Synchronoss Technologies (SNCR) to Release Quarterly Earnings on Tuesday

Synchronoss Technologies (NASDAQ:SNCR) is projected to announce its earnings results after the market closes on Tuesday, March 11th. Analysts expect the company to announce earnings of $0.10 per share and revenue of $43.76 million for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Synchronoss Technologies Stock Performance

NASDAQ SNCR opened at $8.35 on Friday. The company has a debt-to-equity ratio of 5.75, a current ratio of 1.88 and a quick ratio of 1.88. The firm has a market capitalization of $90.51 million, a P/E ratio of -2.15 and a beta of 2.05. The business’s 50-day simple moving average is $9.49 and its 200-day simple moving average is $10.81. Synchronoss Technologies has a 1-year low of $6.02 and a 1-year high of $15.46.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on SNCR shares. Roth Mkm upgraded Synchronoss Technologies from a “neutral” rating to a “buy” rating and upped their price objective for the company from $11.00 to $13.00 in a report on Monday, November 25th. Roth Capital upgraded Synchronoss Technologies from a “hold” rating to a “strong-buy” rating in a report on Monday, November 25th.

Insider Activity

In related news, CEO Jeffrey George Miller sold 17,389 shares of the company’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $10.34, for a total transaction of $179,802.26. Following the transaction, the chief executive officer now directly owns 336,232 shares of the company’s stock, valued at approximately $3,476,638.88. The trade was a 4.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 17.90% of the stock is currently owned by company insiders.

About 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.