Stock on Focus: Synchronoss Technologies, Inc. (SNCR)

Company Profile:

Synchronoss Technologies, Inc. provides cloud solutions and software-based activation for mobile carriers, enterprises, retailers, and original equipment manufacturers (OEMs) worldwide. The Company operates in providing cloud solutions and software-based activation for connected devices segment. Its software provides consumer and enterprise solutions for transactions on a range of connected devices across the world’s networks. The Company’s solutions include activation and provisioning software for devices and services, cloud-based sync, backup, storage and content engagement capabilities, broadband connectivity solutions, analytics, identity/access management and secure mobility management. Synchronoss Technologies, Inc. was founded in 2000 and is headquartered in Bridgewater, New Jersey.

Recent News:

The company will report its fourth quarter 2016 financial results after the U.S. financial markets close on Wednesday, February 8, 2017 and will host a conference call on Wednesday, February 8, 2017, at 5:00 p.m. (ET) to discuss the company’s financial results.

For the third quarter of 2016, the company reported total revenue: $176.4 million GAAP compared to $150.9 million in the third quarter of 2015. $181.0 million non-GAAP compared to $151.3 million in the third quarter of 2015. Net Income attributable to Synchronoss: $7.7 million GAAP compared to $9.6 million in the third quarter of 2015.

On Jan.19, 2017, the company has successfully completed its tender offer to acquire all outstanding shares of Intralinks Holdings, Inc. (IL) at a price of $13.00 per share in cash, without interest and subject to any required withholding taxes.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

SNCR’s strengths can be seen in its better growth and better profitability compared with its peers. Its revenue has increased over several years. Technical indicators signal the bullish signs, as there is a bullish cross in MACD and Stochastic Oscillator and RSI stands at 46.61 with positive bias. We rate Synchronoss Technologies, Inc. (SNCR) a STRONG BUY.

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