Synchronoss Technologies, Inc. (NASDAQ:SNCR) is reporting third quarter financial results on Monday 9th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, SNCR is expected to report 3Q20 loss of $ 0.25 per share from revenue of $ 70.32 million.
For the full year, analysts anticipate top line of $ 296.81 million, while looking forward to loss of $ 0.21 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 320.00 million ~ $ 340.00 million
Click Here For More Historical Outlooks Of Synchronoss Technologies, Inc.
Previous Quarter Performance
Synchronoss Technologies, Inc. came out with income for the second quarter of $ 0.16 per share, from the revenue of $ 76.53 million. The quarterly revenues down 1.70 percent compared with the same quarter last year. Street analysts expected Synchronoss Technologies, Inc. to report loss of $ 0.21 per share on revenue of $ 75.03 million for the second quarter. The bottom line results beat street analysts by $ 0.37 or 176.19 percent, at the same time, top line results outshined analysts by $ 1.50 million or 2.00 percent.
Stock Performance
On Friday, shares of Synchronoss Technologies, Inc. has traded high as $ 2.94 and has cracked $ 2.78 on the downward trend, reaching $ 2.85 with volume of 186.30 thousand shares.
According to the previous trading day, closing price of $ 2.85, representing a 31.80 % increase from the 52 week low of $ 2.17 and a 56.07 % decrease over the 52 week high of $ 6.51.
The company has a market capital of $ 130.35 million and is part of the Technology sector and Software – Application industry.
Conference Call
Synchronoss Technologies, Inc. will be hosting a conference call at 4:30 PM eastern time on 9th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.synchronoss.com
Synchronoss Technologies, Inc. provides cloud, digital, messaging, and Internet of Things (IoT) platforms, products, and solutions in North America, Europe, the Middle East, Africa, Latin America, and the Asia Pacific. The companys platforms, products, and solutions include digital experience management platform as a service, which includes digital journey creation and journey design products that use analytics that power digital advisor products for IT and business channel owners; and cloud sync, backup, storage, device set up, content transfer, and content engagement for user generated content.
