Synchronoss Technologies(SNCR)

Search documents
Synchronoss Technologies announces CARES Act tax refund
Proactiveinvestors NA· 2025-07-24 12:48
Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company has a team of experienced and qualified news journalists who produce independent content [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The news team delivers insights across various sectors including biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]
Synchronoss Technologies Announces Receipt of Federal CARES Act Tax Refund
GlobeNewswire News Room· 2025-07-24 12:00
Core Insights - Synchronoss Technologies Inc. has received a tax refund of $30.2 million from the IRS, with an additional $3.7 million expected by Labor Day 2025, totaling $33.9 million including interest [1][4] - 75% of the received proceeds, approximately $22.6 million, have been utilized to pay down the existing term loan at par, leading to significant interest savings [2][4] - The company has successfully reduced its total debt by over $100 million over the past four years, and expects further improvements in its capital structure and operational flexibility [2][3] Financial Impact - The payment from the IRS will allow Synchronoss to pay down a portion of its $200 million term loan facility, resulting in annual interest savings of approximately $2.9 million [2] - Post-payment, the company will have total debt of $173.4 million, cash of approximately $30 million, and net debt of approximately $143 million [2] - The company anticipates being eligible for a one-time 50-basis point interest rate reduction on the first anniversary of the term loan due to improved debt leverage [2] Operational Strategy - The remaining refund proceeds will enhance the company's balance sheet, providing additional operational flexibility for investments in its Personal Cloud solutions [3] - The CFO expressed gratitude for the team's efforts in securing the refund, emphasizing the importance of the payment for pursuing operational priorities and improving the balance sheet [4] - The company expects that the free cash flow generated from its high-margin Personal Cloud solutions will contribute to ongoing balance sheet improvements [4]
Synchronoss (SNCR) Falls More Steeply Than Broader Market: What Investors Need to Know
ZACKS· 2025-07-11 22:51
Group 1 - Synchronoss (SNCR) closed at $7.57, reflecting a -4.42% change from the previous day, underperforming the S&P 500's loss of 0.33% [1] - Over the past month, Synchronoss shares have increased by 13.79%, outperforming the Computer and Technology sector's gain of 5.24% and the S&P 500's gain of 4.07% [1] Group 2 - The upcoming earnings release for Synchronoss is anticipated, with an expected EPS of $0.25, indicating a 47.92% decline year-over-year, and a revenue estimate of $42.59 million, reflecting a 2% decrease from the same quarter last year [2] - For the full year, analysts project earnings of $1.17 per share and revenue of $172.42 million, representing changes of -28.22% and -0.68% respectively from the previous year [3] Group 3 - Recent revisions to analyst forecasts for Synchronoss are important, as upward revisions indicate positive sentiment regarding the company's business operations and profit generation capabilities [4] - The Zacks Rank system, which incorporates estimate changes, currently rates Synchronoss at 3 (Hold), with the consensus EPS projection remaining unchanged over the past 30 days [6] Group 4 - Synchronoss is trading at a Forward P/E ratio of 6.77, which is significantly lower than the industry average Forward P/E of 28.6, indicating a valuation discount [7] - The Internet - Software industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 67, placing it in the top 28% of over 250 industries [7][8]
Synchronoss (SNCR) Stock Dips While Market Gains: Key Facts
ZACKS· 2025-07-09 23:01
Company Performance - Synchronoss (SNCR) closed at $7.51, reflecting a -3.84% change from the previous day, underperforming compared to the S&P 500's 0.61% gain [1] - Over the past month, shares of Synchronoss have increased by 8.62%, while the Computer and Technology sector gained 5.6% and the S&P 500 gained 3.85% [1] Upcoming Financial Results - Synchronoss is projected to report earnings of $0.25 per share, indicating a year-over-year decline of 47.92% [2] - The consensus estimate for revenue is $42.59 million, which represents a 2% decrease from the prior-year quarter [2] Annual Forecast - For the entire year, the Zacks Consensus Estimates forecast earnings of $1.17 per share and revenue of $172.42 million, reflecting changes of -28.22% and -0.68% respectively compared to the previous year [3] Analyst Estimates - Recent modifications to analyst estimates for Synchronoss are crucial as they reflect short-term business trends, with upward revisions indicating analysts' positive outlook on the company's operations [4] - These estimate changes are linked to stock price performance, and the Zacks Rank system is designed to leverage this relationship [5] Zacks Rank and Valuation - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has a strong track record, with stocks rated 1 producing an average annual return of +25% since 1988 [6] - Currently, Synchronoss holds a Zacks Rank of 3 (Hold) [6] - The company has a Forward P/E ratio of 6.68, which is significantly lower than the industry average Forward P/E of 28.96 [7] Industry Context - Synchronoss operates within the Internet - Software industry, which is part of the Computer and Technology sector, currently holding a Zacks Industry Rank of 62, placing it in the top 26% of over 250 industries [7][8] - The top 50% rated industries outperform the bottom half by a factor of 2 to 1, indicating a favorable industry environment for Synchronoss [8]
Synchronoss Technologies joins Russell 2000 Index
Proactiveinvestors NA· 2025-07-02 12:46
Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive focuses on sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]
