Synchronoss Technologies (SNCR) Scheduled to Post Earnings on Tuesday

Synchronoss Technologies (NASDAQ:SNCR) will be releasing its earnings data after the market closes on Tuesday, November 12th. Analysts expect Synchronoss Technologies to post earnings of $0.25 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Synchronoss Technologies (NASDAQ:SNCR) last issued its quarterly earnings results on Tuesday, August 6th. The software maker reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.39. Synchronoss Technologies had a negative net margin of 16.97% and a positive return on equity of 28.60%. The company had revenue of $43.46 million during the quarter, compared to the consensus estimate of $43.09 million. On average, analysts expect Synchronoss Technologies to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Synchronoss Technologies Stock Up 5.1 %

Synchronoss Technologies stock traded up $0.52 during trading on Tuesday, reaching $10.72. The stock had a trading volume of 59,405 shares, compared to its average volume of 85,164. Synchronoss Technologies has a 52-week low of $2.70 and a 52-week high of $15.46. The business has a 50 day moving average price of $12.78 and a 200 day moving average price of $10.52. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 6.68. The stock has a market cap of $115.99 million, a PE ratio of -2.64 and a beta of 1.99.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Synchronoss Technologies from a “buy” rating to a “hold” rating in a research report on Friday, August 16th.

Insider Transactions at Synchronoss Technologies

In other news, Director Martin Francis Bernstein sold 2,319 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $14.20, for a total transaction of $32,929.80. Following the completion of the sale, the director now owns 63,456 shares in the company, valued at approximately $901,075.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Martin Francis Bernstein sold 2,319 shares of Synchronoss Technologies stock in a transaction on Monday, September 9th. The shares were sold at an average price of $14.20, for a total value of $32,929.80. Following the transaction, the director now directly owns 63,456 shares of the company’s stock, valued at $901,075.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Patrick Joseph Doran sold 3,250 shares of Synchronoss Technologies stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $14.77, for a total transaction of $48,002.50. Following the completion of the transaction, the executive vice president now directly owns 107,483 shares in the company, valued at $1,587,523.91. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 297,907 shares of company stock worth $3,616,726. 17.90% of the stock is currently owned by 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.