NASDAQ:SNCRSynchronoss Technologies Stock Price, Forecast & News

$2.64

+0.16 (+6.45 %)

(As of 05/28/2020 04:00 PM ET)

Add

Compare

Today's Range

$2.47

Now: $2.64▼

$2.72

50-Day Range

$2.20

MA: $2.93▼

$3.82

52-Week Range

$2.17

Now: $2.64▼

$9.05

Volume825,169 shs

Average Volume455,975 shs

Market Capitalization$117.59 million

P/E RatioN/A

Dividend YieldN/A

Beta0.99

Synchronoss Technologies, Inc. provides cloud, digital, messaging, and Internet of things platforms, products, and solutions worldwide. Its products and services include cloud-based sync, backup, storage and content engagement capabilities, broadband connectivity solutions, analytics, white label messaging, and identity/access management that enable communications service providers, cable operators/multi-services operators, original equipment manufacturers with embedded connectivity, and multi-channel retailers, as well as other customers to accelerate and monetize value-add services for secure and broadband networks and connected devices. The company also provides Synchronoss Enterprise solutions, such as secure mobility management, data and analytics, and identity and access management solutions for the financial, healthcare, and life sciences markets; and Synchronoss Personal Cloud platform that delivers an operator-branded experience for subscribers to backup, restore, synchronize, and share their personal content across smartphones, tablets, computers, and other connected devices. Its products and platforms are designed to enable multiple converged communication services to manage across a range of distribution channels, such as e-commerce, m-commerce, telesales, customer stores, indirect, and other retail outlets. The company markets and sells its services through direct sales force and strategic partners. Synchronoss Technologies, Inc. was founded in 2000 and is headquartered in Bridgewater, New Jersey.

Beat the Market (BTM) Rank^™

3.5 Analyst's Opinion

Consensus Rating
Synchronoss Technologies has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $9.50, Synchronoss Technologies has a potential upside of 259.8% from its current price of $2.64.
Amount of Analyst Coverage
Synchronoss Technologies has only been the subject of 3 research reports in the past 90 days.

2.8 Community Rank

Outperform Votes
Synchronoss Technologies has received 529 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Synchronoss Technologies has received 406 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Synchronoss Technologies has received 56.58% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Synchronoss Technologies and other stocks. Vote “Outperform” if you believe SNCR will outperform the S&P 500 over the long term. Vote “Underperform” if you believe SNCR will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
Synchronoss Technologies does not currently pay a dividend.
Dividend Growth
Synchronoss Technologies does not have a long track record of dividend growth.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Synchronoss Technologies insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $14,162.00 in company stock.
Percentage Held by Insiders
Only 30.50% of the stock of Synchronoss Technologies is held by insiders.
Percentage Held by Institutions
53.17% of the stock of Synchronoss Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6 Earnings and Valuation

Earnings Growth
Earnings for Synchronoss Technologies are expected to grow in the coming year, from ($0.73) to $0.00 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Synchronoss Technologies is -0.89, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Synchronoss Technologies is -0.89, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Synchronoss Technologies has a P/B Ratio of 1.81. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.59 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Custom computer programming services

Sub-IndustryApplication Software

SectorComputer and Technology

Current SymbolNASDAQ:SNCR

Previous Symbol

CUSIP87157B10

CIK1131554

Webwww.synchronoss.com

Phone866-620-3940

Debt

Debt-to-Equity Ratio0.91

Current Ratio0.95

Quick Ratio0.95

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$308.75 million

Price / Sales0.38

Cash Flow$0.79 per share

Price / Cash Flow3.36

Book Value$1.46 per share

Price / Book1.81

Profitability

EPS (Most Recent Fiscal Year)($1.87)

Net Income$-104,590,000.00

Net Margins-29.32%

Return on Equity-26.69%

Return on Assets-4.56%

Miscellaneous

Employees1,659

Outstanding Shares44,542,000

Market Cap$117.59 million

Next Earnings Date8/3/2020 (Estimated)

OptionableOptionable

Receive SNCR News and Ratings via Email

Sign-up to receive the latest news and ratings for SNCR and its competitors with MarketBeat's FREE daily newsletter.

