Impact of Brokerage Rating on Synchronoss Technologies, Inc.(SNCR)

Many Synchronoss Technologies, Inc.(SNCR) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Synchronoss Technologies was Initiated by JP Morgan on Jan 25, 2017 to Overweight, Price Target of the shares are set at $65.

Company has reported several Insider transactions to the SEC, on Feb 10, 2017, Karen Rosenberger (EVP & Chief Financial Officer) sold 2,000 shares at 36.93 per share price.On Feb 10, 2017, Robert Garcia (President and COO) sold 9,135 shares at 35.66 per share price.On Feb 3, 2017, Stephen G Waldis (Executive Chairman) sold 8,265 shares at 39.00 per share price.

Synchronoss Technologies Last issued its quarterly earnings results on Nov 7, 2016. The company reported $0.68 EPS for the quarter, beating the analyst consensus estimate by $ 0.01. Analyst had a consensus of $0.67. The company had revenue of $180.98 million for the quarter, compared to analysts expectations of $177.87 million. The companys revenue was up 19.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 EPS.

Synchronoss Technologies, Inc. (NASDAQ:SNCR) has received a short term rating of buy from experts at Zacks with a rank of 2. The stock has been rated an average of 1.29 by 7 Brokerage Firm. 6 Wall Street Firms have rated the stock as a strong buys. 1 Brokerage Firms have advised hold.

Synchronoss Technologies, Inc. (NASDAQ:SNCR): 4 analysts have set the short term price target of Synchronoss Technologies, Inc. (NASDAQ:SNCR) at $50.25. The standard deviation of short term price target has been estimated at $13.72, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 65 and $32 respectively.

Synchronoss Technologies, Inc. (NASDAQ:SNCR) witnessed a decline in the market cap on Tuesday as its shares dropped 1.08% or 0.37 points. After the session commenced at $33.21, the stock reached the higher end at $34.37 while it hit a low of $32.9559. With the volume soaring to 749,320 shares, the last trade was called at $33.76. The company has a 52-week high of $49.94. The company has a market cap of $1,530 million and there are 45,323,000 shares in outstanding. The 52-week low of the share price is $23.13.

SYNCHRONOSS TECHNOLOGIES is the premier provider of on-demand transaction management software to Tier One communications service providers. Synchronoss enables service providers to drive growth in new and existing markets while delivering an improved customer experience at lower costs. The companys flagship ActivationNow and ConvergenceNow software platforms automate, synchronize and simplify electronic service creation and management of advanced wireline, wireless and IP services across existing networks.

Synchronoss

Share this post

Post Comment