Synchronoss Technologies (SNCR) Set to Announce Earnings on Tuesday

Synchronoss Technologies (NASDAQ:SNCR) is set to announce its earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of ($0.58) per share for the quarter. Synchronoss Technologies has set its FY 2024 guidance at EPS.Parties that wish to register for the company’s conference call can do so using this link.

Synchronoss Technologies (NASDAQ:SNCR) last posted its quarterly earnings results on Tuesday, March 12th. The software maker reported ($0.90) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.71). Synchronoss Technologies had a negative net margin of 25.43% and a negative return on equity of 17.99%. The firm had revenue of $41.40 million for the quarter, compared to analysts’ expectations of $43.76 million. On average, analysts expect Synchronoss Technologies to post $-2 EPS for the current fiscal year and $-3 EPS for the next fiscal year.

Synchronoss Technologies Stock Performance

Shares of NASDAQ:SNCR opened at $6.45 on Friday. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 5.11. Synchronoss Technologies has a 52-week low of $2.70 and a 52-week high of $13.97. The stock has a market cap of $66.50 million, a price-to-earnings ratio of -0.97 and a beta of 1.73. The business has a 50-day moving average price of $8.23 and a 200-day moving average price of $6.52.

Insider Buying and Selling

In other Synchronoss Technologies news, Director Kevin Rendino acquired 5,000 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was acquired at an average cost of $9.30 per share, for a total transaction of $46,500.00. Following the purchase, the director now owns 888,892 shares in the company, valued at approximately $8,266,695.60. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Kevin Rendino acquired 5,000 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was acquired at an average price of $9.30 per share, with a total value of $46,500.00. Following the acquisition, the director now directly owns 888,892 shares in the company, valued at approximately $8,266,695.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Laurie Harris sold 4,809 shares of the company’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $6.45, for a total value of $31,018.05. Following the completion of the sale, the director now owns 42,319 shares in the company, valued at approximately $272,957.55. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,024 shares of company stock worth $114,351. 6.90% of the stock is owned by company insiders.

About Synchronoss Technologies

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.