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 ...

Synchronoss (SNCR) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving. The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this mobile services company, should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings esti ...

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 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 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 | --- | --- | |------------------------------------------------------------------------------------|----- ...

J Studios/DigitalVision via Getty Images This article analyzes Synchronoss Technologies, Inc. (NASDAQ:SNCR) Q2 2024 results and the earnings call. It also reviews the company's valuation since my last article in February. Synchronoss' results for the year were in line with guidance and expectations, delivering mid-single-digit top-line growth with good operating leverage after divestment in 2023. This operating leverage has led to the company recovering operating profitability, an important point given its ...

Synchronoss Technologies, Inc. (NASDAQ:SNCR) Q2 2024 Earnings Conference Call August 6, 2024 4:30 PM ET Company Participants Ryan Gardella - Investor Relations Jeff Miller - President & Chief Executive Officer Lou Ferraro - Chief Financial Officer Conference Call Participants Jon Hickman - Ladenburg Aditya Dagaonkar - Northland Capital Operator Good day, and thank you for standing by. Welcome to the Synchronoss Technologies Second Quarter 2024 Earnings Conference Call. At this time, all participants are in ...

Synchronoss (SNCR) came out with quarterly earnings of $0.48 per share, beating the Zacks Consensus Estimate of $0.07 per share. This compares to loss of $0.27 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 585.71%. A quarter ago, it was expected that this mobile services company would post a loss of $0.50 per share when it actually produced earnings of $0.44, delivering a surprise of 188%. Over the last four quarters, the c ...

Exhibit 99.1 Synchronoss Technologies Reports Second Quarter 2024 Results Q2 Revenue Grew 6% Year-Over-Year to $43.5 Million, Including 90.5% Recurring Revenue GAAP Gross Margin Expands to 67.5%; Adjusted Gross Margin Rises to 77.5% Year-Over-Year, Net Income Increased by $11.1 Million, EPS Improved to $0.01 from $(1.13) and Adjusted EBITDA Improved 115% to $13.0 Million Retired the Company's Preferred Stock, Reducing Total Net Debt and Cost of Capital, Using a New $75 million Term Loan Facility BRIDGEWATER ...