Synchronoss Technologies Stock (NASDAQ: SNCR)

Synchronoss Technologies (NASDAQ:SNCR) Stock

Synchronoss Technologies

Synchronoss Technologies Inc is a leading provider of white-label cloud, messaging, digital and network management solutions that enable its customers to keep subscribers, systems, networks and content in sync. The Synchronoss Personal CloudTM solution is designed to create an engaging and trusted customer experience through ongoing content management and engagement. The Synchronoss Personal CloudTM platform is a secure and highly scalable, white-label platform that allows its customers' subscribers to backup and protect, engage with, and manage their personal content. The company derives revenue from subscriptions and transaction-based fees. A majority of the firm's revenue is generated in the United States, and the rest is from countries across the world.

October,29,,2021,,Brazil.,In,This,Photo,Illustration,The,Meta

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Meta, Cisco And 2 Other Stocks Executives Are Selling

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Analyst Ratings

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AEYE

APPN

VTEX

Appian (NASDAQ: APPN) is expanding its footprint into Japan with the recently announced collaboration with Outsourcing Technology of Japan (OSTech).

Appian Expands Into Japan With OSTech Collaboration

Earnings

SHOP

Synchronoss Technologies (NASDAQ: SNCR) is set to release its second-quarter 2024 results on Aug 6.

The Zacks Consensus Estimate for the top line is currently pegged at $43.09 million, indicating a 27.84% decline from the year-ago quarter&#39;s reported figure.

Synchronoss to Report Q2 Earnings: What&#39;s in Store?

Synchronoss Technologies, Inc. - Common Stock

Synchronoss Technologies Inc

Synchronoss Technologies, Inc. - 8.375% Senior Notes due 2026

Synchronoss Debuts Enhanced Personal Cloud Platform At CES 2025; Expanded AI Tools And Improved Interface Now Offered Through Global Carriers Including AT&T, Verizon, And SoftBank

Contracts

Synchronoss Technologies Announced A 3-Year Contract Extension With A Leading U.S. Telecom Provider; Terms Not Disclosed

Roth MKM analyst Richard Baldry upgrades Synchronoss Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNCR#NASDAQ">SNCR</a>) from Neutral to Buy and raises the price target from $11 to $13.

Upgrades

Price Target

Roth MKM Upgrades Synchronoss Technologies to Buy, Raises Price Target to $13

WIIM

Synchronoss Technologies shares are trading lower after the company reported worse-than-expected Q3 financial results.

Synchronoss Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNCR#NASDAQ">SNCR</a>) raises FY2024 sales outlook from $170.00 million-175.00 million to $172.00 million-175.00 million.

Synchronoss Technologies Raises FY2024 Sales Guidance from $170.00M-175.00M to $172.00M-$175.00M

Synchronoss Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNCR#NASDAQ">SNCR</a>) reported quarterly losses of $(0.26) per share which missed the analyst consensus estimate of $0.32 by 181.25 percent. This is a 174.29 percent decrease over earnings of $0.35 per share from the same period last year. The company reported quarterly sales of $42.96 million which missed the analyst consensus estimate of $43.28 million by 0.73 percent. This is a 7.98 percent increase over sales of $39.79 million the same period last year.

Earnings Misses

Synchronoss Technologies Q3 Adj $(0.26) Misses $0.32 Estimate, Sales $42.96M Miss $43.28M Estimate

Synchronoss Extends Partnership With Major French Operator For Three Years, Continuing To Provide AI-Enhanced Personal Cloud Solutions To Over 27M Users

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Earnings Scheduled For November 12, 2024

