NASDAQ:SNCR - Synchronoss Technologies Stock Price, Forecast & News

Synchronoss Technologies' stock was trading at $3.69 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, SNCR stock has decreased by 17.1% and is now trading at $3.06. View which stocks have been mosted impacted by Coronavirus.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Synchronoss Technologies in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Synchronoss Technologies.

Synchronoss Technologies is scheduled to release its next quarterly earnings announcement on Thursday, May 14th 2020. View our earnings forecast for Synchronoss Technologies.

Synchronoss Technologies, Inc. (NASDAQ:SNCR) released its quarterly earnings results on Monday, March, 9th. The software maker reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.42) by $0.36. The software maker had revenue of $90.59 million for the quarter, compared to the consensus estimate of $91.64 million. Synchronoss Technologies had a negative net margin of 33.68% and a negative return on equity of 36.48%. The business's revenue was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($3.01) EPS. View Synchronoss Technologies' earnings history.

2 Wall Street analysts have issued 1-year price targets for Synchronoss Technologies' stock. Their forecasts range from $13.00 to $13.00. On average, they anticipate Synchronoss Technologies' share price to reach $13.00 in the next year. This suggests a possible upside of 324.8% from the stock's current price. View analysts' price targets for Synchronoss Technologies.

News headlines about SNCR stock have been trending somewhat positive on Sunday, InfoTrie Sentiment reports. The research firm scores the sentiment of news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Synchronoss Technologies earned a coverage optimism score of 1.2 on InfoTrie's scale. They also gave media coverage about the software maker a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news aboutSynchronoss Technologies.

Synchronoss Technologies saw a increase in short interest during the month of March. As of March 13th, there was short interest totaling 7,421,200 shares, an increase of 5.1% from the February 27th total of 7,060,000 shares. Based on an average trading volume of 467,000 shares, the short-interest ratio is presently 15.9 days. Approximately 21.5% of the shares of the stock are sold short. View Synchronoss Technologies' Current Options Chain.

Some companies that are related to Synchronoss Technologies include Adobe (ADBE), salesforce.com (CRM), Intuit (INTU), Autodesk (ADSK), Workday (WDAY), Splunk (SPLK), ANSYS (ANSS), Synopsys (SNPS), Cadence Design Systems (CDNS), Citrix Systems (CTXS), Tyler Technologies (TYL), SS&C Technologies (SSNC), FactSet Research Systems (FDS), Fair Isaac (FICO) and Guidewire Software (GWRE).

Based on aggregate information from My MarketBeat watchlists, some companies that other Synchronoss Technologies investors own include Frontier Communications (FTR), BlackRock (BLK), CA (CA), Gilead Sciences (GILD), NVIDIA (NVDA), Alibaba Group (BABA), Activision Blizzard (ATVI), Skyworks Solutions (SWKS), Advanced Micro Devices (AMD) and Starbucks (SBUX).

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

Synchronoss Technologies' stock is owned by many different retail and institutional investors. Top institutional shareholders include Archon Capital Management LLC (5.07%), Renaissance Technologies LLC (2.99%), California Public Employees Retirement System (2.51%), State Street Corp (1.70%), Acadian Asset Management LLC (1.45%) and Jacobs Levy Equity Management Inc. (1.43%). Company insiders that own Synchronoss Technologies stock include David D Clark, Glenn Lurie, Jeffrey George Miller, Mary P Clark, Ronald Prague, Stephen G Waldis and William J Cadogan. View institutional ownership trends for Synchronoss Technologies.

SNCR stock was sold by a variety of institutional investors in the last quarter, including Archon Capital Management LLC, Brighton Jones LLC, New York State Common Retirement Fund, AQR Capital Management LLC, Alliancebernstein L.P., and Bank of America Corp DE. Company insiders that have sold Synchronoss Technologies company stock in the last year include David D Clark, Jeffrey George Miller, Mary P Clark, Ronald Prague, and Stephen G Waldis. View insider buying and selling activity for Synchronoss Technologies.

SNCR stock was purchased by a variety of institutional investors in the last quarter, including California Public Employees Retirement System, Acadian Asset Management LLC, Norges Bank, Jacobs Levy Equity Management Inc., Lapides Asset Management LLC, AXA, Renaissance Technologies LLC, and Russell Investments Group Ltd.. Company insiders that have bought Synchronoss Technologies stock in the last two years include David D Clark, Glenn Lurie, and William J Cadogan. View insider buying and selling activity for Synchronoss Technologies.

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

One share of SNCR stock can currently be purchased for approximately $3.06.

Synchronoss Technologies has a market capitalization of $136.35 million and generates $308.75 million in revenue each year. The software maker earns $-104,590,000.00 in net income (profit) each year or ($1.87) on an earnings per share basis. Synchronoss Technologies employs 1,659 workers across the globe. View additional information about Synchronoss Technologies.

The official website for Synchronoss Technologies is http://www.synchronoss.com/.

Synchronoss Technologies' mailing address is 200 CROSSING BOULEVARD 8TH FLOOR, BRIDGEWATER NJ, 08807. The software maker can be reached via phone at 866-620-3940 or via email at [email protected]