Synchronoss Technologies (NASDAQ:SNCR) Issues Quarterly Earnings Results, Misses Estimates By $0.80 EPS

Synchronoss Technologies (NASDAQ:SNCR) issued its quarterly earnings results on Tuesday. The software maker reported ($0.51) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.80), Zacks reports. Synchronoss Technologies had a negative net margin of 20.00% and a negative return on equity of 10.99%. Synchronoss Technologies updated its FY 2025 guidance to EPS.

Synchronoss Technologies Price Performance

Shares of SNCR opened at $10.32 on Wednesday. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 5.75. The company’s fifty day simple moving average is $10.36 and its 200 day simple moving average is $10.02. Synchronoss Technologies has a 1-year low of $6.71 and a 1-year high of $15.46. The company has a market cap of $118.66 million, a price-to-earnings ratio of -2.66 and a beta of 1.85.

Insider Activity

In related news, CEO Jeffrey George Miller sold 6,979 shares of the firm’s stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $10.50, for a total value of $73,279.50. Following the completion of the sale, the chief executive officer now directly owns 451,853 shares in the company, valued at approximately $4,744,456.50. This trade represents a 1.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold a total of 33,193 shares of company stock valued at $344,220 in the last quarter. Company insiders own 17.90% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded Synchronoss Technologies from a “hold” rating to a “buy” rating in a report on Friday, March 14th.

Synchronoss Technologies Company Profile

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.