Synchronoss Technologies (NASDAQ:SNCR - Get Free Report) released its earnings results on Tuesday. The software maker reported $0.85 EPS for the quarter, beating the consensus estimate of $0.10 by $0.75, Zacks reports. Synchronoss Technologies had a negative net margin of 20.00% and a negative return on equity of 10.99%.
Shares of Synchronoss Technologies stock traded down $0.62 during midday trading on Tuesday, hitting $7.13. The company's stock had a trading volume of 100,938 shares, compared to its average volume of 68,923. Synchronoss Technologies has a 1-year low of $6.02 and a 1-year high of $15.46. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 5.75. The firm has a market capitalization of $77.28 million, a P/E ratio of -1.84 and a beta of 2.05. The stock has a 50-day simple moving average of $9.49 and a 200-day simple moving average of $10.80.
In other Synchronoss Technologies news, CEO Jeffrey George Miller sold 17,389 shares of Synchronoss Technologies stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $10.34, for a total value of $179,802.26. Following the completion of the sale, the chief executive officer now directly owns 336,232 shares in the company, valued at $3,476,638.88. The trade was a 4.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 17.90% of the company's stock.
Several research analysts have issued reports on the company. Roth Capital raised Synchronoss Technologies from a "hold" rating to a "strong-buy" rating in a report on Monday, November 25th. Roth Mkm raised Synchronoss Technologies from a "neutral" rating to a "buy" rating and upped their target price for the company from $11.00 to $13.00 in a report on Monday, November 25th.
Read Our Latest Stock Analysis on SNCR
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.
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