Synchronoss Technologies (SNCR) Earning Somewhat Positive Media Coverage, Accern Reports
Headlines about Synchronoss Technologies (NASDAQ:SNCR) have been trending somewhat positive this week, Accern reports. The research firm identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public 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 0.21 on Accern’s scale. Accern also gave news stories about the software maker an impact score of 45.8274181866399 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern’s analysis:
- Synchronoss Technologies, Inc. (SNCR) Receives Average Recommendation of “Hold” from Brokerages – The Momentous News (momentousnews.com)
- Focusing on the Charts For Synchronoss Technologies Inc (SNCR) – Danville Daily (danvilledaily.com)
- Synchronoss Technologies, Inc. (SNCR) Receives Average Recommendation of “Hold” from Brokerages (americanbankingnews.com)
- Stock Price Performance Review for Synchronoss Technologies, Inc. (NASDAQ:SNCR) – Jonesboro Recorder (jonesbororecorder.com)
- Is Synchronoss Technologies Inc (SNCR) Ready For a Pullback? RMI in Focus – Evergreen Caller (evergreencaller.com)
Shares of Synchronoss Technologies (SNCR) traded down 2.17% on Monday, hitting $16.23. 138,865 shares of the stock traded hands. The company has a market cap of $713.84 million, a PE ratio of 36.07 and a beta of 1.74. Synchronoss Technologies has a one year low of $10.11 and a one year high of $49.94. The stock has a 50 day moving average of $15.13 and a 200 day moving average of $22.25.
Several equities research analysts recently issued reports on the stock. UBS AG cut shares of Synchronoss Technologies from a “strong-buy” rating to an “outperform” rating in a report on Thursday, April 27th. Stifel Nicolaus restated a “hold” rating and issued a $16.00 target price on shares of Synchronoss Technologies in a report on Friday, June 23rd. Drexel Hamilton cut shares of Synchronoss Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, June 14th. Zacks Investment Research upgraded shares of Synchronoss Technologies from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, Credit Suisse Group cut shares of Synchronoss Technologies from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $45.00 to $13.00 in a report on Thursday, April 27th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $27.71.
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About Synchronoss Technologies
Synchronoss Technologies, Inc is a global software and services company, which provides technologies and services for the mobile transformation of business. The Company’s portfolio in the Consumer and Enterprise markets contains offerings, such as personal cloud, secure-mobility, identity management and scalable messaging platforms, products and solutions.
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