The Nasdaq 100 closed lower by over 300 points during Thursday's session. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Synchronoss Technologies</h3>
<ul>
<li>The Trade: Synchronoss Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNCR#NASDAQ">SNCR</a>) 10% owner Bryant R Riley <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 12,210 shares</a> at an average price of $12.82. The insider received around $156,494 from selling those shares.</li>
<li>What's Happening: On Aug. 6, Synchronoss Technologies posted better-than-expected quarterly earnings.</li>
<li>What Synchronoss Technologies Does: Synchronoss Technologies Inc is a leading provider of white-label cloud, messaging, digital and network management solutions that enable its customers to keep subscribers, systems, networks and content in sync.</li>
<li>Benzinga Pro's real-time newsfeed alerted to latest <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082324&amp;t=be2bearmibe3na1">SNCR news.</a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="897" height="828" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23052026/image-213.png" alt="" class="wp-image-510249" style="width:583px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23052026/image-213.png 897w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23052026/image-213-300x277.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23052026/image-213-768x709.png 768w" sizes="(max-width: 897px) 100vw, 897px" /></a></figure>
<h3 class="wp-block-heading">Meta Platforms</h3>
<ul>
<li>The Trade: Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) Chief Legal Officer Jennifer Newstead <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 905 shares</a> at an average price of $528.38. The insider received around $478,184 from selling those shares.</li>
<li>What's Happening: Meta's social media platform Threads is reportedly exploring the integration of advertisements to generate revenue. However, the company has stated that it is not currently testing ads in Threads and has no immediate plans for monetization.</li>
<li>What Meta Platforms Does: Meta is the world&#8217;s largest online social network, with nearly 4 billion family of apps monthly active users.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082324&amp;t=be2bearmibe3na1">trend in META stock</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="911" height="836" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23062007/image-215.png" alt="" class="wp-image-510350" style="width:642px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23062007/image-215.png 911w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23062007/image-215-300x275.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23062007/image-215-768x705.png 768w" sizes="(max-width: 911px) 100vw, 911px" /></a></figure>
<h3 class="wp-block-heading">Cisco</h3>
<ul>
<li>The Trade: Cisco Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) EVP, Operations Thimaya K. Subaiya <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 8,270 shares</a> at an average price of $50.33. The insider received around $416,248 from selling those shares.</li>
<li>What's Happening: On Aug. 14, Cisco reported fiscal fourth-quarter revenue of $13.64 billion, beating the consensus estimate of $13.537 billion.</li>
<li>What Cisco Does: Cisco Systems is the largest provider of networking equipment in the world and one of the largest software companies in the world.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082324&amp;t=be2bearmibe3na1"> breakout in CSCO shares</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="875" height="817" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23062440/image-218.png" alt="" class="wp-image-510366" style="width:539px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23062440/image-218.png 875w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23062440/image-218-300x280.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23062440/image-218-768x717.png 768w" sizes="(max-width: 875px) 100vw, 875px" /></a></figure>
<h3 class="wp-block-heading">LyondellBasell Industries</h3>
<ul>
<li>The Trade: LyondellBasell Industries N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYB#NYSE">LYB</a>) EVP, Ops Excellence, HSE Dale D Friedrichs <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 4,970 shares</a> at an average price of $96.78. The insider received around $480,997 from selling those shares.</li>
<li>What's Happening: On Aug. 22, LyondellBasell entered into an agreement to acquire full ownership of APK AG in Merseburg, Germany.</li>
<li>What LyondellBasell Industries Does: LyondellBasell is a petrochemical producer with operations in the United States, Europe, and Asia.</li>
<li>Benzinga Pro&#8217;s earnings calendar was used to track upcoming <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082324&amp;t=be2bearmibe3na1">LYB&#8217;s earnings reports</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="873" height="822" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23062240/image-217.png" alt="" class="wp-image-510356" style="width:614px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23062240/image-217.png 873w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23062240/image-217-300x282.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23062240/image-217-768x723.png 768w" sizes="(max-width: 873px) 100vw, 873px" /></a></figure>
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<li><a href="https://www.benzinga.com/news/earnings/24/08/40521881/nasdaq-s-p-500-close-lower-as-investors-await-jerome-powells-jackson-hole-address-fear-greed-index-">Nasdaq, S&amp;P 500 Close Lower As Investors Await Jerome Powell&#8217;s Jackson Hole Address: Fear &amp; Greed Index Stays In &#8216;Neutral&#8217; Zone</a></li>
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Appian (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/appn#NASDAQ">APPN</a>) is expanding its footprint into Japan with the recently announced collaboration with Outsourcing Technology of Japan (OSTech).
The partnership aims to achieve efficiency improvements in its business through process automation and low-code development on the Appian Platform.
OSTech expects to reduce the workload by approximately 25% through the Appian platform as it helps eliminate data silos and enables end-to-end visualization, integration, and automation of business processes across systems.
The collaboration helps Protrude, OSTech&#39;s dedicated IT integration services, offer enhanced process and digital transformation on the Appian Platform, focusing on BPMS and process automation.
<h3>APPN Stock Suffers From Sluggish Cloud Growth</h3>
Appian&#39;s shares declined 17.6% year to date, underperforming the Zacks Internet Software industry&#39;s return of 13.5% and the Zacks Computer and Technology sector&#39;s 20.8%.
<div class="chart_embed">
<h3>Appian Corporation Price and Consensus</h3>
<img alt="Appian Corporation Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/b7/1724072816.png" style="height:265px; width:620px" title="" />
Appian Corporation price-consensus-chart | Appian Corporation Quote
APPN shares have suffered from sluggish growth expectations for cloud revenue and total revenues. It expects cloud subscription revenues between $358 million and $360 million, suggesting year-over-year growth of 18%. Total revenues are now expected between $610 million and $615 million, indicating year-over-year growth in the 12%-13% range.
The Zacks Consensus Estimate for 2024 total revenues is pegged at $613.54 million, indicating 12.5% growth over 2023.
However, Appian now expects adjusted EBITDA to improve $20 million from its previous guidance. It now expects adjusted EBITDA between negative $3 million and $3 million.
Appian&#39;s expanding clientele is expected to boost top-line and bottom-line growth. It has been strengthening its government footprint with its Government Acquisition Management suite. In the first half of 2024, GAM bookings more than doubled.
The addition of ProcureSight, an AI-driven website that consolidates major public procurement datasets, is expected to help GAM maintain its momentum.
The latest collaboration with OSTech enhances Appian&#39;s international footprint. International operations contributed 38% of total revenues in the second quarter of 2024.
</div>
<h3>Zacks Rank &amp; Stocks to Consider</h3>
Appian currently has a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader technology sector are AudioEye (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aeye#NASDAQ">AEYE</a>), VTEX (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vtex#NYSE">VTEX</a>), and Synchronoss (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sncr#NASDAQ">SNCR</a>). Each of the three stocks sports a Zacks Rank #1 (Strong Buy) at present.
AudioEye shares have gained 312% in the year-to-date period.
VTEX shares have gained 7.1% year to date.
Synchronoss shares have gained 89.9% in the year-to-date period.
<a href="https://www.zacks.com/stock/news/2323866/appian-appn-expands-into-japan-with-ostech-collaboration?cid=CS-BENZ-FT-analyst_blog|company_news_tech_sector-2323866">To read this article on Zacks.com click here.</a>

