NASDAQ:SNCR

Synchronoss Technologies - SNCR Stock Forecast, Price & News

$0.92

+0.02 (+2.71%)

(As of 03/20/2023 02:38 PM ET)

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Today's Range: $0.90
▼
$0.94
50-Day Range: $0.71
▼
$1.15
52-Week Range: $0.51
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$1.91

Volume: 167,118 shs
Average Volume: 261,640 shs
Market Capitalization: $83.55 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $3.30

Institutional Ownership

Synchronoss Technologies MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 259.5% Upside
$3.30 Price Target
Short Interest: Healthy
0.95% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.53
Based on 7 Articles This Week
Insider Trading: Selling Shares
$15,515 Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.04) to ($0.02) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.21 out of 5 stars

Computer And Technology Sector

307th out of 608 stocks

Custom Computer Programming Services Industry

16th out of 26 stocks

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 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $3.30, Synchronoss Technologies has a forecasted upside of 259.5% from its current price of $0.92.
Amount of Analyst Coverage
Synchronoss Technologies has only been the subject of 1 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
0.95% of the outstanding shares of Synchronoss Technologies have been sold short.
Short Interest Ratio / Days to Cover
Synchronoss Technologies has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Synchronoss Technologies has recently decreased by 0.92%, indicating that investor sentiment is improving.

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.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SNCR.

2.5

News and Social Media Coverage

News Sentiment
Synchronoss Technologies has a news sentiment score of 0.53. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.37 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for Synchronoss Technologies this week, compared to 1 article on an average week.
Search Interest
Only 2 people have searched for SNCR on MarketBeat in the last 30 days. This is a decrease of -80% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added Synchronoss Technologies to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

1.7

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 $15,515.00 in company stock.
Percentage Held by Insiders
Only 3.30% of the stock of Synchronoss Technologies is held by insiders.
Percentage Held by Institutions
46.09% 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 ($0.04) to ($0.02) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Synchronoss Technologies is -4.59, 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 -4.59, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

See Top Rated MarketRank™ Stocks Here

About Synchronoss Technologies (NASDAQ:SNCR) Stock

Synchronoss Technologies, Inc. engages in the provision of cloud and enterprise solutions. The firm offers software-based activation for connected devices globally. Its platform includes cloud home, personal cloud content transfer and out-of-box experience, advance messaging and email suite, journey creation and advisor, digital coach, digital portal, activation, Internet of Things (IoT), and smart buildings. The company was founded by James M. McCormick and Stephen G. Waldis in 2000 and is headquartered in Bridgewater, NJ.

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SNCR Stock News Headlines

March 20, 2023 | finance.yahoo.com

Synchronoss Technologies Full Year 2022 Earnings: Misses Expectations

March 20, 2023 | americanbankingnews.com

Synchronoss Technologies (NASDAQ:SNCR) Now Covered by Analysts at StockNews.com

March 20, 2023 | Behind the Markets (Ad)

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March 20, 2023 | americanbankingnews.com

Insider Selling: Synchronoss Technologies, Inc. (NASDAQ:SNCR) Director Sells $11,902.85 in Stock

March 15, 2023 | americanbankingnews.com

B. Riley Weighs in on Synchronoss Technologies, Inc.'s Q1 2023 Earnings (NASDAQ:SNCR)

March 12, 2023 | americanbankingnews.com

Research Analysts Issue Forecasts for Synchronoss Technologies, Inc.'s FY2024 Earnings (NASDAQ:SNCR)

March 11, 2023 | finance.yahoo.com

Synchronoss Technologies, Inc. (NASDAQ:SNCR) Q4 2022 Earnings Call Transcript

March 11, 2023 | americanbankingnews.com

Synchronoss Technologies (NASDAQ:SNCR) Price Target Lowered to $2.00 at B. Riley

March 20, 2023 | Oxford Club (Ad)

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March 9, 2023 | marketwatch.com

Synchronoss Tech Shares Tumble 13% on Declining 4Q Rev, Outlook

March 8, 2023 | thestreet.com

Synchronoss Technologies (SNCR) Stock Skyrocketing on Sale Speculation

March 8, 2023 | finanznachrichten.de

Synchronoss Technologies, Inc.: Synchronoss Technologies Reports Fourth Quarter and Full Year 2022 Results

