Equities research analysts expect Synchronoss Technologies, Inc. (NASDAQ:SNCR) to post sales of $86.38 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Synchronoss Technologies’ earnings, with estimates ranging from $86.26 million to $86.50 million. The firm is scheduled to issue its next quarterly earnings report on Wednesday, February 6th.

On average, analysts expect that Synchronoss Technologies will report full year sales of $330.12 million for the current year, with estimates ranging from $330.00 million to $330.24 million. For the next financial year, analysts expect that the firm will report sales of $344.29 million, with estimates ranging from $343.58 million to $345.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Synchronoss Technologies.

Synchronoss Technologies (NASDAQ:SNCR) last announced its quarterly earnings results on Wednesday, November 7th. The software maker reported ($1.00) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.53) by ($0.47). The firm had revenue of $83.30 million for the quarter, compared to analysts’ expectations of $83.00 million. Synchronoss Technologies had a negative return on equity of 48.08% and a negative net margin of 36.27%. Synchronoss Technologies’s revenue for the quarter was down 8.5% on a year-over-year basis.

A number of equities research analysts recently issued reports on SNCR shares. TheStreet lowered Synchronoss Technologies from a “c-” rating to a “d” rating in a research note on Monday, October 1st. Zacks Investment Research raised Synchronoss Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, September 29th. ValuEngine raised Synchronoss Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, November 1st. Finally, Stifel Nicolaus raised Synchronoss Technologies from a “sell” rating to a “hold” rating and upped their target price for the company from $3.00 to $7.00 in a research note on Monday, December 10th. One analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $6.75.

In related news, CEO Glenn Lurie sold 26,769 shares of the company’s stock in a transaction that occurred on Friday, November 16th. The stock was sold at an average price of $5.92, for a total value of $158,472.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO David D. Clark bought 10,000 shares of Synchronoss Technologies stock in a transaction that occurred on Thursday, November 15th. The stock was bought at an average cost of $5.94 per share, for a total transaction of $59,400.00. The disclosure for this purchase can be found here. 34.90% of the stock is currently owned by corporate insiders.

An institutional investor recently bought a new position in Synchronoss Technologies stock. FNY Investment Advisers LLC purchased a new position in shares of Synchronoss Technologies, Inc. (NASDAQ:SNCR) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 25,975 shares of the software maker’s stock, valued at approximately $171,000. FNY Investment Advisers LLC owned 0.06% of Synchronoss Technologies as of its most recent SEC filing. 0.45% of the stock is owned by institutional investors.

Shares of NASDAQ:SNCR traded up $0.06 during trading on Friday, hitting $6.79. 276,611 shares of the stock were exchanged, compared to its average volume of 258,435. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.99 and a quick ratio of 0.99. Synchronoss Technologies has a 12-month low of $3.90 and a 12-month high of $12.12.

Synchronoss Technologies Company Profile

Synchronoss Technologies, Inc provides cloud, digital, messaging, and Internet of things platforms, products, and solutions worldwide. Its products and services include cloud-based sync, backup, storage and content engagement capabilities, broadband connectivity solutions, analytics, white label messaging, and identity/access management that enable communications service providers, cable operators/multi-services operators, original equipment manufacturers with embedded connectivity, and multi-channel retailers, as well as other customers to accelerate and monetize value-add services for secure and broadband networks and connected devices.

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