Synchronoss Technologies, Inc. Stock News

Synchronoss Technologies Inc (NASDAQ:SNCR), a leading provider of cloud-based software solutions, has solidified its position in the digital content protection market with a three-year contract extension from AT&T, one of its major telecom partners. CEO Jeff Miller recently spoke with Proactive to share details of this milestone, highlighting the company's success as a cloud-only provider in 20...

Synchronoss Technologies Inc (NASDAQ:SNCR) announced on Thursday a three-year contract extension with a leading US telecom provider. The partnership leverages Synchronoss Personal Cloud to allow users to securely back up, manage, and share digital content across multiple devices and the cloud.

BRIDGEWATER, N.J., Dec. 12, 2024 (GLOBE NEWSWIRE) -- Synchronoss Technologies, Inc. (“Synchronoss” or the “Company”) (NASDAQ: SNCR), a global leader and innovator in personal cloud platforms, today announced a three-year contract extension with a leading U.S. telecom provider.

Telecom operators worldwide are under pressure to modernize their networks while managing legacy systems. Industry leaders, including Vodafone and BT, have acknowledged the strain of monetizing these investments, highlighting the need for innovative solutions to unlock growth and improve efficiency.

Synchronoss Technologies Inc (NASDAQ:SNCR) earlier this week discussed its recent Q3 financial results and growth strategies in an interview with Proactive. The company reported an 8% increase in revenue year-over-year, with adjusted EBITDA growing 37% to $12.7 million, resulting in a 29.5% EBITDA margin.

Synchronoss Technologies, Inc.'s Q3 2024 results showed flat revenues and operating profitability, but market concerns over bottom-line changes led to a 10% stock drop. The company trades at a high P/E of 18.2x and EV/NOPAT of 13.5x, which seems unjustified given its leverage and competitive environment. Key risks include renegotiation of the AT&T contract, which could impact margins, and high ...

Synchronoss Technologies, Inc. (NASDAQ:SNCR ) Q3 2024 Earnings Conference Call November 12, 2024 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 Jon Hickman - Ladenburg Thalmann Aditya Dagaonkar - Northland Capital Operator Greetings and welcome to the Synchr...

Synchronoss Technologies Inc (NASDAQ:SNCR) raised its full-year financial outlook off the back of a strong third quarter marked by continued subscriber expansion and operational efficiencies. For the quarter ended Sept.