Synchronoss Technologies (SNCR) Getting Somewhat Favorable Media Coverage, Analysis Finds

Media stories about Synchronoss Technologies (NASDAQ:SNCR) have trended somewhat positive recently, according to Accern. The research firm ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Synchronoss Technologies earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave headlines about the software maker an impact score of 44.8887863536237 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the news headlines that may have impacted Accern Sentiment’s scoring:

Several research firms have recently commented on SNCR. Raymond James Financial, Inc. cut shares of Synchronoss Technologies from an “outperform” rating to an “underperform” rating and set a $18.00 price target on the stock. in a research note on Tuesday, September 19th. BidaskClub raised shares of Synchronoss Technologies from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 17th. Zacks Investment Research raised shares of Synchronoss Technologies from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Stifel Nicolaus reissued a “hold” rating and set a $16.00 price target on shares of Synchronoss Technologies in a research note on Friday, June 23rd. Finally, Deutsche Bank AG reissued a “hold” rating and set a $18.00 price target (up from $10.00) on shares of Synchronoss Technologies in a research note on Monday. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. Synchronoss Technologies presently has an average rating of “Hold” and an average price target of $18.71.

Shares of Synchronoss Technologies (NASDAQ SNCR) traded down 0.14% during trading on Thursday, reaching $14.34. 339,026 shares of the company’s stock were exchanged. Synchronoss Technologies has a 52-week low of $8.71 and a 52-week high of $49.94. The stock’s 50 day moving average price is $13.77 and its 200-day moving average price is $16.12. The stock has a market cap of $630.72 million, a PE ratio of 31.87 and a beta of 1.61.

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Synchronoss Technologies Company Profile

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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