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Synchronoss Technologies added to Russell 2000 Index
Proactiveinvestors NA· 2025-05-29 13:19
About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...
Synchronoss Added to Membership of US Small-Cap Russell 2000® Index
Globenewswire· 2025-05-29 12:00
BRIDGEWATER, N.J., May 29, 2025 (GLOBE NEWSWIRE) -- Synchronoss Technologies, Inc. (“Synchronoss”) (NASDAQ: SNCR), a global leader and innovator in personal cloud platforms, today announced that the company was added as a member of the US small-cap Russell 2000® Index, effective after the US market opens on June 30 as part of the 2025 Russell indexes reconstitution. Membership in the Russell 2000® Index, which remains in place for one year, is based on membership in the broad-market Russell 3000® Index. The ...
Synchronoss (SNCR) Is Considered a Good Investment by Brokers: Is That True?
ZACKS· 2025-05-27 14:35
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about Synchronoss (SNCR) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Synchronoss currently has an average br ...
Synchronoss (SNCR) Conference Transcript
2025-05-22 15:45
Synchronoss Technologies (SNCR) Conference Call Summary Company Overview - Synchronoss Technologies is a software solutions provider focused on cloud solutions for large global service providers, enhancing revenue and customer retention for clients like Verizon and AT&T [4][5] - The company has transitioned to a pure play cloud business, emphasizing its personal cloud solution for consumers to securely back up digital content [6][11] Key Financial Metrics - Q1 2025 revenue met analyst consensus at $42.2 million, with EBITDA exceeding expectations at $12.7 million [26] - The company reported a 3.3% growth in cloud subscribers and maintained 93% recurring revenue [26][9] - EBITDA margins were stable at 30%, with gross margins over 70% on a GAAP basis and 79% on an adjusted basis [27][10] - Guidance for 2025 includes revenue of $170 million to $180 million and adjusted EBITDA of $52 million to $56 million [10][28] Market Position and Growth Opportunities - Synchronoss serves over 11 million subscribers globally, with only 2.5% penetration of the total 400 million subscribers across its client base, indicating significant growth potential [7][12] - The personal cloud market is growing at nearly 20% annually, with 27% of subscribers not currently using a subscription service for backup, presenting further opportunities for growth [12][13] - The company has ongoing discussions with T-Mobile to potentially offer a cloud service, as T-Mobile currently lacks a competitive solution [34] Client Relationships and Contracts - Long-term contracts with major clients like Verizon, AT&T, and SoftBank provide stability, with over 90% of revenues secured under contracts of three years or more [10][11] - The company is exploring deeper integration with existing clients, such as preloading software with SoftBank and enhancing discoverability through apps like My Verizon [44][45] Challenges and Risks - The loss of a European customer (BT) due to their strategic transformation resulted in a loss of approximately $6 million in annual revenue, but this was not due to service issues [48][50] - The company is awaiting an IRS tax refund, which has been a point of concern for investors, impacting financial flexibility [29][54] Strategic Focus - Synchronoss aims to enhance subscriber adoption and expand its client base, with expectations of signing at least one new customer in 2025 [33][40] - The company is committed to maintaining strong cost management and operational efficiency to support its SaaS-based cloud performance [28][27] Conclusion - Synchronoss Technologies is positioned for growth in the personal cloud market, with a solid foundation of existing contracts and a clear strategy for expanding its subscriber base and client relationships [31][56]
Synchronoss Personal Cloud Enhances Genius AI Functionality and Adds New Features to Significantly Improve Photo Discovery and Engagement
Globenewswire· 2025-05-22 12:30
BRIDGEWATER, N.J., May 22, 2025 (GLOBE NEWSWIRE) -- Synchronoss Technologies, Inc. (“Synchronoss”) (NASDAQ: SNCR), a global leader and innovator in personal cloud platforms, today announced the release of Synchronoss Personal Cloud 25.5, introducing new AI-powered capabilities and enhanced user experiences, including: Enhanced photo editing, with new styles and transformations that inspire joy and spark creativityAI-curated personalized memories with auto-styled photosInnovative timeline comparisons with pe ...
Is the Options Market Predicting a Spike in Synchronoss Technologies Stock?
ZACKS· 2025-05-09 13:41
Investors in Synchronoss Technologies, Inc. (SNCR) need to pay close attention to the stock based on moves in the options market lately. That is because the Jun 20, 2025 $2.50 Call had some of the highest implied volatility of all equity options today. What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. ...
Synchronoss (SNCR) Reports Q1 Loss, Tops Revenue Estimates
ZACKS· 2025-05-06 23:00
Synchronoss (SNCR) came out with a quarterly loss of $0.30 per share versus the Zacks Consensus Estimate of $0.29. This compares to earnings of $0.44 per share a year ago. These figures are adjusted for non-recurring items. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed late ...
Synchronoss Technologies(SNCR) - 2025 Q1 - Earnings Call Transcript
2025-05-06 21:32
Synchronoss (SNCR) Q1 2025 Earnings Call May 06, 2025 04:30 PM ET Company Participants Ryan Gardella - SVP - IRJeff Miller - President and Chief Executive OfficerLou Ferraro - CFO & Executive VP Conference Call Participants None - Analyst Operator and welcome to the Synchronoss Technologies First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. A brief question and answer session will follow the formal presentation. As a reminder, this conference ...
Synchronoss Technologies(SNCR) - 2025 Q1 - Quarterly Report
2025-05-06 20:54
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) Table of Contents ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-40574 SYNCHRONOSS TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) Indicate by check ...
Synchronoss delivers steady Q1 as recurring revenue climbs, debt restructured
Proactiveinvestors NA· 2025-05-06 20:34
About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...