Synchronoss Technologies (NASDAQ:SNCR) Announces Earnings Results

Synchronoss Technologies (NASDAQ:SNCR) issued its earnings results on Tuesday. The software maker reported $0.85 EPS for the quarter, topping the consensus estimate of $0.10 by $0.75, Zacks reports. Synchronoss Technologies had a negative return on equity of 10.99% and a negative net margin of 20.00%. Synchronoss Technologies updated its FY 2025 guidance to EPS.

Synchronoss Technologies Trading Down 8.0 %

Shares of Synchronoss Technologies stock traded down $0.62 during trading on Tuesday, hitting $7.13. The company’s stock had a trading volume of 100,938 shares, compared to its average volume of 47,290. The stock has a market cap of $77.28 million, a price-to-earnings ratio of -1.84 and a beta of 2.05. Synchronoss Technologies has a 52 week low of $6.02 and a 52 week high of $15.46. The stock has a 50-day moving average price of $9.49 and a two-hundred day moving average price of $10.80. The company has a debt-to-equity ratio of 5.75, a current ratio of 1.88 and a quick ratio of 1.88.

Analyst Upgrades and Downgrades

SNCR has been the subject of a number of research analyst reports. Roth Mkm upgraded shares of Synchronoss Technologies from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $11.00 to $13.00 in a research report on Monday, November 25th. Roth Capital upgraded Synchronoss Technologies from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 25th.

Insider Buying and Selling

In other Synchronoss Technologies news, CEO Jeffrey George Miller sold 17,389 shares of Synchronoss Technologies stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $10.34, for a total value of $179,802.26. Following the completion of the sale, the chief executive officer now directly owns 336,232 shares in the company, valued at approximately $3,476,638.88. The trade was a 4.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 17.90% of the stock is owned by corporate insiders.

Synchronoss Technologies Company Profile

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.