Synchronoss Technologies (SNCR) Set to Announce Quarterly 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. Individual interested in participating in the company’s earnings conference call can do so using this link.

Synchronoss Technologies Stock Up 0.8 %

SNCR stock opened at $11.36 on Monday. The company’s 50 day moving average price is $12.54 and its 200 day moving average price is $10.65. The firm has a market capitalization of $122.89 million, a price-to-earnings ratio of -2.94 and a beta of 1.99. Synchronoss Technologies has a fifty-two week low of $2.70 and a fifty-two week high of $15.46. The company has a debt-to-equity ratio of 6.68, a quick ratio of 1.78 and a current ratio of 1.78.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In related news, major shareholder B. Riley Financial, Inc. sold 61,690 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $11.73, for a total transaction of $723,623.70. Following the transaction, the insider now owns 1,168,217 shares in the company, valued at $13,703,185.41. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Synchronoss Technologies news, EVP Patrick Joseph Doran sold 3,250 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $14.77, for a total value of $48,002.50. Following the completion of the sale, the executive vice president now owns 107,483 shares of the company’s stock, valued at approximately $1,587,523.91. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder B. Riley Financial, Inc. sold 61,690 shares of the business’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $11.73, for a total transaction of $723,623.70. Following the sale, the insider now directly owns 1,168,217 shares in the company, valued at approximately $13,703,185.41. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 209,054 shares of company stock valued at $2,598,563. 17.90% of the stock is owned by corporate insiders.

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.