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Synchronoss Technologies Inc - SNCR STOCK NEWS

Welcome to our dedicated news page for Synchronoss Technologies (Ticker: SNCR), a resource for investors and traders seeking the latest updates and insights on Synchronoss Technologies.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Synchronoss Technologies's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Synchronoss Technologies's position in the market.

News
Synchronoss Technologies Reports Fourth Quarter and Full Year 2023 Results
Rhea-AI Summary
Synchronoss Technologies Inc. completes strategic transformation focusing on Cloud, launches SoftBank Personal Cloud, exceeds Q4 revenue expectations, and reaffirms 2024 guidance with positive financial results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.11%
Tags
earnings
-
News
Synchronoss Technologies to Report Fourth Quarter and Full Year 2023 Financial Results on Tuesday, March 12, 2024 at 4:30 p.m. ET
Rhea-AI Summary
Synchronoss Technologies, Inc. will discuss its financial results for Q4 and full year 2023 in a conference call on March 12, 2024. The call will be hosted by Synchronoss management with a Q&A session. Registration details are provided for interested participants.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.7%
Tags
conferences earnings
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News
Synchronoss to Unveil New Version of AI-Powered Personal Cloud Platform at Mobile World Congress
Rhea-AI Summary
Synchronoss Technologies, Inc. announces the latest version of Synchronoss Personal Cloud at Mobile World Congress, featuring new AI photo editing tools and a streamlined onboarding process. The platform offers Enhanced Plans for operators to customize services, monetize upgrades, and increase user engagement. Genius AI capabilities have been enhanced to transform photos and improve user experience. The platform also includes BackTrack for file restoration and Advanced Highlights for personalized photo management.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-20.83%
Tags
AI
News
Synchronoss Successfully Completes Post-Divestiture Cost Removals, Resulting in Approximately $15 Million in Annual Savings
Rhea-AI Summary
Synchronoss Technologies, Inc. expects to report revenue and adjusted EBITDA meeting or exceeding the upper end of previously communicated guidance ranges for 2023. The company completed the consolidation of its standalone Cloud operations, removing $15 million in annualized costs. Management anticipates exceeding its 2023 financial guidance, with total revenue and adjusted EBITDA expected to surpass initial projections. The strategic divestiture of non-core assets in 2023 led to further cost reductions and streamlined operations. Looking ahead to 2024, Synchronoss projects total revenue growth between 5% and 8%, gross margins exceeding 75%, and adjusted EBITDA margins surpassing 25%. The CEO highlighted the successful transition to a Cloud solutions software provider, emphasizing improved cash flow generation and enhanced financial stability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
26.2%
Tags
none
-
News
Synchronoss Regains Compliance with Nasdaq Minimum Bid Price Requirement
Rhea-AI Summary
Synchronoss Technologies, Inc. (SNCR) has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) for continued listing on the Nasdaq Capital Market, after having a closing bid price over $1.00 for over eleven consecutive business days from December 11 through December 26.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.45%
Tags
none
-
News
Synchronoss Completes Cloud-Only Transformation, Reaffirms 2023 and 2024 Financial Projections
Rhea-AI Summary
Synchronoss Technologies, Inc. (SNCR) completes its cloud-only transformation, expecting positive cash flow in 2023 and projecting 5-8% revenue growth, gross margins >75%, and adjusted EBITDA margins >25% in 2024. The company aims for significant cost savings and increased free cash flow generation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.92%
Tags
none
News
Synchronoss Technologies Board Appoints 180 Degree Capital’s Kevin Rendino as New Director
Rhea-AI Summary
Synchronoss Technologies, Inc. (SNCR) appoints Kevin Rendino, a respected financial services leader, as a new director. With three decades of Wall Street experience, Rendino brings extensive expertise in capital markets, value investing, and corporate governance, making him a valuable addition to the board.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.85%
Tags
management
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News
Synchronoss Technologies Reports Third Quarter 2023 Results
Rhea-AI Summary
SNCR Completes Sale of Messaging and NetworkX Businesses, Realizes Multi-Year Strategy of Cloud-Only Operating Model
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-16.28%
Tags
earnings
-
News
Synchronoss Announces Sale of Messaging and NetworkX Businesses to Lumine Group as Part of Ongoing Strategic Alternatives Review Process
Rhea-AI Summary
Synchronoss Technologies, Inc. has announced the sale of its Messaging and NetworkX businesses to Lumine Group Inc. for up to $41.8 million. The transaction is part of Synchronoss' strategic alternatives review process and aims to maximize shareholder value. The sale will enable Synchronoss to focus solely on its cloud business, improving operating margins and cash flows. The proceeds will also be used to redeem a portion of the Company's outstanding preferred stock. Synchronoss expects gross margins of over 70% and adjusted EBITDA margins of over 25% by the end of fiscal year 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.35%
Tags
none
News
Synchronoss Technologies to Report Third Quarter 2023 Financial Results on Tuesday, November 7, 2023 at 4:30 p.m. ET
Rhea-AI Summary
Synchronoss Technologies, Inc. will hold a conference call on November 7, 2023, to discuss its financial results for Q3 2023. The call will be hosted by Synchronoss management and will include a question-and-answer period. Registration is required to access the webcast and dial-in numbers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.35%
Tags
conferences earnings
Stock SNCR logo
Synchronoss Technologies Inc

Nasdaq:SNCR

SNCR Rankings

#4541 Ranked by Market Cap
#4939 Ranked by Stock Gains
N/A Ranked by Dividends

SNCR Stock Data

77.34M
9.00M
8.75%
54.1%
2.32%
Custom Computer Programming Services
Professional, Scientific, and Technical Services
Link
US
Bridgewater

About SNCR

synchronoss technologies (nasdaq: sncr) is the mobile innovation leader that provides personal cloud solutions and software-based activation for connected devices across the globe. the company’s proven and scalable technology solutions allow customers to connect, synchronize and activate connected devices and services that empower enterprises and consumers to live in a connected world. for more information visit us at: web: www.synchronoss.com twitter: http://twitter.com/synchronoss