Synchronoss Technologies (SNCR) Receiving Somewhat Positive Press Coverage, Study Finds
News articles about Synchronoss Technologies (NASDAQ:SNCR) have been trending somewhat positive on Friday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Synchronoss Technologies earned a news impact score of 0.16 on Accern’s scale. Accern also assigned news articles about the software maker an impact score of 45.7057603526306 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media stories that may have effected Accern Sentiment’s analysis:
- Synchronoss Technologies, Inc. (NASDAQ:SNCR) Experiences Light Trading Volume – Modern Readers (modernreaders.com)
- Needle Action Activity Spotted in Synchronoss Technologies Inc (SNCR) and Crown Holdings Inc (CCK) – Evergreen Caller (evergreencaller.com)
- Watching the Tape Move for Histogenics Corp (HSGX) and Synchronoss Technologies Inc (SNCR) – Evergreen Caller (evergreencaller.com)
- Investor Watch: Checking on Shares of Synchronoss Technologies, Inc. (NASDAQ:SNCR) – Jonesboro Recorder (jonesbororecorder.com)
- Pounding the Pavement on Shares of Synchronoss Technologies Inc (SNCR) – Evergreen Caller (evergreencaller.com)
A number of analysts recently issued reports on the company. BidaskClub upgraded Synchronoss Technologies from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 17th. Zacks Investment Research upgraded Synchronoss Technologies from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 25th. Stifel Nicolaus restated a “hold” rating and issued a $16.00 price target on shares of Synchronoss Technologies in a research report on Friday, June 23rd. Drexel Hamilton downgraded Synchronoss Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, June 14th. Finally, ValuEngine downgraded Synchronoss Technologies from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $24.00.
Shares of Synchronoss Technologies (NASDAQ SNCR) opened at 16.58 on Friday. The stock’s 50 day moving average price is $16.47 and its 200 day moving average price is $19.92. The company has a market capitalization of $729.24 million, a P/E ratio of 36.84 and a beta of 1.74. Synchronoss Technologies has a 52-week low of $10.11 and a 52-week high of $49.94.
Synchronoss Technologies Company Profile
Synchronoss Technologies, Inc is a global software and services company, which provides technologies and services for the mobile transformation of business. The Company’s portfolio in the Consumer and Enterprise markets contains offerings, such as personal cloud, secure-mobility, identity management and scalable messaging platforms, products and solutions.
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