Seeking Alpha

It looks as if AT&T's (T) smartphone slowdown (likely affected by subsidy tightening and a...

It looks as if AT&T's (T) smartphone slowdown (likely affected by subsidy tightening and a cooling U.S. market) is hurting activation/provisioning software firm Synchronoss (SNCR -24.4%), which is crashing post-earnings. Synchronoss, which gets about half its revenue from AT&T, says it expects Q2 revenue of $65M-$68M, below a $68.6M consensus. It expects only 5%-10% growth in AT&T sales this year, below prior estimates.
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