Synchronoss Technologies continues to find leverage in the cloud, and investors are applauding. Shares jumped 11.5% Tuesday to an all-time high near 52 after the enterprise software company reported Q3 earnings that soundly beat analyst estimates, as its cloud and mobile business continues to soar. The company’s outlook for the current quarter also beat views. Synchronoss (SNCR) stock is up 67% this year. Synchronoss first made a name as the
Synchronoss Technologies (SNCR) continues to find success in the cloud. The enterprise software company reported third-quarter earnings early Tuesday that soundly beat analyst estimates as the company’s cloud service business grew more than 115% vs. the year-earlier period. The company’s outlook for the the current quarter also exceeded Wall Street views. Synchronoss was up 3.5% in early trading in the stock market today, above 48. Synchronoss
Synchronoss Technologies (SNCR) stock jumped Wednesday after it spelled out more global expansion for its core mobile businesses, at its analyst event Tuesday. The maker of software for telecom services providers remained bullish on its opportunities for its core activation and cloud-based services for mobile devices. It also reiterated its revenue outlook for growth of 37% to 44% this year, which would be up from 28% growth in 2013 and 19% in