announcement), with Continuing Operation Cloud revenue figures coming in at $123.9mn and Continuing Ops EPS coming in at $0.24 (vs. our Cloud estimate of $125.0mn and EPS of $0.25). However, FY17 guidance will likely prove disappointing to the Street, as it was merely held consistent with the company's prior targets for $810-$820mn, despite holding Intralinks for an extra 40 days or so. We have highlighted our concerns that the numerous moving parts present an operational challenge and serve to obfuscate true results and growth rates, and as such, we are maintaining our Hold rating while lowering our Target Price to $32." (2/9/2017)

Synchronoss Technologies saw a increase in short interest during the month of September. As of September 29th, there was short interest totalling 9,613,102 shares, an increase of 86.8% from the September 15th total of 5,145,642 shares. Based on an average trading volume of 3,889,099 shares, the short-interest ratio is presently 2.5 days. Currently, 26.8% of the shares of the company are sold short.

Some companies that are related to Synchronoss Technologies include ADTRAN (ADTN), Mitel Networks Corporation (MITL), Axcelis Technologies (ACLS), Veeco Instruments (VECO), Instructure (INST), Analogic Corporation (ALOG), CommerceHub (CHUBA), CEVA (CEVA), Cellcom Israel (CEL), Tuniu Corporation (TOUR), Benefitfocus (BNFT), Workiva (WK), Gogo (GOGO), Monotype Imaging Holdings (TYPE), Internet Initiative Japan (IIJI), Boingo Wireless (WIFI), Universal Electronics (UEIC) and MTS Systems Corporation (MTSC).

Synchronoss Technologies' management team includes the folowing people:

• Stephen G. Waldis, Executive Chairman of the Board, Chief Executive Officer
• Robert E. Garcia, President, Chief Operating Officer
• Lawrence R. Irving, Chief Financial Officer
• Ronald J. Prague, Chief Legal Officer, Executive Vice President, General Counsel, Secretary
• John DeFeo, EVP, General Manager - Customer Success and Technology Operations
• William J. Cadogan, Independent Director
• Thomas J. Hopkins, Independent Director
• James M. McCormick, Independent Director
• Donnie M. Moore, Independent Director

Synchronoss Technologies' stock is owned by many different of retail and institutional investors. Top institutional shareholders include SIRIS CAPITAL GROUP, LLC (12.93%), SIRIS CAPITAL GROUP, LLC (12.93%), SIRIS CAPITAL GROUP, LLC (12.93%), SIRIS CAPITAL GROUP, LLC (12.93%), SIRIS CAPITAL GROUP, LLC (12.93%) and Smith Graham & Co. Investment Advisors LP (1.74%). Company insiders that own Synchronoss Technologies stock include Charles E Hoffman, Chris Halbard, David Schuette, Donnie Moore, James M Mccormick, Karen Rosenberger, Robert Garcia, Ronald Prague, Silver Private Holdings I, Llc, Stephen G Waldis, Thomas J Hopkins and William J Cadogan. View Institutional Ownership Trends for Synchronoss Technologies.

Synchronoss Technologies' stock was sold by a variety of institutional investors in the last quarter, including Winslow Evans & Crocker Inc.. Company insiders that have sold Synchronoss Technologies stock in the last year include David Schuette, Donnie Moore, Karen Rosenberger, Robert Garcia, Ronald Prague, Thomas J Hopkins and William J Cadogan. View Insider Buying and Selling for Synchronoss Technologies.

Synchronoss Technologies' stock was bought by a variety of institutional investors in the last quarter, including Smith Graham & Co. Investment Advisors LP, Adams Asset Advisors LLC and Exane Derivatives. View Insider Buying and Selling for Synchronoss Technologies.

Shares of Synchronoss Technologies can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Synchronoss Technologies stock can currently be purchased for approximately $11.39.