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Synchronoss Technologies Inc  (NASDAQ: SNCR)
 
Price: $9.0000 $-0.01 -0.111%
Day's High: $9.01 Week Perf: 1.81 %
Day's Low: $ 9.00 30 Day Perf: 3.81 %
Volume (M): 500,500 52 Wk High: $ 9.01
Volume (M$): $ 4,505 52 Wk Avg: $6.88
Open: $9.01 52 Wk Low: $3.98



 Market Capitalization (Millions $) 103
 Shares Outstanding (Millions) 11
 Employees 2,388
 Revenues (TTM) (Millions $) 171
 Net Income (TTM) (Millions $) -10
 Cash Flow (TTM) (Millions $) 10
 Capital Exp. (TTM) (Millions $) 14

Business Description


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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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...

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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...

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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 ...

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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...




Fundamental Analysis

Valuation Current
Price to Earnings PE Ratio (TTM) -
Price to Earnings PE Ratio (Expected) -
Price to Sales (TTM) 0.60
Price to Sales (Expected) -
Price to Book 1.87
PEG (TTM) -

Financial Strength Current
Quick Ratio 0.88
Working Capital Ratio 1.54
Leverage Ratio (MRQ) 4.03
Total Debt to Equity 2.95
Interest Coverage (TTM) 0.81
Debt Coverage (TTM) 0.02

Per Share Current
Earnings (TTM) -0.99 $
Revenues (TTM) 14.9 $
Cash Flow (TTM) 0.84 $
Cash 3.04 $
Book Value 4.82 $
Dividend (TTM) 0 $

Efficiency Current
Revenue per Employee (TTM) 71,570
Net Income per Employee (TTM) -4,070
Receivable Turnover Ratio (TTM) 9.41
Inventory Turnover Ratio (TTM) -
Asset Turnover Ratio (TTM) 0.6

Profitability Ratios Current
Gross Margin (MRQ) 79.37 %
Operating Margin (MRQ) 13.97 %
Net Margin (MRQ) 13.84 %
Net Cash Flow Margin (MRQ) 24.3 %
Effective Tax Rate (TTM) -

Management Effectiveness Current
Return On Assets (TTM) -
Return On Investment (TTM) -
Return On Equity (TTM) -
Dividend Yield -
Pay out Ratio (TTM) -



Synchronoss Technologies Inc's Segments
Professional Services    6.22 % of total Revenue
Subscription Services    93.78 % of total Revenue
North America    96.26 % of total Revenue
APAC    2.94 % of total Revenue
EMEA    0.8 % of total Revenue
Reportable Segment    100 % 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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