Last $45.95 USD
Change Today +0.455 / 1.00%
Volume 486.3K
SNCR On Other Exchanges
Symbol
Exchange
NASDAQ GS
Berlin
As of 3:53 PM 10/23/14 All times are local (Market data is delayed by at least 15 minutes).

synchronoss technologies inc (SNCR) Snapshot

Open
$46.23
Previous Close
$45.49
Day High
$47.30
Day Low
$45.45
52 Week High
10/3/14 - $47.81
52 Week Low
02/5/14 - $25.28
Market Cap
1.9B
Average Volume 10 Days
485.0K
EPS TTM
$0.73
Shares Outstanding
41.8M
EX-Date
--
P/E TM
62.7x
Dividend
--
Dividend Yield
--
Current Stock Chart for SYNCHRONOSS TECHNOLOGIES INC (SNCR)

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synchronoss technologies inc (SNCR) Details

Synchronoss Technologies, Inc. provides cloud solutions and software-based activation for connected devices worldwide. The company’s services include intelligent connectivity management and content synchronization, backup, and sharing services, as well as device and service procurement, provisioning, activation, and support services that enable communications service providers, cable operators/multi-services operators, original equipment manufacturers with embedded connectivity, multi-channel retailers, and other customers to accelerate and monetize their go-to-market strategies for connected devices. Its Activation Services, Synchronoss Personal Cloud, Synchronoss WorkSpace, and Synchronoss Integrated Life platforms provide end-to-end seamless integration between customer-facing channels/applications, communication services or devices, and back-office infrastructure-related systems and processes. The company markets and sells its services through direct sales force and strategic partners. Synchronoss Technologies, Inc. was founded in 2000 and is headquartered in Bridgewater, New Jersey.

1,401 Employees
Last Reported Date: 02/26/14
Founded in 2000

synchronoss technologies inc (SNCR) Top Compensated Officers

Founder, Executive Chairman, Chief Executive ...
Total Annual Compensation: $597.9K
President and Chief Operating Officer
Total Annual Compensation: $440.9K
Executive Vice President and President of Nor...
Total Annual Compensation: $350.0K
President of Emerging Markets and Executive V...
Total Annual Compensation: $262.2K
Senior Vice President of Product Sales & Busi...
Total Annual Compensation: $468.6K
Compensation as of Fiscal Year 2013.

synchronoss technologies inc (SNCR) Key Developments

Time Warner Cable Selects Synchronoss for its Home Security and Home Management Solutions

Synchronoss Technologies, Inc. announced that its Integrated Life Platform will be leveraged by Time Warner Cable in its home security and home management solution, IntelligentHome. Time Warner Cable's IntelligentHome service offers a full suite of "connected home" capabilities, including remote management of home security, emergency response and energy management. Time Warner Cable will utilize Synchronoss' Integrated Life Platform to streamline the sales and installation process and further ensure order accuracy for its IntelligentHome customers. Synchronoss' platform enables seamless connections regardless of a customer's device or operating platform. As the platform is device agnostic, it works with all mobile devices, including smartphones, tablets, and more.

Synchronoss Technologies Mulls Acquisitions

Synchronoss Technologies, Inc. (NasdaqGS:SNCR) is looking for acquisitions. Synchronoss Technologies, Inc. has filed a shelf registration in the amount of $230 million and expects to use the net proceeds of the note offering to repay a portion or all of the outstanding indebtedness under revolving credit facility, and for general corporate purposes, including potential acquisitions and strategic transactions.

Synchronoss Technologies, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter of 2014; Revises Earnings Guidance for the Year 2014

Synchronoss Technologies, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net revenues of $103,451,000 against $83,848,000 a year ago. Income from operations was $13,834,000 against $5,667,000 a year ago. Income before income tax expense was $13,873,000 against $5,918,000 a year ago. Net income was $8,364,000 against $3,412,000 a year ago. Diluted earnings per share were $0.20 against $0.09 a year ago. Non-GAAP revenue was $103,560,000 against $85,190,000 a year ago. Non-GAAP income from operations was $25,948,000 against $19,484,000 a year ago. Non-GAAP net income was $16,761,000 against $12,338,000 a year ago. Diluted non-GAAP net income per share was $0.41 against $0.31 a year ago. The company generated $31.4 million in adjusted cash flow from operations for the quarter. For the six months, the company reported net revenues of $201,928,000 against $162,124,000 a year ago. Income from operations was $26,190,000 against $5,868,000 a year ago. Income before income tax expense was $26,654,000 against $5,715,000 a year ago. Net income was $15,949,000 against $3,888,000 a year ago. Diluted earnings per share were $0.39 against $0.10 a year ago. Non-GAAP revenue was $202,261,000 against $164,670,000 a year ago. Non-GAAP income from operations was $50,136,000 against $35,428,000 a year ago. Non-GAAP net income was $32,636,000 against $23,271,000 a year ago. Adjusted cash flow provided by operating activities (Non-GAAP) was $20,427,000 against $33,332,000 a year ago. Diluted non-GAAP net income per share was $0.80 against $0.59 a year ago. Net cash provided by operating activities were $19,203,000 against $33,332,000 a year ago. The company’s significant cash flow generation was driven by very strong cash collections during the quarter, with DSO declining to 76 days. Purchases of fixed assets were $15,672,000 against $37,728,000 a year ago. Capital expenditures were $7.6 million or 7.4% of non-GAAP revenue. For the third quarter, the company is targeting non-GAAP revenues in the range of $117 million to $120 million, which represents year-over-year growth of approximately 30% to 33%. It is targeting non-GAAP gross margin of 61% to 62%, non-GAAP operating margins of between 24% and 25%, and non-GAAP EPS of approximately $0.43 to $0.45, assuming a tax rate of 35.5%. For the full year, based on second quarter results and outlook for the second half, the company is increasing revenue guidance and is now targeting total non-GAAP revenues in the range of $440 million to $446 million compared to previous guidance of $420 million to $430 million. This represents growth of 25% to 27% on a year-over-year basis. Excluding the impact of acquisitions, it is now raising the low end of the revenue range by $12 million, and the high end of revenue range by $8 million. From a profitability perspective, it is continuing to target non-GAAP gross margins in the 61% to 62% range, with quarter-to-quarter variability, and non-GAAP operating margins in the range of 24% to 25%. The company is increasing its non-GAAP EPS to $1.66 to $1.72, assuming a tax rate of approximately 35.5%. It is now expecting its total CapEx investment for the year to be 14% to 15% of total revenue.

 

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SNCR

Industry Average

Valuation SNCR Industry Range
Price/Earnings 52.4x
Price/Sales 4.7x
Price/Book 3.8x
Price/Cash Flow 22.7x
TEV/Sales 4.7x
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