Synchronoss Technologies-Synchronoss (SNCR) Moves 12.3% Higher: Will This Strength Last?

Synchronoss (SNCR) shares soared 12.3% in the last trading session to close at $12.23. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 4.9% gain over the past four weeks.Synchronoss is benefiting from strong recurring revenue growth, strategic multiyear contracts with major customers, and the successful launch of its Capsyl Personal Cloud solution.This mobile services company is expected to post quarterly earnings of$ 0.29 per sh ...