Synchronoss rallies after analyst day impresses


Wells Fargo has hiked its Synchronoss (SNCR +3.6%) valuation range to $46-$48 from $38-$41, arguing yesterday's analyst day left it more optimistic about the company's cloud services business (offers white-label cloud solutions for carriers).

FBR thinks "the lion's share" of Synchronoss' 2014 revenue growth will come from "higher-margin cloud offerings." It's also upbeat about the company's ability to grow its subscriber activations, and about demand from a new Indian client (thus far unnamed).

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs