Deutsche Bank Comments ON SNCR 4Q

Synchronoss Technologies, Inc.'s SNCR reported a strong 4Q at $51.2m/$0.21, “ahead of our $49m/$0.19 and the Street's $48.8m/$0.19,” Deutsche Bank writes. “The EPS beat benefited from higher automation rates and was in spite of a 1c dilution impact from the secondary in 4Q. We believe FY11 guidance of 27% revenue growth at the midpoint leaves some headroom, particularly as the Verizon Wireless VZ business ramps on the back of the iPhone AAPL launch as well as other smartphones with CN+ pre-installed.” Synchronoss Technologies closed Monday at $31.15.