Synchronoss Technologies (SNCR) Receives Daily News Sentiment Rating of 0.10
Media coverage about Synchronoss Technologies (NASDAQ:SNCR) has trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Synchronoss Technologies earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned news articles about the software maker an impact score of 46.3581639500998 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
A number of equities research analysts have recently issued reports on the stock. BidaskClub cut shares of Synchronoss Technologies from a “hold” rating to a “sell” rating in a research report on Friday, May 4th. Zacks Investment Research cut shares of Synchronoss Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, April 25th. Three equities research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The company has an average rating of “Hold” and a consensus target price of $11.00.
SNCR traded up $0.56 on Wednesday, hitting $7.00. Synchronoss Technologies has a one year low of $5.70 and a one year high of $17.09.
Synchronoss Technologies, Inc provides cloud solutions and software-based activation for connected devices worldwide. The company's products and services include cloud-based sync, backup, storage and content engagement capabilities, broadband connectivity solutions, analytics, white label messaging, and identity/access management that enable communications service providers, cable operators/multi-services operators, original equipment manufacturers with embedded connectivity, and multi-channel retailers, as well as other customers to accelerate and monetize value-add services for secure and broadband networks and connected devices.
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