Last $2.46 USD
Change Today -0.01 / -0.40%
Volume 26.3K
SYNC On Other Exchanges
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As of 8:10 PM 07/29/14 All times are local (Market data is delayed by at least 15 minutes).

synacor inc (SYNC) Snapshot

Open
$2.47
Previous Close
$2.47
Day High
$2.47
Day Low
$2.45
52 Week High
08/5/13 - $3.59
52 Week Low
06/17/14 - $2.12
Market Cap
67.7M
Average Volume 10 Days
34.7K
EPS TTM
$-0.11
Shares Outstanding
27.5M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for SYNACOR INC (SYNC)

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synacor inc (SYNC) Details

Synacor, Inc. provides startpages and homescreens, TV Everywhere solutions, Identity Management services, and various cloud-based services across a range of devices for cable, satellite, telecom, and consumer electronics companies in the United States, and the United Kingdom. The company’s technology allows customers to package a range of personalized, online content, and cloud-based services with their high-speed Internet, communications, television and other offerings. It also offers authentication and aggregation solutions that enable the delivery of personalized online content; and provides search and display advertising services. Further, the company offers subscriber-based services, including email and calendar solutions; security services; TV Everywhere that enables subscribers to watch free television online or utilize its authentication functionality to authorize them to watch television online; and variety package that combines content from various Internet subscription and entertainment products into a single package. Its subscriber-based services also comprise sports plus package, which combines access to various sports-related content providers; portable and non-portable music services, including download-to-own, download-to-rent, and streaming music from its content providers’ libraries; games and GamesSomnia package, such as subscriptions to online gaming services and gaming-related news sources; and Learning Edge package consisting of various educational products. The company was formerly known as CKMP, Inc. and changed its name to Synacor, Inc. in July 2001. Synacor, Inc. was founded in 1998 and is headquartered in Buffalo, New York.

373 Employees
Last Reported Date: 04/1/14
Founded in 1998

synacor inc (SYNC) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $350.0K
Co-Founder and Executive Vice President of Sa...
Total Annual Compensation: $300.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $310.0K
Chief Operating Officer
Total Annual Compensation: $350.0K
Compensation as of Fiscal Year 2013.

synacor inc (SYNC) Key Developments

Synacor Names Steve Oroszlan as Vice President of Business Development

Synacor Inc. announced the appointment of Steve Oroszlan to Vice President of Business Development. In this role, Oroszlan will be responsible for developing new business and selling into new verticals, expanding Synacor's reach and creating new revenue streams for the company, especially distribution for Synacor's new Mobile Homescreen business. Prior to Synacor, Oroszlan served as Director of Business Development for Microsoft Corporation, where he was responsible for generating digital advertising revenue from syndication, licensing and technology partnerships.

Investors Plan To Put Synacor Up For Sale

JEC Capital Partners, LLC and Ratio Capital Management B.V. plan to put Synacor, Inc. (NasdaqGM:SYNC) up for sale and had sent an open letter. The open letter said potential buyers have been met with indifference by the board because of Chairman Jordan Levy's "self-interested and civic-minded agenda to maintain the headquarters of a public technology company in Buffalo, NY." According to Business First of Buffalo, Levy declined comment this morning because he hasn't had a chance to speak with Synacor's attorney and board members. JEC Capital and Ratio Capital each recently purchased a 4.9% stake in the company, giving them an influential say on the company's future. The letter was signed by Michael Torok of JEC and Bart Kool of Ratio. Synacor were up nearly 2% to $2.58 on June 26, 2014, morning after the letter was released. Torok and Kool have other ideas. "We ask that you halt the search for a CEO and instead engage an investment banker to pursue strategic alternatives," they wrote. "We are confident that Synacor will have serious interest from multiple parties at prices far in excess of the current share price. We are also confident that the majority of Synacor's shareholders are in support of an open and formal sale process." Torok and Kook took specific issue with Synacor's cash balance, R&D spend, corporate communications and the board's "inexplicable decision to announce a CEO transition publicly with no succession plan and its decision to give the outgoing CEO an above-market exit package." They announced their skepticism that Synacor has a strategy that will create more value than a sale. "We believe that the reason no such strategy has been disclosed is that one does not exist," they wrote. "As a result, we do not believe there is a realistic chance of shareholder value creation from operation autonomously and Synacor has zero chance of retaining a world-class CEO who can regain some of the shareholder value that has been squandered."

Synacor Inc. Announces the Extension of it's Partnership with DISH to Deploy Cloud Id Social Login for In-Home and Mobile TV

Synacor, Inc. announced an extension of it's partnership with DISH to deploy Cloud ID Social Login for in-home and mobile TV Everywhere access via DISH Anywhere(TM), which allows subscribers to access pay-TV content with their favorite social accounts like Facebook, Twitter or Google+. By keeping the authentication process simple and layering-on familiar social login capabilities, DISH and Synacor are eliminating the barriers to entry that may deter subscribers from accessing the content they want. Synacor's passive login technology combined with SSO, which detects when the authentication process already has been completed, allows subscribers to skip repeating the login process while accessing select DISH sites and applications, from web or mobile devices. The solution for DISH also automatically detects subscriber language preference, serving up an English or Spanish interface.

 

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Industry Analysis

SYNC

Industry Average

Valuation SYNC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.6x
Price/Book 1.3x
Price/Cash Flow 60.3x
TEV/Sales 0.3x
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