Synchronoss Profit Tops, Stronger Cloud Lifts Outlook
Synchronoss Technologies’ (SNCR) cloud business appears to be back on track Wednesday after the enterprise software maker reported first-quarter earnings that beat analyst estimates and raised guidance. Synchronoss rose 3.1% to 50.63 in morning trading in the stock market today. The stock briefly topped a buy point of 51.49 last week, but fell back on Tuesday. Synchronoss is the leading provider of cloud service for mobile operators as a growing