Synchronoss Technologies shares are trading higher on possible continued momentum after the company reported better-than-expected Q2 financial results this week.

<ul>
<li>The Company now expects adjusted Gross Margin of between&nbsp;73%-77%&nbsp;(previously&nbsp;70%-75%);</li>
<li>The Company now expects adjusted EBITDA of between&nbsp;$43 million&nbsp;and&nbsp;$46 million&nbsp;(previously&nbsp;$42 million&nbsp;to&nbsp;$45 million), which equals at least&nbsp;25%&nbsp;adjusted EBITDA margin.</li>
</ul>

Synchronoss Reiterates FY24 Revenue Outlook Of $170M - $175M (Est $173.295M)

Synchronoss Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNCR#NASDAQ">SNCR</a>) reported quarterly earnings of $0.48 per share which beat the analyst consensus estimate of $0.07 by 585.71 percent. This is a 206.67 percent increase over losses of $(0.45) per share from the same period last year. The company reported quarterly sales of $43.458 million which beat the analyst consensus estimate of $43.138 million by 0.74 percent. This is a 5.95 percent increase over sales of $41.019 million the same period last year.

Earnings Beats

Synchronoss Technologies Q2 2024 Adj. EPS $0.48 Beats $0.07 Estimate, Sales $43.458M Beat $43.138M Estimate

