Group 1 - Synchronoss Technologies Inc. announced participation in two upcoming investor conferences, highlighting its commitment to engaging with investors [1][2] - The Sidoti November Virtual Investor Conference is scheduled for November 13, 2024, with a presentation starting at 10:00 AM ET [2] - The Northland Growth Conference will take place on December 12, 2024, offering opportunities for one-on-one meetings with management [2] Group 2 - Synchronoss is recognized as a global leader in personal Cloud solutions, providing service providers with tools to create secure connections with subscribers [3] - The company's SaaS Cloud platform enhances onboarding processes and subscriber engagement, leading to increased revenue, reduced costs, and quicker market entry [3] - Millions of subscribers rely on Synchronoss to protect their valuable digital content and memories [3]

8 Synchronoss Personal Cloud , Nov. 13, 2024 (GLOBE NEWSWIRE) -- Synchronoss Technologies, Inc. ( "Synchronoss" "") (NASDAQ: SNCR) 2700 Synchronoss Personal Cloud Synchronoss Personal Cloud Synchronoss Personal Cloud (AI) Synchronoss (CEO) Jeff Miller " AI (ARPU) " (OTT) Synchronoss Personal Cloud ARPU Synchronoss Synchronoss Technologies (NasdaqSNCR) SaaS Synchronoss www.synchronoss.com Domenick Cilea Springboard dcilea@springboardpr.com Ryan Gardella Synchronoss SNCRIR@icrinc.com ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Synchronoss (SNCR) is set to report its third-quarter 2024 results on Nov. 12.The Zacks Consensus Estimate for third-quarter revenues is currently pegged at $43.31 million, indicating a decline of 22.18% year over year. The consensus mark for earnings is currently pegged at 25 cents per share, unchanged over the past 30 days. The figure indicates a 44.44% decrease from the year-ago quarter’s reported figure.SNCR’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, missing onc ...

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 brokerag ...

Synchronoss (SNCR) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Shares of this mobile services company have returned -4.1% over the past month versus the Zacks S&P 500 composite's +3.5% change. The Zacks Internet - Software industry, to which Synchronoss belongs, has gained 9% over this period. Now the key question is: Where could the stock be headed in the near term? Althou ...

Synchronoss Technologies (SNCR) shares are one of the cheaper stocks in the broader Zacks Computer & Technology sector, with a Value Score of A. SNCR stock is trading at a significant discount with a forward 12-month Price/Sales (P/S) ratio of 0.73X compared with the sector's 6.2X. It is cheaper than its Zacks Internet Software industry peer Aspen Technology (AZPN) , which is currently trading at a forward 12-month P/S of 12.31X. SNCR's cheap valuation is attractive for investors. However, is it worth buyin ...

Core Viewpoint - The article discusses the reliability of brokerage recommendations, particularly focusing on Synchronoss (SNCR), and suggests that while the average brokerage recommendation indicates a buy, investors should be cautious and validate this with other analysis tools like the Zacks Rank [1][3][12]. Brokerage Recommendations - Synchronoss has an average brokerage recommendation (ABR) of 1.67, which is between Strong Buy and Buy, based on recommendations from three brokerage firms, with 66.7% of these being Strong Buy [2]. - Despite the positive ABR, studies indicate that brokerage recommendations often do not effectively guide investors towards stocks with the highest potential for price appreciation [3][4]. Analyst Bias - Analysts from brokerage firms tend to exhibit a strong positive bias in their ratings, with a ratio of five "Strong Buy" recommendations for every "Strong Sell" [4][8]. - This bias suggests that the interests of brokerage firms may not align with those of retail investors, leading to a lack of reliable insight into future stock price movements [5]. Zacks Rank Comparison - The Zacks Rank, which classifies stocks from 1 (Strong Buy) to 5 (Strong Sell), is based on earnings estimate revisions and is considered a more reliable indicator of near-term price performance compared to ABR [6][9]. - The Zacks Rank is updated more frequently and reflects timely changes in earnings estimates, unlike the potentially outdated ABR [10]. Current Earnings Estimates - For Synchronoss, the Zacks Consensus Estimate for the current year remains unchanged at $1.19, indicating steady analyst views on the company's earnings prospects [11]. - The unchanged consensus estimate has resulted in a Zacks Rank of 3 (Hold) for Synchronoss, suggesting caution despite the Buy-equivalent ABR [12].

Company Overview - Synchronoss (SNCR) shares increased by 5.1% to close at $14.11, following notable trading volume, contrasting with a 5.7% loss over the past four weeks [1] - The company is experiencing strong cloud subscriber growth, with a 6.1% increase in the number of cloud subscribers in Q2 2024, contributing to 5.9% of total revenues [1] Earnings Expectations - The upcoming quarterly earnings report is expected to show earnings of $0.25 per share, reflecting a year-over-year decline of 44.4%, with revenues projected at $43.31 million, down 22.2% from the previous year [2] - The consensus EPS estimate for Synchronoss has remained unchanged over the last 30 days, indicating that stock price movements may not continue without trends in earnings estimate revisions [3] Industry Context - Synchronoss is part of the Zacks Internet - Software industry, where another company, eGain (EGAN), saw a 2% increase to $5.17, but has returned -29.5% over the past month [3] - eGain's consensus EPS estimate has changed by -200% over the past month to $0.01, representing a year-over-year decline of 91.7%, and it currently holds a Zacks Rank of 3 (Hold) [4]

Synchronoss Technologies' (SNCR) announced the latest version of its carrier-grade Personal Cloud platform on Wednesday. This will enable service providers to deliver enhanced cloud solutions that are expected to boost subscriber engagement. The new Synchronoss Personal Cloud provides a customized white-label solution for service providers, empowering subscribers to manage, back up and optimize their digital content across various mobile devices, laptops, and computers. With the introduction of the Memories ...