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

Synchronoss Technologies (NASDAQ:SNCR) is expected to be announcing 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. Individual interested in participating in the company’s earnings conference call can do so using this link.

Synchronoss Technologies Price Performance

Shares of NASDAQ:SNCR opened at $8.35 on Monday. The company’s fifty day moving average is $9.49 and its two-hundred day moving average is $10.80. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 5.75. Synchronoss Technologies has a 12-month low of $6.02 and a 12-month high of $15.46. The company has a market cap of $90.51 million, a P/E ratio of -2.15 and a beta of 2.05.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Roth Capital upgraded shares of Synchronoss Technologies from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 25th. Roth Mkm upgraded shares of Synchronoss Technologies from a “neutral” rating to a “buy” rating and increased their target price for the stock from $11.00 to $13.00 in a research report on Monday, November 25th.

Insider Buying and Selling at Synchronoss Technologies

In other news, CEO Jeffrey George Miller sold 17,389 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $10.34, for a total transaction 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. This represents a 4.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 17.90% 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.