Synchronoss Technologies Inc (NASDAQ: SNCR) has reported E.P.S. of $0.01 for its second fiscal quarter (ending June 30) versus $-0.13 for the same period a year ago. This result fell short of the consensus estimate of $0.06 by $-0.05. For the latest four quarters through June 30, E.P.S. were $-1.94 compared to $-0.46 a year ago.
Recent Price Action
Synchronoss Technologies Inc (NASDAQ: SNCR) stock declined slightly by -0.4% on 8/6/24. The stock closed at $10.14. Moreover, this decline was accompanied by unusually high trading volume at 191% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -2.3% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, SNCR is expected to be Value Creation neutral.
Synchronoss Technologies has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Synchronoss Technologies has a very low Appreciation Score of 7 but a very high Power Rating of 92, triggering the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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