CSIMarket Company Name, Ticker, Competitors, else..
 
Synchronoss Technologies Inc  (NASDAQ: SNCR)
Other Ticker:  
 
 
Price: $10.5300 $0.47 4.672%
Day's High: $10.88 Week Perf: 7.12 %
Day's Low: $ 10.10 30 Day Perf: -12.98 %
Volume (M): 86 52 Wk High: $ 15.46
Volume (M$): $ 907 52 Wk Avg: $10.32
Open: $10.45 52 Wk Low: $6.02



 Market Capitalization (Millions $) 113
 Shares Outstanding (Millions) 11
 Employees 2,388
 Revenues (TTM) (Millions $) 174
 Net Income (TTM) (Millions $) 6
 Cash Flow (TTM) (Millions $) 9
 Capital Exp. (TTM) (Millions $) 15

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


   

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Stocks on the Move

Synchronoss Technologies Inc Faces Challenges While Navigating the Market An Analysis

Published Tue, Jul 2 2024 1:53 PM UTC

Synchronoss Technologies Inc, a global leader in Personal Cloud Platforms, has been facing a challenging market performance, with its shares trailing behind the overall market. In this article, we will discuss recent events surrounding the company, examine its financial indicators, and provide an overall analysis of its current position.Recent Events:Recent news concerning a...
Shares

Synchronoss Technologies Joins Russell Microcap Index, Cementing Its Position as a Global Leader in Personal Cloud Platforms

Published Mon, Jul 1 2024 1:00 PM UTC

Synchronoss Technologies Set to Join Russell Microcap Index
Bridgewater, N.J., July 01, 2024 Synchronoss Technologies Inc. (Synchronoss or the Company) (Nasdaq: SNCR), a global leader and innovator in Personal Cloud platforms, has announced its inclusion in the Russell Microcap Index. This development comes as part of the 2024 Russell US Indexes annual reconstitution a...
Shares

Synchronoss Technologies, Inc. Announces Inducement Grant to Employee Amidst Strong Financial Performance

Published Fri, Jun 7 2024 8:05 PM UTC

Synchronoss Technologies, Inc. Reports Inducement Grant to Employee Under Nasdaq Listing Rule 5635(c)(4)
Synchronoss Technologies Inc., a global leader in Personal Cloud platforms, recently announced the issuance of a restricted stock and stock option award to a newly hired employee. This inducement award was approved by the Compensation Committee of the company s Board ...
Management Changes

Synchronoss Technologies' New Management Structure in Japan Aims to Revitalize Growth Amidst Challenging Financial Performance

Published Wed, May 29 2024 11:50 AM UTC


Sub...
Synchronoss Technologies Inc

Navigating Challenges and Innovations in the Cloud Computing Industry



Synchronoss Technologies, Inc., a global provider of personal cloud software and services, recently released its financial results for the most recent fiscal period. The company reported a significant improvement in profitability, with a turnaround in earnings per share (EPS) and net income. However, the company experienced a decline in revenue, which stands in contrast to the growth seen in the rest of the Cloud Computing & Data Analytics industry. Synchronoss Technologies also highlighted its improving profit margins and introduced an upgraded version of its AI-powered Personal Cloud Platform aimed at enhancing user experience.
Financial Performance:
In the most recent fiscal period, Synchronoss Technologies achieved a turnaround in profitability. The company posted an EPS of $0.23 per share, a significant improvement from the earnings loss of $1.35 per share reported in the previous year. Furthermore, the EPS turned positive from a loss of $6.28 per share in the preceding reporting season. This demonstrates a positive trend in the company's financial performance.






Synchronoss Technologies Inc's Segments
Professional Services    7.84 % of total Revenue
Subscription Services    92.16 % of total Revenue
Americas    93.57 % of total Revenue
APAC    2.5 % of total Revenue
EMEA    3.93 % of total Revenue
Cloud    100 % of total Revenue
Cloud Professional Services    7.84 % of total Revenue
Cloud Subscription Services    92.16 % of total Revenue
Cloud Americas    93.57 % of total Revenue
Cloud APAC    2.5 % of total Revenue
Cloud EMEA    3.93 % of total Revenue

  Synchronoss Technologies Inc Outlook

On February 15 2024 the Synchronoss Technologies Inc provided following guidance

Synchronoss Technologies Inc. has announced the successful completion of post-divestiture cost removals, leading to an estimated annual savings of approximately $15 million. This accomplishment is expected to contribute significantly to the company's future financial performance.

Furthermore, the company forecasts that its revenue and adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for the year 2023 will meet or exceed the upper end of the guidance ranges previously communicated. This indicates strong growth and financial stability for Synchronoss Technologies Inc. in the coming year.

With these positive developments and the implementation of cost-saving measur...





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