Synchronoss Technologies (SNCR) Receiving Somewhat Favorable Press Coverage, Accern Reports
News articles about Synchronoss Technologies (NASDAQ:SNCR) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Synchronoss Technologies earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news coverage about the software maker an impact score of 46.528550379637 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- Most Shocking Stock Movements: Synchronoss Technologies, Inc. (SNCR), Ampio Pharmaceuticals, Inc. (AMPE) – Market Movers (financialqz.com)
- Synchronoss Technologies (SNCR) Names Glenn Lurie as CEO – StreetInsider.com (streetinsider.com)
- Synchronoss Technologies, Inc. Reports Inducement Grants to CEO Glenn Lurie Under Nasdaq Listing Rule 5635(c)(4) – Business Wire (press release) (businesswire.com)
- Synchronoss Appoints New CEO (lightreading.com)
Shares of Synchronoss Technologies (NASDAQ:SNCR) traded down $0.07 during mid-day trading on Friday, reaching $10.38. The company had a trading volume of 664,649 shares, compared to its average volume of 1,522,744. Synchronoss Technologies has a 1 year low of $8.71 and a 1 year high of $49.94. The stock has a market cap of $481.35, a P/E ratio of 6.59 and a beta of 1.62.
Several research analysts have recently commented on SNCR shares. Zacks Investment Research lowered Synchronoss Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. Deutsche Bank AG reissued a “hold” rating and issued a $18.00 price target (up from $10.00) on shares of Synchronoss Technologies in a research report on Monday, October 9th. BidaskClub lowered Synchronoss Technologies from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 9th. Raymond James Financial, Inc. downgraded Synchronoss Technologies from an “outperform” rating to an “underperform” rating and set a $18.00 target price on the stock. in a research note on Tuesday, September 19th. Finally, Stifel Nicolaus restated a “hold” rating and set a $10.00 target price (down from $16.00) on shares of Synchronoss Technologies in a research note on Wednesday, September 20th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. Synchronoss Technologies currently has an average rating of “Hold” and a consensus target price of $18.71.
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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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