Synchronoss Technologies, Inc. s in-depth stock price analysis indicates that the stock price has dropped -30.03% in the past 12 Weeks but analyzing the 6 month chart of the stock, the price of the stock has managed to drop negative and it has dropped down to -17.27% . Looking at the past 52 week period, the stock price is up at 44.8% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Synchronoss Technologies, Inc. has a positive value of 18.43 compared to overall market. Synchronoss Technologies, Inc. (NASDAQ:SNCR) has tumbled 13.12% during the past week and has dropped 12.47% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 13.82%. Synchronoss Technologies, Inc. (NASDAQ:SNCR) has underperformed the index by 14.04% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Synchronoss Technologies, Inc. (NASDAQ:SNCR) : On Friday heightened volatility was witnessed in Synchronoss Technologies, Inc. (NASDAQ:SNCR) which led to swings in the share price. The stock opened for trading at $32.89 and hit $34.19 on the upside , eventually ending the session at $33.97, with a gain of 4.3% or 1.4 points. The heightened volatility saw the trading volume jump to 1,186,521 shares. The 52-week high of the share price is $49.94 and the company has a market cap of $1,540 million. The 52-week low of the share price is at $22 .
Synchronoss Technologies Last issued its quarterly earnings results on Nov 7, 2016. The company reported $0.68 EPS for the quarter, beating the analyst consensus estimate by $ 0.01. Analyst had a consensus of $0.67. The company had revenue of $180.98 million for the quarter, compared to analysts expectations of $177.87 million. The companys revenue was up 19.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 EPS.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Synchronoss Technologies was Initiated by JP Morgan on Jan 25, 2017 to Overweight, Price Target of the shares are set at $65.
Company has reported several Insider transactions to the SEC, on Feb 3, 2017, Stephen G Waldis (Executive Chairman) sold 8,265 shares at 39.00 per share price.On Feb 3, 2017, Karen Rosenberger (EVP & Chief Financial Officer) sold 2,162 shares at 39.00 per share price.On Feb 3, 2017, Ronald Prague (General Counsel) sold 924 shares at 39.00 per share price.
SYNCHRONOSS TECHNOLOGIES is the premier provider of on-demand transaction management software to Tier One communications service providers. Synchronoss enables service providers to drive growth in new and existing markets while delivering an improved customer experience at lower costs. The companys flagship ActivationNow and ConvergenceNow software platforms automate, synchronize and simplify electronic service creation and management of advanced wireline, wireless and IP services across existing networks.