Synchronoss Technologies (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sncr#NASDAQ">SNCR</a>) is set to release its second-quarter 2024 results on Aug 6.
The Zacks Consensus Estimate for the top line is currently pegged at $43.09 million, indicating a 27.84% decline from the year-ago quarter&#39;s reported figure.
The consensus mark for earnings is pegged at 7 cents per share, unchanged in the past 30 days.
Quarterly earnings beat the Zacks Consensus Estimate in three of the trailing four quarters while missing the same on one occasion, the average surprise being 28.82%.
<div class="chart_embed">
<h3>Synchronoss Technologies, Inc. Price and EPS Surprise</h3>
<img alt="Synchronoss Technologies, Inc. Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/74/1722444033.png" style="height:307px; width:620px" title="" />
Synchronoss Technologies, Inc. price-eps-surprise | Synchronoss Technologies, Inc. Quote
Let&#39;s see how things have shaped up prior to this announcement.
</div>
<h3>Factors to Note</h3>
SNCR is expected to have benefited from its expanding cloud subscriber base, with expectations in the high single-digit to low double-digit range throughout 2024. Cloud subscriber growth was nearly 7% year over year in first-quarter 2024.
Synchronoss&#39; transition to a cloud-only business model streamlined operations and enhanced its financial profile. This focus on high-margin personal cloud services is expected to have continued driving top-line growth and profitability in the to-be-reported quarter.
The introduction of auto-scaling capabilities and enhanced plans within the Synchronoss Personal Cloud Platform in first-quarter 2024 is expected to have driven operational and financial efficiency in the second quarter.
Auto-scaling, which optimizes resource usage and reduces costs, and enhanced plans that offer flexibility to telecom operators, are expected to have driven subscriber growth and retention in the quarter under review.
Strengthening international footprint is expected to have boosted SNCR&#39;s performance in the to-be-reported quarter.
The launch of Anshin Data Box in partnership with SoftBank to expand its global footprint into the Japanese market and showcase the adaptability and appeal of its Personal Cloud offerings in the global marketplace is noteworthy. The benefits of this partnership are expected to have been reflected in the to-be-reported quarter.
Partnerships with AT&amp;T (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/t#NYSE">T</a>) and Verizon Communications (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vz#NYSE">VZ</a>) to enhance its cloud solutions are expected to have continued aiding Synchronoss&#39; prospects. Cloud revenues, which contributed 99% to the company&#39;s total revenues, rose 3% year over year in fourth-quarter 2023.
SNCR&#39;s cloud solutions enable AT&amp;T Personal Cloud, enhancing subscriber experiences and facilitating seamless content transfer and backup for AT&amp;T Mobility wireless customers. This is expected to have boosted SNCR&#39;s clientele.
Its ongoing partnership with Verizon, focusing on continued innovation in cloud services, leveraging AI and machine learning for enhanced user experience and content management, is likely to have acted as growth driver in the quarter under review.
However, SNCR might face challenges in the next quarter due to the anticipated impact of the remaining $28 million federal tax refund process and the continued burden of debt repayment.
<h3>What Our Model Says</h3>
Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that&#39;s not the case here.
Synchronoss Technologies has an Earnings ESP of +0.00% and a Zacks Rank #2 (Buy) currently.
<h3>Stocks to Consider</h3>
Here are some companies worth considering, as our model shows that these have the right combination of elements to beat on earnings in their upcoming releases:
Shopify (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/shop#NYSE">SHOP</a>) has an Earnings ESP of +7.78% and a Zacks Rank #2.
Shopify&#39;s shares have declined 23.2% year to date. SHOP is set to report its second-quarter 2024 results on Aug 7.
<a href="https://www.zacks.com/stock/news/2313427/synchronoss-sncr-to-report-q2-earnings-what-s-in-store?cid=CS-BENZ-FT-analyst_blog|earnings_preview-2313427">To read this article on Zacks.com click here.</a>

Synchronoss to Report Q2 Earnings: What's in Store?

<a href="https://www.globenewswire.com/Tracker?data=9nn00rtZmDQDE277besSlsv6Z7pZiC1wf57WwtkFgkSftl_kIONhJ7VRL5BRFsiFd5c6xjr0833gCS8FLMwNWp80w5ZqRO0-s71voaPvNqjJz5105qpB5FJnMnYS0uB0wLpZsyg876YuoC0Y45Xh0Q==">Synchronoss Technologies Inc.</a> ("Synchronoss" or the "Company") (NASDAQ:<a href="https://www.benzinga.com/stock/SNCR#NASDAQ">SNCR</a>), a global leader and innovator in Personal Cloud platforms, is set to join the Russell Microcap&#xAE; Index at the conclusion of the 2024 Russell US Indexes annual reconstitution, effective after the US market opens today, July 1.

Synchronoss Technologies Joins Russell Microcap Index

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Shares of software stocks are trading higher amid tech strength following April CPI data.

Synchronoss Technologies shares are trading higher after the company reported better-than-expected Q1 financial results.

