Core Viewpoint - Synchronoss Technologies (SNCR) has significantly outperformed the Zacks Computer & Technology sector and the Zacks Internet Software industry in year-to-date returns, achieving 111% compared to 20.8% and 22.1% respectively [1] Group 1: Financial Performance - In Q2 2024, SNCR experienced a 6.1% growth in cloud subscribers, contributing to 5.9% of total revenues, with quarterly recurring revenues making up 90.5% of total revenues [2] - For 2024, SNCR anticipates revenues between $170 million and $175 million, reflecting a 5.8% year-over-year growth, with recurring revenues expected to be between 85% and 90% of total revenues [4] - Adjusted EBITDA is projected to be between $43 million and $46 million, an increase from the previous estimate of $42 million to $45 million [5] - The Zacks Consensus Estimate for 2024 earnings is now $1.19 per share, up from 56 cents, indicating an 184.4% year-over-year increase [6] Group 2: Growth Prospects - SNCR expects to achieve double-digit revenue growth over the next two to three years, with recurring revenues projected to be at least 90% of total revenues [7] - The company has a strong partner base, including collaborations with Verizon and SoftBank, which are expected to enhance its market presence [8] Group 3: Financial Health - As of June 30, 2024, SNCR had a cash balance of $23.65 million and generated a free cash flow of $7.6 million in Q2 2024 [9] - The company reduced its cost of capital by repurchasing outstanding preferred stock and Senior Notes, resulting in annual pre-tax cost savings of over $2 million [10] Group 4: Valuation and Market Position - SNCR is currently trading at a forward 12-month Price/Sales ratio of 0.79X, significantly lower than the sector's 6.26X, indicating a discounted valuation despite strong growth prospects [11] - The stock is considered attractive for growth-oriented investors, with a Zacks Rank of 1 (Strong Buy) [12]

Group 1 - Synchronoss (SNCR) stock closed at $13.12, reflecting a +1% change from the previous trading day, outperforming the S&P 500's daily gain of 0.25% [1] - Over the past month, Synchronoss shares appreciated by 1.25%, while the Computer and Technology sector experienced a loss of 0.11% and the S&P 500 gained 1.65% [1] Group 2 - The upcoming earnings report for Synchronoss is expected to show an EPS of $0.25, which is a decrease of 44.44% from the same quarter last year, with quarterly revenue anticipated at $43.31 million, down 22.18% year-over-year [2] - Full-year Zacks Consensus Estimates predict earnings of $1.19 per share and revenue of $173.36 million, indicating a year-over-year earnings increase of 184.4% and a revenue decrease of 19.17% [3] Group 3 - Recent changes in analyst estimates for Synchronoss are crucial as they reflect short-term business trends, with positive revisions indicating analysts' confidence in the company's performance [4] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks Synchronoss as 1 (Strong Buy), with an average annual return of +25% for 1 ranked stocks since 1988 [6] Group 4 - Synchronoss has a Forward P/E ratio of 10.92, which is significantly lower than the industry's average Forward P/E of 31.07, indicating a valuation discount [7] - The Internet - Software industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 73, placing it in the top 29% of over 250 industries [7]

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Whi ...

The latest trading session saw Synchronoss (SNCR) ending at $13.67, denoting a +0.81% adjustment from its last day's close. The stock's change was more than the S&P 500's daily gain of 0.75%. Meanwhile, the Dow experienced a rise of 0.58%, and the technology-dominated Nasdaq saw an increase of 1%. The mobile services company's stock has climbed by 14.62% in the past month, exceeding the Computer and Technology sector's gain of 2.48% and the S&P 500's gain of 4.03%. The investment community will be paying cl ...

Company Overview - Synchronoss (SNCR) currently holds a Momentum Style Score of B, indicating potential for strong performance based on recent trends [3] - The company has a Zacks Rank of 1 (Strong Buy), which is associated with a historical track record of outperforming the market [4] Price Performance - Over the past week, SNCR shares have increased by 8.99%, significantly outperforming the Zacks Internet - Software industry, which rose by 2.29% [6] - In a longer time frame, SNCR's shares have surged by 48.1% over the past month, compared to the industry's 2.89% [6] - Over the last quarter, SNCR shares have increased by 69.45%, and by 69.63% over the past year, while the S&P 500 has only moved 8.19% and 26.56%, respectively [7] Trading Volume - The average 20-day trading volume for SNCR is 122,961 shares, which serves as a useful indicator of market interest and price movement [8] Earnings Outlook - In the past two months, one earnings estimate for SNCR has moved higher, while none have moved lower, resulting in an increase in the consensus estimate from $0.56 to $1.19 [10] - For the next fiscal year, two estimates have been revised upwards, with no downward revisions during the same period [10]

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Synchronoss (SNCR) . Synchronoss currently has an average broker ...

Synchronoss (SNCR) closed the last trading session at $14.23, gaining 41.5% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $23.67 indicates a 66.3% upside potential. The average comprises three short-term price targets ranging from a low of $11 to a high of $40, with a standard deviation of $14.84. While the lowest estimate indicates a decline of 22.7% from the current price level ...

Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time. Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potential fails to justify their swelled-up valuation. In that phas ...

Core Viewpoint - Synchronoss (SNCR) is positioned as a strong investment opportunity due to significant revisions in earnings estimates, indicating an improving earnings outlook [1][2]. Estimate Revisions - The trend in estimate revisions reflects growing analyst optimism regarding Synchronoss's earnings prospects, which is expected to positively influence its stock price [2]. - For the current quarter, Synchronoss is projected to earn $0.25 per share, a decrease of 44.44% from the previous year, but the Zacks Consensus Estimate has surged by 1100% over the last 30 days with no negative revisions [4]. - For the full year, the expected earnings are $1.19 per share, representing a year-over-year increase of 184.4%, with a 393.33% rise in consensus estimates due to one upward revision and no negative changes [5]. Zacks Rank - The favorable estimate revisions have led to Synchronoss achieving a Zacks Rank 1 (Strong Buy), which is associated with significant outperformance compared to the S&P 500 [6]. - Stocks rated Zacks Rank 1 and 2 have historically shown strong returns, with Zacks 1 stocks averaging a +25% annual return since 2008 [3][6]. Stock Performance - Synchronoss shares have increased by 17.6% over the past four weeks, indicating investor confidence in the company's earnings growth potential [7].

Synchronoss (SNCR) closed the last trading session at $11.43, gaining 17.6% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $23.67 indicates a 107.1% upside potential. The average comprises three short-term price targets ranging from a low of $11 to a high of $40, with a standard deviation of $14.84. While the lowest estimate indicates a decline of 3.8% from the current price level ...