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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]
Here's Why Synchronoss (SNCR) Fell More Than Broader Market
ZACKS· 2025-06-18 22:50
Company Performance - Synchronoss (SNCR) closed at $6.42, down 1.68% from the previous trading session, underperforming the S&P 500 which lost 0.03% [1] - The stock has decreased by 5.77% over the past month, contrasting with the Computer and Technology sector's gain of 3.02% and the S&P 500's gain of 0.6% [1] Earnings Projections - The upcoming earnings disclosure is projected to show earnings per share (EPS) of $0.25, a decrease of 47.92% from the same quarter last year [2] - Quarterly revenue is estimated at $42.59 million, reflecting a 2% decline from the previous year [2] Annual Forecast - For the entire year, earnings are forecasted at $1.17 per share and revenue at $172.42 million, indicating declines of 28.22% and 0.68% respectively compared to the previous year [3] - Recent analyst estimate revisions suggest a negative outlook, with a 23.91% decrease in the Zacks Consensus EPS estimate over the past month [5] Valuation Metrics - Synchronoss is currently trading at a Forward P/E ratio of 5.58, significantly lower than the industry average Forward P/E of 28.07 [6] Industry Context - The Internet - Software industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 53, placing it in the top 22% of over 250 industries [6] - The strength of industry groups is measured by the Zacks Industry Rank, with top-rated industries outperforming lower-rated ones by a factor of 2 to 1 [7]
Synchronoss Technologies added to Russell 2000 Index
Proactiveinvestors NA· 2025-05-29 13:19
Company Overview - Proactive is a publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team operates from key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] Market Focus - The company specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - Proactive delivers news and 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 being a forward-looking and enthusiastic adopter of technology, utilizing decades of expertise and experience among its content creators [4] - The company employs automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]
Synchronoss Added to Membership of US Small-Cap Russell 2000® Index
Globenewswire· 2025-05-29 12:00
Group 1 - Synchronoss Technologies, Inc. has been added to the US small-cap Russell 2000 Index, effective June 30, 2025, as part of the 2025 Russell indexes reconstitution [1][2] - Membership in the Russell 2000 Index is based on inclusion in the broader Russell 3000 Index and will remain for one year [1] - The stock will also be included in the relevant growth and value indexes, enhancing its visibility within the investment community [1][2] Group 2 - The CEO of Synchronoss, Jeff Miller, stated that the inclusion in the Russell 2000 Index validates the company's strategic vision and progress in delivering innovative cloud solutions [2] - Synchronoss focuses on providing cloud solutions for telecom and mobile operators, leveraging AI and machine learning technologies [2][4] - As of June 2024, approximately $10.6 trillion in assets are benchmarked against the Russell US indexes, indicating the significance of this inclusion for investment managers and institutional investors [2]
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. ...