Synchronoss Technologies (SNCR) to Release Earnings on Tuesday

Synchronoss Technologies (NASDAQ:SNCR) will be announcing its earnings results after the market closes on Tuesday, November 12th. Analysts expect the company to announce earnings of $0.25 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Synchronoss Technologies Stock Performance

Synchronoss Technologies stock opened at $11.36 on Friday. Synchronoss Technologies has a fifty-two week low of $2.70 and a fifty-two week high of $15.46. The firm’s fifty day moving average price is $12.54 and its 200-day moving average price is $10.62. The stock has a market cap of $122.92 million, a P/E ratio of -2.94 and a beta of 1.99. The company has a debt-to-equity ratio of 6.68, a quick ratio of 1.78 and a current ratio of 1.78.

Insider Activity at Synchronoss Technologies

In other news, major shareholder B. Riley Financial, Inc. sold 30,867 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $11.48, for a total value of $354,353.16. Following the completion of the sale, the insider now directly owns 1,281,681 shares of the company’s stock, valued at approximately $14,713,697.88. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, major shareholder B. Riley Financial, Inc. sold 30,867 shares of Synchronoss Technologies stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $11.48, for a total transaction of $354,353.16. Following the sale, the insider now directly owns 1,281,681 shares in the company, valued at $14,713,697.88. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Lou Ferraro sold 5,768 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $13.60, for a total value of $78,444.80. Following the completion of the sale, the chief financial officer now directly owns 83,556 shares in the company, valued at approximately $1,136,361.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 239,921 shares of company stock worth $2,952,916 over the last quarter. 17.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Synchronoss Technologies from a “buy” rating to a “hold” rating in a research report on Friday, August 16th.

Synchronoss Technologies Company Profile

Synchronoss Technologies, Inc provides cloud, messaging, digital, and network management solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers Synchronoss Personal Cloud platform that allows customers' subscribers to backup and protect, engage with, and manage their personal content.