March 8, 2023 | finance.yahoo.com

Q4 2022 Synchronoss Technologies Inc Earnings Call

March 8, 2023 | finance.yahoo.com

Bed Bath & Beyond’s stock up after proceeds from Feb. equity offering rise, and CrowdStrike gains after earnings beat

March 7, 2023 | finance.yahoo.com

Synchronoss Technologies Reports Fourth Quarter and Full Year 2022 Results

March 6, 2023 | msn.com

Earnings Outlook For Synchronoss Technologies

March 1, 2023 | finanznachrichten.de

Synchronoss Technologies, Inc.: Synchronoss Announces Strong Messaging Platform Growth in Asia Pacific Fueled by Advanced Messaging

February 27, 2023 | finance.yahoo.com

Synchronoss Announces Strong Messaging Platform Growth in Asia Pacific Fueled by Advanced Messaging

February 22, 2023 | finanznachrichten.de

Synchronoss Technologies, Inc.: Synchronoss to Showcase AI-Powered Personal Cloud Platform at Mobile World Congress

February 22, 2023 | finance.yahoo.com

Synchronoss to Showcase AI-Powered Personal Cloud Platform at Mobile World Congress

February 21, 2023 | finance.yahoo.com

Synchronoss Technologies to Report Fourth Quarter and Full Year 2022 Financial Results on Tuesday, March 7, 2023 at 4:30 p.m. ET

January 27, 2023 | finance.yahoo.com

Synchronoss Technologies, Inc. (SNCR)

January 10, 2023 | finance.yahoo.com

Synchronoss Technologies to Present at the Sidoti Virtual Investor Conference on January 18th

January 4, 2023 | finance.yahoo.com

Synchronoss to Preview Next-Generation Personal Cloud Solution at CES

January 3, 2023 | finanznachrichten.de

Synchronoss Technologies, Inc.: Leading Asia Pacific Carrier Leverages Synchronoss Email Suite to Support Significant Growth to Over 50 Million Users

January 3, 2023 | finance.yahoo.com

Leading Asia Pacific Carrier Leverages Synchronoss Email Suite to Support Significant Growth to Over 50 Million Users

December 5, 2022 | msn.com

Synchronoss Technologies Earnings Perspective: Return On Capital Employed

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SNCR Company Calendar

Last Earnings: 11/08/2021
Today: 3/20/2023
Next Earnings (Estimated): 5/09/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Custom computer programming services
Sub-Industry: Application Software
Sector: Computer and Technology
Current Symbol: NASDAQ:SNCR
CUSIP: 87157B10
CIK: 1131554
Web: www.synchronoss.com
Phone: (866) 620-3940
Fax: N/A
Employees: 1,536
Year Founded: 2000

Price Target and Rating

Average Stock Price Forecast: $3.30
High Stock Price Forecast: $4.60
Low Stock Price Forecast: $2.00
Forecasted Upside/Downside: +258.3%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.20)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-7,920,000.00
Net Margins: -3.16%
Pretax Margin: -2.32%
Return on Equity: 12.46%
Return on Assets: 2.23%

Debt

Debt-to-Equity Ratio: 1.98
Current Ratio: 1.31
Quick Ratio: 1.38

Sales & Book Value

Annual Sales: $252.63 million
Price / Sales: 0.33
Cash Flow: $0.51 per share
Price / Cash Flow: 1.81
Book Value: N/A
Price / Book: N/A

Miscellaneous

Outstanding Shares: 90,810,000
Free Float: 87,815,000
Market Cap: $83.65 million
Optionable: Optionable
Beta: 1.39

Social Links

Key Executives

Jeffrey C. Miller
President, Chief Executive Officer & Director

Louis W. Ferraro
Chief Financial Officer

Patrick Joseph Doran
Chief Technology Officer

Christopher K. Hill
Chief Commercial Officer & Executive VP

Stanley Lowe
Chief Information Security Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SNCR Stock - Frequently Asked Questions

