Profile
Sector:
TechnologyIndustry:
Software InfrastructureCountry:
United StatesIPO:
15 June 2006Website:
http://synchronoss.comNext earnings report:
12 March 2025Last dividends:
N/ANext dividends:
N/APrice
regular market | 31 min agoDividend
Analysts recommendations
Institutional Ownership
SNCR Latest News
SNCR shares benefit from strong demand for its personal cloud solutions and rich partner base despite intense competition and foreign exchange losses.
Synchronoss Technologies Inc (NASDAQ:SNCR) earlier this week discussed its recent Q3 financial results and growth strategies in an interview with Proactive. The company reported an 8% increase in revenue year-over-year, with adjusted EBITDA growing 37% to $12.7 million, resulting in a 29.5% EBITDA margin.
Synchronoss Technologies, Inc.'s Q3 2024 results showed flat revenues and operating profitability, but market concerns over bottom-line changes led to a 10% stock drop. The company trades at a high P/E of 18.2x and EV/NOPAT of 13.5x, which seems unjustified given its leverage and competitive environment. Key risks include renegotiation of the AT&T contract, which could impact margins, and high debt costs affecting net income.
SNCR's third-quarter 2024 results reflect growth in cloud subscribers.
Synchronoss Technologies, Inc. (NASDAQ:SNCR ) Q3 2024 Earnings Conference Call November 12, 2024 4:30 PM ET Company Participants Ryan Gardella - Investor Relations Jeff Miller - President and Chief Executive Officer Lou Ferraro - Chief Financial Officer Conference Call Participants Jon Hickman - Ladenburg Thalmann Aditya Dagaonkar - Northland Capital Operator Greetings and welcome to the Synchronoss Technologies Third Quarter 2024 Earnings Call. At this time, all participants are in the listen-only mode.
Synchronoss (SNCR) came out with a quarterly loss of $0.26 per share versus the Zacks Consensus Estimate of $0.25. This compares to earnings of $0.45 per share a year ago.
BRIDGEWATER, N.J., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Synchronoss Technologies Inc. (“Synchronoss” or the “Company”) (Nasdaq: SNCR), a global leader and innovator in Personal Cloud platforms, today announced that Jeff Miller, President and CEO, and Louis Ferraro, CFO, will participate at two upcoming investor conferences.
Synchronoss Technologies Inc (NASDAQ:SNCR) announced it had renewed a three-year contract with a major French telecommunications operator. The partnership will allow the operator, which serves over 27 million customers across France, to continue offering a suite of cloud-based services powered by Synchronoss Personal Cloud.
In the closing of the recent trading day, Synchronoss (SNCR) stood at $11.29, denoting a +1.35% change from the preceding trading day.
Zacks.com users have recently been watching Synchronoss (SNCR) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
What type of business is Synchronoss Technologies?
Synchronoss Technologies, Inc. provides cloud, messaging, digital, and network management solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers Synchronoss Personal Cloud platform that allows customers' subscribers to backup and protect, engage with, and manage their personal content. It also provides Synchronoss' Messaging platform comprising advanced messaging platform and email suites; and OnboardX products, including mobile content transfer solution that offers wireless transfer of content from one mobile smart device to another in a carrier retail location or at home/work, etc., as well as out of box experience solution, a device setup solution that assists customers in setting up the features of new device, such as Wi-Fi, email, social network accounts and voicemail, prompting restoration of content, and enrollment in a cloud service. In addition, the company provides NetworkX products comprising spatialNX, an enterprise-wide access to network information, including physical location, specifications, attributes, connectivity, and capacity for every plant asset; ConnectNX, a system that eliminates manual handling of service orders and manages the full order lifecycle between customer and supplier through automation and rules-based validation; and ExpenseNX, a financial analytics platform. Further, it offers professional services, such as consulting, installation and deployment, configuration, systems integration, and support services; and software development and customization services. The company markets and sells its services through direct sales force and strategic partners. Synchronoss Technologies, Inc. was incorporated in 2000 and is headquartered in Bridgewater, New Jersey.
What sector is Synchronoss Technologies in?
Synchronoss Technologies is in the Technology sector
What industry is Synchronoss Technologies in?
Synchronoss Technologies is in the Software Infrastructure industry
What country is Synchronoss Technologies from?
Synchronoss Technologies is headquartered in United States
When did Synchronoss Technologies go public?
Synchronoss Technologies initial public offering (IPO) was on 15 June 2006
What is Synchronoss Technologies website?
https://synchronoss.com
Is Synchronoss Technologies in the S&P 500?
No, Synchronoss Technologies is not included in the S&P 500 index
Is Synchronoss Technologies in the NASDAQ 100?
No, Synchronoss Technologies is not included in the NASDAQ 100 index
Is Synchronoss Technologies in the Dow Jones?
No, Synchronoss Technologies is not included in the Dow Jones index
When was Synchronoss Technologies the previous earnings report?
No data
When does Synchronoss Technologies earnings report?
The next expected earnings date for Synchronoss Technologies is 12 March 2025