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SNCR

Synchronoss Technologies, Inc.

5/22/2013, 3:04 PM ET

Quote & Headlines Market Currents StockTalk

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Wednesday, May 1, 4:40 PM Synchronoss Tech (SNCR): Q1 EPS of $0.28 in-line. Non-GAAP Revenue of $79.5M (+22% Y/Y) beats by $2.88M. (PR) Comment! [Earnings, Breaking News, Tech]
Wednesday, March 20, 3:54 PM Synchronoss (SNCR -1.6%) sales chief Christopher Putnam has resigned to "pursue other interests." The disclosure is leading shares of the mobile activation/provisioning software firm, which have rallied strongly since November, to close lower. Comment! [Tech, On the Move]
Friday, February 8, 1:00 PM Midday top 10 gainers: BDCO +32%. CZR +25%. ONCY +23%. LNKD +20%. SNCR +19%. GALT +13%. ZN +13%. FLT +12%. ZNGA +12%. ATVI +11%.
Midday top 10 losers: ETRM -55%. MSON -22%. GUID -21%. NUAN -19%. RVBD -18%. QKLS -16%. JE -14%. NSP -13%. STS -11%. SPWR -10%. Comment! [On the Move]
Thursday, February 7, 7:31 PM More on Synchronoss (SNCR): Q4 beats on all counts as total sales jump 19% Y/Y. Income from operations was $18.7M, +18% Y/Y, with operating margins at 25%. Net income was $11.1M, down from $13.3M in the year ago period due to a higher tax rate caused by the delayed renewal of federal research and development tax credits. Shares +5.9% AH. Comment! [Tech, Earnings, On the Move]
Thursday, February 7, 4:19 PM Synchronoss Tech (SNCR): Q4 EPS of $0.29 beats by $0.04. Non-GAAP Revenue of $73.9M (+19% Y/Y) beats by $3.81M. (PR) Comment! [Earnings, Breaking News, Tech]
Thursday, February 7, 12:10 AM Notable earnings after Thursday’s close: AGNC, ALNY, ASYS, ATHN, ATVI, AVNR, CSTR, DCT, FLT, G, HAS, LNKD, MCHP, NCR, NFG, NUAN, OPEN, PRI, RGC, RSG, RVBD, SNCR, SPWR, TSRA, UBNT, WWWW, XL Comment! [Earnings]
Wednesday, February 6, 5:35 PM Notable earnings after Thursday’s close: AGNC, ALNY, ASYS, ATHN, ATVI, AVNR, CSTR, DCT, FLT, G, HAS, LNKD, MCHP, NCR, NFG, NUAN, OPEN, PRI,RGC, RSG, RVBD, SNCR, SPWR, TSRA, UBNT, WWWW, XL Comment! [Earnings]
Wednesday, January 16, 11:59 AM Synchronoss (SNCR +3.5%) catches a bid following an upgrade to Outperform from Credit Suisse: the firm is encouraged by top customer AT&T's smartphone sales and an R&D tax credit extension, and sees a potential Q2 iPhone launch giving a lift. Wells Fargo upgraded Synchronoss last week on a belief ramping sales to Verizon Wireless and a new cloud services contract with AT&T will provide a 2013 lift. Comment! [Tech, On the Move, Quick Ideas]
Friday, December 28, 2012, 11:02 AM Synchronoss (SNCR +2.7%) trades higher following its $55.5M purchase of RIM's NewBay unit, which provides private-label content tools and storage services for mobile carriers. JPMorgan (Overweight) thinks NewBay's assets will complement Synchronoss' ConvergenceNow mobile activation/provisioning platform, and likes the fact the purchase expands Synchronoss' international customer base - Synchronoss is currently very dependent on AT&T and Verizon. Comment! [Tech, On the Move, Quick Ideas]
Thursday, December 27, 2012, 5:57 PM Synchronoss (SNCR) acquires cloud service provider NewBay from Research in Motion (RIMM) for $55.5M. CEO Stephen Waldis says the move is one of the first steps in a large expansion plan intended to boost SNCR's international presence with the takeover of a major European mobile operator. Comment! [Tech, M&A]
Wednesday, December 5, 2012, 11:21 AM AT&T (T) has bumped up its 2012 smartphone sales forecast to 26M from 25M, while adding 6.4M smartphones were sold over the first 2 months of Q4. For reference, Ma Bell sold 6M smartphones in the first 2 months of Q4 last year, and 6.1M in the whole of Q3. The disclosure is a modest positive for Apple (AAPL), given the iPhone accounted for 77% of AT&T's Q3 smartphone sales. And also for Synchronoss (SNCR), whose software provisions and activates AT&T's smartphones. 8 Comments [Tech]
Monday, November 5, 2012, 4:58 PM Synchronoss Technologies (SNCR): Q3 EPS of $0.28 beats by $0.01. Revenue of $69.2M (+16.4% Y/Y) in-line. Shares -2.9% AH. (PR) Comment! [Earnings, Tech, On the Move]
Tuesday, September 4, 2012, 1:36 PM Synchronoss (SNCR -3.1%) slides on a downgrade to Neutral from Goldman, which sees limited upside for shares until orders from Verizon Wireless pick up sometime in 2013. Synchronoss, whose software is used to activate and provision smartphones, has seen its shares dinged by slowing U.S. smartphone sales, particularly at top customer AT&T. Comment! [Tech, On the Move, Quick Ideas]
Thursday, August 2, 2012, 10:52 AM Synchronoss (SNCR +19.9%) soars after beating Q2 estimates. While the company issued soft guidance on its earnings call - it expects 2012 revenue of $270M-$277M, below a $284.7M consensus - that appears baked in, given worries about the impact of AT&T's slowing smartphone sales on demand for the company's mobile provisioning software. Synchronoss is also forecasting a major 2013 boost from sales of its cloud content management solutions to Verizon and others. Comment! [Tech, Earnings, On the Move]
Wednesday, August 1, 2012, 7:06 PM Synchronoss Technologies (SNCR): Q2 EPS of $0.29 beats by $0.03. Revenue of $67.2M (+7.3% Y/Y) beats by $0.5M. Shares -5.4% AH. (PR) Comment! [Earnings, Tech, On the Move]
Thursday, May 31, 2012, 9:43 AM Synchronoss (SNCR +3.1%), which made new 52-week lows yesterday, jumps out of the gate after JPMorgan upgrades shares to Overweight on valuation grounds. The firm notes shares had fallen 39% since the company's issued weak guidance to go with its Q1 report, and praises the company's growth prospects with AT&T and Verizon, as well as its potential to add new carrier customers. Comment! [Tech, On the Move, Quick Ideas]