Analysts expect Synchronoss Technologies, Inc. (NASDAQ:SNCR) to announce sales of $79.83 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Synchronoss Technologies’ earnings, with the lowest sales estimate coming in at $79.65 million and the highest estimate coming in at $80.00 million. Synchronoss Technologies posted sales of $76.74 million in the same quarter last year, which suggests a positive year over year growth rate of 4%. The business is scheduled to issue its next quarterly earnings report on Thursday, August 8th.

On average, analysts expect that Synchronoss Technologies will report full year sales of $344.90 million for the current financial year, with estimates ranging from $344.79 million to $345.00 million. For the next year, analysts forecast that the firm will post sales of $360.67 million, with estimates ranging from $355.00 million to $366.33 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Synchronoss Technologies.

Synchronoss Technologies (NASDAQ:SNCR) last issued its quarterly earnings data on Thursday, May 9th. The software maker reported ($0.50) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.49) by ($0.01). Synchronoss Technologies had a negative net margin of 67.57% and a negative return on equity of 76.17%. The company had revenue of $88.11 million during the quarter, compared to analysts’ expectations of $83.37 million.

Several equities analysts recently commented on SNCR shares. ValuEngine upgraded Synchronoss Technologies from a “hold” rating to a “buy” rating in a research note on Monday, April 1st. Zacks Investment Research upgraded Synchronoss Technologies from a “hold” rating to a “buy” rating and set a $6.75 target price for the company in a research note on Tuesday, March 19th.

Synchronoss Technologies stock opened at $6.91 on Thursday. The firm has a market capitalization of $284.29 million, a P/E ratio of -1.41 and a beta of 0.32. Synchronoss Technologies has a 52 week low of $3.90 and a 52 week high of $8.49. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.39.

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in Synchronoss Technologies in the fourth quarter valued at $1,694,000. Brighton Jones LLC acquired a new position in Synchronoss Technologies in the first quarter valued at $851,000. Wealthsource Partners LLC acquired a new position in Synchronoss Technologies in the fourth quarter valued at $157,000. First Washington CORP acquired a new position in Synchronoss Technologies in the fourth quarter valued at $4,091,000. Finally, Elk Creek Partners LLC acquired a new position in Synchronoss Technologies in the fourth quarter valued at $19,951,000. Hedge funds and other institutional investors own 41.20% of the company’s stock.

About Synchronoss Technologies

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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