Should I buy or sell Synchronoss Technologies stock right now?: 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Synchronoss Technologies in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" SNCR shares.
View SNCR analyst ratings or view top-rated stocks.
What is Synchronoss Technologies' stock price forecast for 2023?: 1 brokerages have issued 1-year price objectives for Synchronoss Technologies' shares. Their SNCR share price forecasts range from $2.00 to $4.60. On average, they expect the company's stock price to reach $3.30 in the next twelve months. This suggests a possible upside of 258.3% from the stock's current price.
View analysts price targets for SNCR or view top-rated stocks among Wall Street analysts.
How have SNCR shares performed in 2023?: Synchronoss Technologies' stock was trading at $0.6181 on January 1st, 2023. Since then, SNCR stock has increased by 49.0% and is now trading at $0.9211.
View the best growth stocks for 2023 here.
When is Synchronoss Technologies' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 9th 2023.
View our SNCR earnings forecast.
How were Synchronoss Technologies' earnings last quarter?: Synchronoss Technologies, Inc. (NASDAQ:SNCR) released its earnings results on Monday, November, 8th. The software maker reported $0.09 EPS for the quarter, beating analysts' consensus estimates of ($0.07) by $0.16. The software maker had revenue of $69.75 million for the quarter, compared to analyst estimates of $68.26 million. Synchronoss Technologies had a positive trailing twelve-month return on equity of 12.46% and a negative net margin of 3.16%. During the same quarter in the previous year, the business posted ($0.06) earnings per share.
What guidance has Synchronoss Technologies issued on next quarter's earnings?: Synchronoss Technologies issued an update on its FY 2023 earnings guidance on Wednesday, March, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $242.00 million-$255.00 million, compared to the consensus revenue estimate of $258.26 million.
What is Jeff Miller's approval rating as Synchronoss Technologies' CEO?: 7 employees have rated Synchronoss Technologies Chief Executive Officer Jeff Miller on Glassdoor.com. Jeff Miller has an approval rating of 76% among the company's employees.
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 Advanced Micro Devices (AMD), BlackRock (BLK), NVIDIA (NVDA), Frontier Communications (FTR), Activision Blizzard (ATVI), Alibaba Group (BABA), CA (CA), Cisco Systems (CSCO), General Electric (GE) and QUALCOMM (QCOM).

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 many different institutional and retail investors. Top institutional investors include B. Riley Securities Inc. (13.29%), AWM Investment Company Inc. (3.48%), First Eagle Investment Management LLC (0.94%), Boothbay Fund Management LLC (0.69%), Bouvel Investment Partners LLC (0.67%) and Millennium Management LLC (0.58%). Insiders that own company stock include B Riley Financial, Inc, Christina Gabrys, Christopher K Hill, David D Clark, Glenn Lurie, Jeffrey George Miller, Kristin S Rinne, Laurie Harris, Lou Ferraro, Martin Francis Bernstein, Mary P Clark, Patrick Joseph Doran, Ronald Prague and Stephen G Waldis.
View institutional ownership trends.
How do I buy shares of Synchronoss Technologies?: Shares of SNCR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Synchronoss Technologies' stock price today?: One share of SNCR stock can currently be purchased for approximately $0.92.
How much money does Synchronoss Technologies make?: Synchronoss Technologies (NASDAQ:SNCR) has a market capitalization of $83.65 million and generates $252.63 million in revenue each year. The software maker earns $-7,920,000.00 in net income (profit) each year or ($0.20) on an earnings per share basis.
How many employees does Synchronoss Technologies have?: The company employs 1,536 workers across the globe.
Does Synchronoss Technologies have any subsidiaries?: The following companies are subsidiares of Synchronoss Technologies: FusionOne, IntraLinks, Miyowa, Openwave Messaging, Razorsight, SpeechCycle, Voxmobili, Wisor Telecom, and Younited.
Read More
How can I contact Synchronoss Technologies?: Synchronoss Technologies' mailing address is 200 CROSSING BOULEVARD 8TH FLOOR, BRIDGEWATER NJ, 08807. The official website for the company is www.synchronoss.com. The software maker can be reached via phone at (866) 620-3940 or via email at investor@synchronoss.com.

This page (NASDAQ:SNCR) was last updated on 3/20/2023 by MarketBeat.com Staff

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Synchronoss Technologies - SNCR Stock Forecast, Price & News

Synchronoss Technologies MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Synchronoss Technologies (NASDAQ:SNCR) Stock

SNCR Stock News Headlines

SNCR Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

SNCR Stock - Frequently Asked Questions

Overall MarketRank^™