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Synchronoss Technologies Inc  (SNCR)
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Price: $6.4500 $-0.40 -5.839%
Day's High: $7.065 Week Perf: -17.31 %
Day's Low: $ 6.33 30 Day Perf: -31.09 %
Volume (M): 72 52 Wk High: $ 13.97
Volume (M$): $ 466 52 Wk Avg: $7.46
Open: $6.99 52 Wk Low: $0.45



 Market Capitalization (Millions $) 63
 Shares Outstanding (Millions) 10
 Employees 3,500
 Revenues (TTM) (Millions $) -
 Net Income (TTM) (Millions $) -55
 Cash Flow (TTM) (Millions $) 3
 Capital Exp. (TTM) (Millions $) 20

Synchronoss Technologies Inc
Synchronoss Technologies Inc. is a multinational software and services company, headquartered in Bridgewater, New Jersey, United States. Founded in 2000, the company is publicly traded on the NASDAQ stock exchange under the ticker symbol "SNCR". The CEO and President of Synchronoss Technologies is Jeff Miller.

The company provides cloud-based services for mobile carriers, enterprises, and OEMs (original equipment manufacturers) across various industries. Its solutions include digital transformation, data and analytics, customer engagement, and cloud platform and services. Synchronoss Technologies has a global presence with offices in North America, Europe, Asia-Pacific, and the Middle East.

The company operates through two segments: Digital and IoT (internet of things). The Digital segment provides cloud-based services that enable companies to securely manage, analyze, and monetize their digital assets, such as content, transactions, and subscriptions. The IoT segment provides cloud-based solutions that enable businesses to securely connect and manage their IoT devices, data, and applications.

Synchronoss Technologies has partnerships with major telecom operators, including AT&T, Verizon, and Vodafone, as well as global brands like PayPal, Amazon, and Microsoft. The company's platform and services support millions of subscribers and devices worldwide.

Synchronoss Technologies has received numerous industry awards and accolades, including the Frost & Sullivan "Company of the Year" award in 2019 for its digital transformation solutions. Additionally, its mobile activation technology was recognized by the GSMA at the Mobile World Congress in 2014.

In March 2020, Synchronoss Technologies announced the acquisition of Dixons Carphone plc's honeybee software business, adding new digital transformation capabilities to the company's portfolio.

Overall, Synchronoss Technologies is a leading provider of cloud-based solutions for digital transformation and IoT, serving a diverse range of global customers across various industries. The company aims to help businesses accelerate their innovation and improve their customer experience.


   Company Address: 200 Crossing Boulevard Bridgewater 8807 NJ
   Company Phone Number: 620-3940   Stock Exchange / Ticker: NASDAQ SNCR
   


   

Stock Performances by Major Competitors

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Synchronoss Technologies Inc

Synchronoss Technologies Inc Emerges as a Leading Pure-Play Cloud Company in Fourth Quarter 2023 Results

Synchronoss Technologies Inc, a leading provider of cloud-based solutions, has recently completed its strategic transformation into a pure-play cloud company. This move reflects the company's recognition of the growing importance of cloud storage in today's fast-paced and digital world. Cloud storage has become an indispensable tool for individuals and businesses alike, and Synchronoss aims to address the evolving needs of its customers with its upgraded AI-powered Personal Cloud Platform.
One notable aspect of Synchronoss' upgraded platform is its strong focus on user experience enhancement. The company has streamlined the onboarding process, making it easier for users to set up their personal cloud storage and access its features with utmost convenience. This improvement reduces the complexities associated with initial setup, allowing users to experience the benefits of the platform from the get-go.

Product Service News

Synchronoss Introduces an Enhanced AI-Powered Personal Cloud Platform, Revamping User Experience and Emphasizing Photo Editing Capabilities at Mobile World Congress

Published Wed, Feb 21 2024 1:00 PM UTC

In the fast-paced and increasingly digital world we live in, cloud storage has become an indispensable tool for individuals and businesses alike. Staying ahead of the curve, Synchronoss Technologies, a leading provider of cloud-based solutions, has unveiled an upgraded version of its AI-powered Personal Cloud Platform. With a strong focus on user experience improvement and i...

Synchronoss Technologies Inc

Synchronoss Technologies Inc Faces Substantial Shortfall as Decreased Demand Plagues Recent Fiscal Period

Synchronoss Technologies Inc, a leading provider of cloud computing and data analytics solutions, has been struggling in the recent fiscal period due to lower demand. As a result, the company's revenue has taken a hit, leading to increased losses.
In the most recent fiscal period, Synchronoss recorded losses of $0.06 per share, a significant increase from the previous year. Additionally, the company's revenue has declined by 7.092% to $55.65 million, compared to the previous reporting period.

Synchronoss Technologies Inc

Synchronoss Technologies Inc Faces Bleak Future as Revenue Plummets and Losses Skyrocket in Cloud Computing & Data Analytics Industry



Synchronoss Technologies Inc, a prominent player in the Cloud Computing & Data Analytics industry, released its financial results for the fiscal time-frame ending June 30, 2023, which painted a bleak picture for the company. This bearish article will delve into the key factors responsible for the company's plummeting revenue, upsurge in losses, and their potential impact on future prospects.
Declining Revenue and Increased Losses:
In an alarming turn of events, Synchronoss Technologies Inc witnessed a significant decrease in revenue, which dropped by -8.466% to $59.71 million year-on-year. This decline is in stark contrast to the 1.70% revenue gain reported by the rest of the Cloud Computing & Data Analytics industry in the second quarter of 2023. The disparity suggests that Synchronoss Technologies Inc is failing to keep up with its competitors.

Synchronoss Technologies Inc

SNCR Faces Severe Challenges as Fiscal Period Ends on March 31, 2023

Synchronoss Technologies Inc, a leading technology company, has recently released its financial report for the fiscal interval ending March 31 2023. Despite the underwhelming revenue decrease of -12.386% to $57.71 million, the company has shown considerable progress in terms of income per share, improving substantially from $-0.19 per share from the previous quarter. This significant improvement is an indicator of the company's relentless efforts to streamline its operations and increase profitability.
Additionally, Synchronoss Technologies Inc recorded a deficit of $-0.15 per share compared to $-0.07 a year ago. While this may seem like a cause for concern, investors should take note that the deficit is a result of the company's aggressive investment in research and development to stay ahead of the competition. In addition, the company has managed to reduce its net shortfall from $-3.037 million a year ago to $-10.931 million, which is an impressive feat considering the challenging business environment.






 

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Synchronoss Technologies Inc does not provide revenue guidance.

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