Synchronoss Technologies (SNCR) Set to Announce Quarterly Earnings on Tuesday

Synchronoss Technologies (NASDAQ:SNCR) is scheduled to announce its earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of ($0.58) per share for the quarter. Synchronoss Technologies has set its FY 2024 guidance at EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

Synchronoss Technologies (NASDAQ:SNCR) last released its earnings results on Tuesday, March 12th. The software maker reported ($0.90) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.71). Synchronoss Technologies had a negative return on equity of 17.99% and a negative net margin of 25.43%. The business had revenue of $41.40 million for the quarter, compared to the consensus estimate of $43.76 million. On average, analysts expect Synchronoss Technologies to post $-2 EPS for the current fiscal year and $-3 EPS for the next fiscal year.

Synchronoss Technologies Stock Performance

Shares of SNCR opened at $6.45 on Monday. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 5.11. Synchronoss Technologies has a 52-week low of $2.70 and a 52-week high of $13.97. The business’s fifty day moving average is $8.23 and its 200-day moving average is $6.54.

Insider Buying and Selling at Synchronoss Technologies

In other news, EVP Patrick Joseph Doran sold 2,750 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $9.33, for a total value of $25,657.50. Following the completion of the transaction, the executive vice president now owns 69,308 shares of the company’s stock, valued at $646,643.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Laurie Harris sold 4,809 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $6.45, for a total transaction of $31,018.05. Following the sale, the director now owns 42,319 shares of the company’s stock, valued at approximately $272,957.55. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Patrick Joseph Doran sold 2,750 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $9.33, for a total value of $25,657.50. Following the completion of the transaction, the executive vice president now directly owns 69,308 shares of the company’s stock, valued at approximately $646,643.64. The disclosure for this sale can be found here. Insiders have sold a total of 16,024 shares of company stock worth $114,351 over the last 90 days. Insiders own 6.90% of the company’s stock.

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.