Synchronoss Technologies has completed its restructuring, stabilized contracts, and improved margins. Q4 revenues grew 7% YoY, driven by 6% subscriber growth, with gross margins expanding by over 500bps and EBITDA margins by 600bps. SNCR's key contracts with Verizon and AT&T are secured through 2030 and 2027, respectively, ensuring stability in the U.S. market.
Synchronoss (SNCR) closed at $11.08 in the latest trading session, marking a +1.76% move from the prior day.
Synchronoss (SNCR) closed the most recent trading day at $12, moving -1.88% from the previous trading session.
Synchronoss (SNCR) reachead $12.23 at the closing of the latest trading day, reflecting a +1.75% change compared to its last close.
Synchronoss's prospects benefit from cloud expansion and AI innovation amid stiff competition.
In the latest trading session, Synchronoss (SNCR) closed at $12.31, marking a +0.65% move from the previous day.
Synchronoss (SNCR) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Synchronoss Technologies, Inc. (NASDAQ:SNCR ) Q4 2024 Earnings Conference Call March 11, 2025 4:30 PM ET Company Participants Ryan Gardella - Investor Relations Jeff Miller - President and Chief Executive Officer Lou Ferraro - Chief Financial Officer Conference Call Participants Richard Baldry - Roth Capital Operator Greetings and welcome to the Synchronoss Technologies Fourth Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
Synchronoss (SNCR) came out with quarterly earnings of $0.94 per share, beating the Zacks Consensus Estimate of $0.10 per share. This compares to loss of $0.85 per share a year ago.
Synchronoss Technologies Inc (NASDAQ:SNCR) reported a strong fourth-quarter performance, with revenue growth driven by an increase in cloud subscribers and higher profitability. The company, which specializes in personal cloud platforms, posted total revenue of $44.2 million for the quarter ended December 31, 2024, up from $41.4 million a year earlier, fueled by a 6% increase in cloud subscribers.
Synchronoss Technologies Inc (NASDAQ:SNCR) earlier this week announced the launch of Capsyl Cloud at the Mobile World Congress (MWC) 2025 in Barcelona. The company said Capsyl Cloud is designed to streamline the onboarding process for telecom providers looking to offer branded cloud storage services.