BRIDGEWATER, N.J., July 01, 2024 (GLOBE NEWSWIRE) -- Synchronoss Technologies Inc. ("Synchronoss" or the "Company") (Nasdaq: SNCR), a global leader and innovator in Personal Cloud platforms, is set to join the Russell Microcap® Index at the conclusion of the 2024 Russell US Indexes annual reconstitution, effective after the US market opens today, July 1. "Synchronoss' inclusion in the Russell Microcap® Index underscores our successful transformation into a focused Cloud company," said CEO Jeff Miller. "Our ...

The mobile services company's stock has dropped by 10.21% in the past month, falling short of the Computer and Technology sector's gain of 6.18% and the S&P 500's gain of 3.38%. For the full year, the Zacks Consensus Estimates are projecting earnings of $0.56 per share and revenue of $172.84 million, which would represent changes of +139.72% and -19.41%, respectively, from the prior year. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capital ...

While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making. Synchronoss is expected to post earnings of $0.07 per share for the current quarter, representing a year-overyear change of +125.9%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged. Shares of this mobile services company have ...

Coming into today, shares of the mobile services company had lost 26.47% in the past month. In that same time, the Computer and Technology sector gained 8.85%, while the S&P 500 gained 3.59%. It's also important for investors to be aware of any recent modifications to analyst estimates for Synchronoss. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability. With respect t ...

Synchronoss (SNCR) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Revisions to Earnings Estimates For the current quarter, Synchronoss is expected to post earnings of $0.07 per share, indicating a change of +125.9% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days. With an impressive externally audited track record, our proprietary stock ...

About Synchronoss Investor Relations Contact: Tom Colton and Alec Wilson Gateway Group, Inc. SNCR@gateway-grp.com Synchronoss granted the newly hired Japan Country Manager an aggregate of 15,000 time-based restricted stock awards. The shares of restricted stock will vest 1/3rd on the first, second, and third anniversary of the grant date, subject to continuous service after the first and second vesting. In addition, the employee received an aggregate of 5,000 time-based stock option awards. The Stock Option ...

BRIDGEWATER, N.J., May 29, 2024 (GLOBE NEWSWIRE) -- Synchronoss Technologies, Inc. ("Synchronoss" or the "Company") (NASDAQ: SNCR), a global leader and innovator in personal cloud platforms, is pleased to announce that Junji Nishara has been appointed as the new Country Manager for Japan operations, effective May 15, 2024. Synchronoss, which has operated in Japan for over 20-years, announced on November 1, 2023, that it will focus on its Cloud business following the sale of its Messaging and NetworkX busine ...

Core Insights - Synchronoss Technologies has appointed Junji Nishihara as the new Country Manager for Japan operations, effective May 15, 2024, highlighting the company's commitment to the Japanese market as a growth opportunity [1][4] - The company is shifting its focus to its Cloud business following the sale of its Messaging and NetworkX businesses, aiming to concentrate management resources and expand services for existing and new Cloud customers [2] - Synchronoss Personal Cloud has been deployed by SoftBank Corp. to power its Anshin Data Box service, which allows customers to backup and restore digital content [3] Company Strategy - The company emphasizes the importance of the Japanese market for growth and aims to enhance customer relationships and business expansion under the leadership of the new Country Manager [4] - Synchronoss is positioning itself to leverage the increasing adoption of cloud services in Japan, particularly in the SaaS sector, to address customer challenges across various industries [4][5] Leadership Background - Junji Nishihara brings extensive experience from previous leadership roles in sales and management at Hewlett-Packard Japan, Amazon Web Services, and Microsoft Japan, which positions him well to drive Synchronoss's growth in Japan [5] Company Overview - Synchronoss Technologies is recognized as a global leader in personal Cloud solutions, providing service providers with tools to create secure connections with subscribers, thereby enhancing revenue streams and reducing expenses [6]

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) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Over the past month, shares of this mobile services company have returned +43.5%, compared to the Zacks S&P 500 composite's +4.2% change. During this period, the Zacks Internet - Software industry, which Synchronoss falls in, has gained 3.8%. The key question now is: What could be the stock's futur ...