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Stock impact report

Synchronoss Stock Falls as Q3 Earnings & Revenues Miss Estimates [Yahoo! Finance]

Synchronoss Technologies, Inc. (SNCR) 
Last synchronoss technologies, inc. earnings: 3/9 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: synchronoss.com/company/investor-relations
Company Research Source: Yahoo! Finance
SNCR had reported earnings of 35 cents in the year-ago quarter. Net revenues of $43 million increased 8% year over year and missed the Zacks Consensus Estimate by 0.79%. Following the results, SNCR shares fell 4.65% in the pre-market trading. However, Synchronoss' stock has gained 78.3% against the Zacks Computer and Technology sector's rise of 30.1% in the year-to-date period. Synchronoss Technologies, Inc. price-consensus-eps-surprise-chart | Synchronoss Technologies, Inc. Quote Total revenues in the third quarter increased to $43 million from $39.8 million in the previous period, driven by a 5.1% increase in cloud subscriber growth. Quarterly recurring revenues represented 92.2% of total revenues, up from 89.5% in the prior-year period. SNCR inked a 3-year extension with SFR to continue offering its Personal Cloud storage platform to their 27 million subscribers. Synchronoss introduced the latest version of its Personal Cloud platform, including several enhanced featu Show less Read more
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