Synchronoss Joins Russell 2000 Index, Solidifying Position as a Leading Small-Cap SaaS Company
GlobeNewswire News Room· 2025-07-01 12:00
Company Overview - Synchronoss Technologies, Inc. has been included in the Russell 2000® Index effective June 30, 2025, marking a significant milestone for the company [1] - The company has undergone a strategic transformation to become a leading global cloud solutions provider, resulting in a more predictable and stable business model with improved profitability [2] Financial Performance - In the first quarter of 2025, Synchronoss continued to deliver strong financial performance consistent with the results seen throughout 2024 [2] - The company has transitioned to a high-margin, Cloud-only SaaS business model, which is expected to generate attractive returns for stakeholders [3] Strategic Positioning - The addition to the Russell 2000 Index is seen as recognition of the operational and strategic progress made by Synchronoss [3] - The company's SaaS Cloud platform leverages artificial intelligence and machine learning to enhance revenue streams, reduce expenses, and improve time-to-market for service providers [4]
Synchronoss 获欧盟-美国数据隐私框架认证
Globenewswire· 2025-06-25 23:46
Core Points - Synchronoss Technologies, Inc. has achieved certification under the EU-U.S. Data Privacy Framework (DPF), enhancing its global leadership in data protection, compliance, and consumer trust [1][2] - The DPF certification allows U.S.-based organizations to receive and process personal data from the EU in accordance with European privacy laws such as the General Data Protection Regulation (GDPR) [1][2] - This certification reinforces Synchronoss's commitment to international privacy standards and solidifies its position as a trusted partner for global telecommunications operators [1][2] Company Commitment - The DPF certification is a significant addition to Synchronoss's global compliance framework, which already includes various certifications such as SOC 2 Type II, ISO 27001, and TRUST/e platform independent privacy verification [3] - The company emphasizes its dedication to responsible data governance and the highest standards of integrity, transparency, and accountability in cross-border data transfers [2][3] Industry Context - The EU-U.S. Data Privacy Framework establishes legal safeguards for the transfer of personal data of EU citizens to certified U.S. organizations, which is crucial in a region that prioritizes digital sovereignty and ethical data governance [2] - Synchronoss's successful certification demonstrates its capability to manage both human and non-human resource data responsibly in a cross-border environment, meeting global partners' expectations for data privacy [2]
Synchronoss Technologies secures EU-US data privacy framework certification
Proactiveinvestors NA· 2025-06-25 13:06
Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive focuses on sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]
Synchronoss Achieves EU-U.S. Data Privacy Framework Certification
Globenewswire· 2025-06-25 12:30
Core Insights - Synchronoss Technologies, Inc. has achieved certification under the EU-U.S. Data Privacy Framework (DPF), enhancing its position as a leader in data protection and compliance [1][3][4] Group 1: Certification and Compliance - The DPF is a mechanism that allows U.S. organizations to process personal data from the EU while adhering to European privacy laws, including GDPR [2] - Synchronoss's DPF certification underscores its commitment to international privacy standards and strengthens its partnerships with Tier 1 telecom operators globally [3][4] Group 2: Data Protection and Governance - The DPF establishes legally enforceable safeguards for transferring personal data of EU individuals to certified U.S. organizations, which is crucial in the context of digital sovereignty and ethical data stewardship [5] - Synchronoss's certification affirms its capability to manage both HR and non-HR data responsibly in cross-border scenarios, aligning with the data privacy expectations of global partners [5] Group 3: Comprehensive Compliance Framework - The DPF certification complements Synchronoss's existing global credentials, including SOC 2 Type II for data security, ISO 27001 for information security management, and independent privacy validation through TRUST/e [6] - These certifications reflect a proactive investment in data protection and a robust global privacy infrastructure [6]
Synchronoss (SNCR) Outperforms Broader Market: What You Need to Know
ZACKS· 2025-06-24 23:01
Company Performance - Synchronoss (SNCR) closed at $6.14, marking a +2.33% move from the prior day, outperforming the S&P 500's daily gain of 1.11% [1] - Over the past month, shares have depreciated by 7.69%, underperforming the Computer and Technology sector's gain of 5.67% and the S&P 500's gain of 3.92% [1] Upcoming Earnings - Synchronoss is projected to report earnings of $0.25 per share, representing a year-over-year decline of 47.92% [2] - The consensus estimate anticipates revenue of $42.59 million, indicating a 2% decrease from the same quarter last year [2] Annual Forecast - Zacks Consensus Estimates forecast earnings of $1.17 per share and revenue of $172.42 million for the year, reflecting changes of -28.22% and -0.68% respectively compared to the previous year [3] - Recent revisions in analyst estimates may indicate evolving short-term business trends, with positive revisions reflecting analyst optimism [3] Valuation Metrics - Synchronoss is currently trading with a Forward P/E ratio of 5.13, significantly lower than the industry average Forward P/E of 28, suggesting it is trading at a discount [6] - The Internet - Software industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 46, placing it in the top 19% of all industries [6] Zacks Rank System - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), indicates Synchronoss is currently rated 5 (Strong Sell) [5] - Over the past month, there has been a 23.91% fall in the Zacks Consensus EPS estimate for Synchronoss [5]