Tag Archives: sncr

Synchronoss Q1 Outlook, Q4 Earnings Beat; Stock Rises

Synchronoss Technologies (SNCR) used its continuing growth in its cloud service business to give guidance for the current quarter that blew past analyst estimates. The company also reported Q4 earnings that beat views. Earnings per share minus items rose 29% from the year-earlier quarter to 53 cents, where analysts polled by Thomson Reuters had expected 43 cents. Revenue jumped 34% to $130.9 million. Analysts had expected $128.1 million. For the

Synchronoss Makes Cloud Acquisition Ahead Of Q4

Synchronoss Technologies (SNCR) is using an acquisition to give its cloud business another boost before the company reports its fourth-quarter earnings before the market opens on Thursday. The leading provider of mobile cloud and activation services for mobile carriers on Wednesday announced it will pay $60 million in cash to acquire personal cloud assets from F-Secure, a global online security and privacy company. The deal is expected to close by

Synchronoss Technologies Tumbles On Analyst Downgrade

Synchronoss Technologies stock plunged in heavy trading Wednesday after Robert W. Baird analyst William Power downgraded it to underperform from neutral. “With rising capital intensity and increasing customer concentration risk, we believe valuation is stretched at current levels and would recommend trimming positions,” Power said in a research note Wednesday. Synchronoss (SNCR) stock was down 10%, near 43, in afternoon trading on the stock market