Synchronoss Technologies (NASDAQ:SNCR) is scheduled to be posting its quarterly earnings results after the market closes on Monday, May 10th. Analysts expect Synchronoss Technologies to post earnings of ($0.36) per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.
Synchronoss Technologies (NASDAQ:SNCR) last issued its earnings results on Sunday, March 7th. The software maker reported ($0.19) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.20) by $0.01. Synchronoss Technologies had a positive return on equity of 24.27% and a negative net margin of 5.05%. The company had revenue of $69.38 million during the quarter, compared to the consensus estimate of $67.34 million. On average, analysts expect Synchronoss Technologies to post $0 EPS for the current fiscal year and $-1 EPS for the next fiscal year.
Shares of NASDAQ SNCR traded down $0.19 during midday trading on Tuesday, hitting $3.04. 3,464 shares of the company’s stock were exchanged, compared to its average volume of 537,950. The firm has a market capitalization of $134.29 million, a PE ratio of -2.58 and a beta of 1.21. The company’s 50 day moving average price is $3.66 and its 200 day moving average price is $3.88. Synchronoss Technologies has a 12 month low of $2.17 and a 12 month high of $6.59.
SNCR has been the topic of a number of research reports. Zacks Investment Research upgraded Synchronoss Technologies from a “hold” rating to a “buy” rating and set a $5.00 price objective on the stock in a research report on Saturday, March 13th. Canaccord Genuity reaffirmed a “buy” rating and set a $9.00 price target on shares of Synchronoss Technologies in a research note on Monday, March 8th. Finally, Northland Securities reissued a “buy” rating and issued a $6.50 price objective on shares of Synchronoss Technologies in a research note on Monday, April 19th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $7.50.
In related news, CFO David D. Clark sold 6,423 shares of the firm’s stock in a transaction dated Friday, March 12th. The stock was sold at an average price of $4.46, for a total value of $28,646.58. Following the sale, the chief financial officer now directly owns 226,103 shares of the company’s stock, valued at $1,008,419.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 21,831 shares of company stock worth $100,538 over the last three months. 30.50% of the stock is owned by insiders.
About Synchronoss Technologies
Synchronoss Technologies, Inc provides cloud, digital, messaging, and Internet of Things (IoT) platforms, products, and solutions in North America, Europe, the Middle East, Africa, and the Asia Pacific. Its platforms, products, and solutions include digital experience management platform as a service, which includes digital journey creation and journey design products that use analytics that power digital advisor products for IT and business channel owners; and cloud sync, backup, storage, device set up, content transfer, and content engagement for user generated content.
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