<h3>Gainers</h3>
<ul>
<li>DZS (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DZSI#NASDAQ">DZSI</a>) stock rose 33.3% to $1.8 during Wednesday's regular session. The market value of their outstanding shares is at $67.6 million. </li>
<li>Nvni Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVNI#NASDAQ">NVNI</a>) shares rose 30.28% to $1.85. The company's market cap stands at $52.9 million. </li>
<li>Veritone (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERI#NASDAQ">VERI</a>) shares increased by 26.77% to $4.22. The company's market cap stands at $159.1 million. As per the news, the Q1 earnings report came out yesterday. </li>
<li>Synchronoss Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNCR#NASDAQ">SNCR</a>) stock rose 25.25% to $8.61. The company's market cap stands at $88.7 million. The company's, Q1 earnings came out yesterday. </li>
<li>Kyndryl Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KD#NYSE">KD</a>) shares moved upwards by 22.86% to $25.52. The company's market cap stands at $5.8 billion. The company's, Q4 earnings came out yesterday. </li>
<li>Alpha &amp; Omega (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AOSL#NASDAQ">AOSL</a>) stock rose 19.47% to $26.62. The market value of their outstanding shares is at $752.7 million. As per the news, the Q3 earnings report came out yesterday. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>DoubleVerify Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DV#NYSE">DV</a>) stock fell 39.4% to $18.54 during Wednesday's regular session. The company's market cap stands at $3.1 billion. As per the news, the Q1 earnings report came out yesterday. </li>
<li>Rapid7 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RPD#NASDAQ">RPD</a>) stock decreased by 17.49% to $37.79. The company's market cap stands at $2.3 billion. As per the press release, Q1 earnings came out yesterday. </li>
<li>Crexendo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CXDO#NASDAQ">CXDO</a>) stock fell 13.55% to $4.02. The company's market cap stands at $105.6 million. The company's, Q1 earnings came out yesterday. </li>
<li>Upland Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPLD#NASDAQ">UPLD</a>) shares decreased by 10.42% to $3.01. The company's market cap stands at $83.0 million. As per the press release, Q1 earnings came out 4 days ago. </li>
<li>Corsair Gaming (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRSR#NASDAQ">CRSR</a>) stock decreased by 9.23% to $10.68. The company's market cap stands at $1.1 billion. The company's, Q1 earnings came out yesterday. </li>
<li>WiSA Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WISA#NASDAQ">WISA</a>) shares decreased by 8.72% to $3.56. The market value of their outstanding shares is at $9.8 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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The Company also maintains its expectation for adjusted EBITDA to range between&nbsp;$42.0 million&nbsp;and&nbsp;$45.0 million&nbsp;in 2024.
Synchronoss anticipates the continuation of positive trends it experienced with its customers throughout 2023 and in the&nbsp;first quarter&nbsp;of 2024.&nbsp;

Synchronoss Maintains Its Expectation For FY24 Revenue To Range $170M-$175M, Est $171.567M

Synchronoss Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNCR#NASDAQ">SNCR</a>) reported quarterly earnings of $0.44 per share which beat the analyst consensus estimate of $(0.50) by 188 percent. This is a 163.77 percent increase over losses of $(0.69) per share from the same period last year. The company reported quarterly sales of $42.965 million which beat the analyst consensus estimate of $41.680 million by 3.08 percent. This is a 25.55 percent decrease over sales of $57.708 million the same period last year.

Synchronoss Technologies Q1 2024 Adj EPS $0.44 Beats $(0.50) Estimate, Sales $42.965M Beat $41.680M Estimate

Press Releases

Synchronoss Technologies to Present at the Sidoti Virtual Investor Conference

Events

Sidoti Events, LLC's Virtual August Micro-Cap Conference

General

Synchronoss Introduces Enhanced Version of Flagship Personal Cloud Platform for Service Providers

Synchronoss Technologies Announces Third Quarter 2024 Earnings Call Date

Synchronoss Renews Partnership with Major French Operator

Synchronoss Technologies Reports Third Quarter 2024 Results

Synchronoss Technologies to Present at Upcoming Investor Conferences

Synchronoss Announces Three-Year Contract Extension with Major U.S Telecom Provider

Synchronoss Launches Enhanced Version of Personal Cloud Solution at CES 2025 Purpose-Built for Service Providers

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