Synchronoss Technologies (NASDAQ:SNCR) Frequently Asked Questions

How has Synchronoss Technologies' stock been impacted by COVID-19 (Coronavirus)?

Synchronoss Technologies' stock was trading at $3.69 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, SNCR shares have decreased by 28.5% and is now trading at $2.64. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Synchronoss Technologies?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Synchronoss Technologies in the last year. There are currently 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Synchronoss Technologies.

When is Synchronoss Technologies' next earnings date?

Synchronoss Technologies is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020. View our earnings forecast for Synchronoss Technologies.

How were Synchronoss Technologies' earnings last quarter?

Synchronoss Technologies, Inc. (NASDAQ:SNCR) announced its earnings results on Monday, May, 11th. The software maker reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.42) by $0.48. The software maker earned $77.12 million during the quarter, compared to the consensus estimate of $74 million. Synchronoss Technologies had a negative return on equity of 26.69% and a negative net margin of 29.32%. View Synchronoss Technologies' earnings history.

What price target have analysts set for SNCR?

3 equities research analysts have issued twelve-month price targets for Synchronoss Technologies' shares. Their forecasts range from $6.50 to $13.00. On average, they expect Synchronoss Technologies' share price to reach $9.50 in the next year. This suggests a possible upside of 259.8% from the stock's current price. View analysts' price targets for Synchronoss Technologies.

Has Synchronoss Technologies been receiving favorable news coverage?

News coverage about SNCR stock has trended extremely positive recently, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Synchronoss Technologies earned a news impact score of 4.7 on InfoTrie's scale. They also gave media stories about the software maker a news buzz of 4.0 out of 10, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the near future. View the latest news aboutSynchronoss Technologies.

Who are some of Synchronoss Technologies' key competitors?

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

What other stocks do shareholders of Synchronoss Technologies own?

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

Who are Synchronoss Technologies' key executives?

Synchronoss Technologies' management team includes the following people:

Mr. Stephen G. Waldis, Founder & Exec. Chairman (Age 51)
Mr. Glenn Lurie, CEO, Pres & Director (Age 54)
Mr. Lawrence R. Irving, Consultant (Age 62)
Mr. Ronald W. Hovsepian, Consultant (Age 58)
Mr. David D. Clark, Chief Financial Officer (Age 53)

What is Synchronoss Technologies' stock symbol?

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

Who are Synchronoss Technologies' major shareholders?

Synchronoss Technologies' stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.30%), JPMorgan Chase & Co. (3.78%), First Washington CORP (1.71%), State Street Corp (1.64%), Acadian Asset Management LLC (1.38%) and Geode Capital Management LLC (1.30%). 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.

Which major investors are selling Synchronoss Technologies stock?

SNCR stock was sold by a variety of institutional investors in the last quarter, including First Washington CORP, AXA, Systematic Financial Management LP, Engineers Gate Manager LP, Acadian Asset Management LLC, Morgan Stanley, State Street Corp, and Bogle Investment Management L P 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.

Which major investors are buying Synchronoss Technologies stock?

SNCR stock was acquired by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Mackay Shields LLC, BlackRock Inc., Invesco Ltd., Geode Capital Management LLC, Rhumbline Advisers, Alliancebernstein L.P., and Wells Fargo & Company MN. 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.

How do I buy shares of 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.

What is Synchronoss Technologies' stock price today?

One share of SNCR stock can currently be purchased for approximately $2.64.

How big of a company is Synchronoss Technologies?

Synchronoss Technologies has a market capitalization of $117.59 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.

What is Synchronoss Technologies' official website?

The official website for Synchronoss Technologies is www.synchronoss.com.

How can I contact Synchronoss Technologies?

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]

This page was last updated on 5/28/2020 by MarketBeat.com Staff