Somewhat Favorable News Coverage Somewhat Unlikely to Affect Synchronoss Technologies (SNCR) Share Price

Headlines about Synchronoss Technologies (NASDAQ:SNCR) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Synchronoss Technologies earned a news impact score of 0.23 on Accern’s scale. Accern also assigned news headlines about the software maker an impact score of 45.1045825934301 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

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

Shares of Synchronoss Technologies (NASDAQ SNCR) traded down $0.06 during trading hours on Thursday, hitting $8.99. 1,814,900 shares of the company were exchanged, compared to its average volume of 1,467,311. The stock has a market cap of $429.87, a P/E ratio of -7.13 and a beta of 1.55. Synchronoss Technologies has a 52 week low of $8.48 and a 52 week high of $40.28.

SNCR has been the subject of several recent analyst reports. Deutsche Bank reiterated a “hold” rating and issued a $18.00 target price (up previously from $10.00) on shares of Synchronoss Technologies in a research note on Monday, October 9th. Stifel Nicolaus reiterated a “hold” rating and issued a $10.00 target price (down previously from $16.00) on shares of Synchronoss Technologies in a research note on Wednesday, September 20th. Citigroup boosted their price target on shares of Synchronoss Technologies to $10.00 and gave the stock a “hold” rating in a report on Wednesday, September 20th. Zacks Investment Research raised shares of Synchronoss Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. Finally, BidaskClub downgraded shares of Synchronoss Technologies from a “sell” rating to a “strong sell” rating in a report on Saturday, December 9th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $16.57.

COPYRIGHT VIOLATION NOTICE: This news story was first published by Community Financial News and is the sole property of of Community Financial News. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of U.S. & international copyright legislation. The original version of this news story can be viewed at https://www.com-unik.info/2017/12/28/somewhat-favorable-news-coverage-somewhat-unlikely-to-affect-synchronoss-technologies-sncr-share-price.html.

About Synchronoss Technologies

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.

Insider Buying and Selling by Quarter for Synchronoss Technologies (NASDAQ:SNCR)

What are top analysts saying about Synchronoss Technologies? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Synchronoss Technologies and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit