Synacor (SYNC) Getting Somewhat Positive Press Coverage, Accern Reports
Press coverage about Synacor (NASDAQ:SYNC) has trended somewhat positive recently, according to Accern. The research group ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Synacor earned a coverage optimism score of 0.04 on Accern’s scale. Accern also gave news coverage about the information services provider an impact score of 45.0578115065281 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- Synacor, Inc. (SYNC) Given Consensus Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- Synacor, Inc. (NASDAQ:SYNC) Trading Volume Significantly Lower – First News 24 (firstnewspaper24.com)
- Synacor, Inc. (NASDAQ:SYNC) Sees Light Trading Volume with 3903 Shares Changing Hands – First News 24 (firstnewspaper24.com)
- Synacor, Inc. (SYNC) Stock Rating Lowered by Zacks Investment Research (americanbankingnews.com)
Synacor (NASDAQ:SYNC) last posted its quarterly earnings results on Wednesday, August 9th. The information services provider reported ($0.09) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.11) by $0.02. The business had revenue of $31.22 million during the quarter, compared to the consensus estimate of $29.43 million. Synacor had a negative return on equity of 39.21% and a negative net margin of 13.14%. Synacor’s revenue was up 2.4% compared to the same quarter last year.
A number of equities analysts have recently commented on the stock. Zacks Investment Research lowered shares of Synacor from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. ValuEngine downgraded shares of Synacor from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. Canaccord Genuity lowered their target price on shares of Synacor from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Thursday, August 10th. Finally, Craig Hallum downgraded shares of Synacor from a “buy” rating to a “hold” rating and raised their target price for the company from $3.55 to $4.00 in a research note on Thursday, August 10th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $5.25.
Synacor, Inc is a technology development, multiplatform services and revenue partner for video, Internet and communications providers, device manufacturers and enterprises. The Company enables its customers to provide their consumers engaging, multiscreen experiences with products that require scale, actionable data and implementation.
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