Reviewing Synchronoss Technologies (SNCR) & The Competition
Synchronoss Technologies (NASDAQ: SNCR) is one of 24 public companies in the “Cloud Computing Services” industry, but how does it compare to its peers? We will compare Synchronoss Technologies to related businesses based off the strength of its profitability, institutional ownership, analyst recommendations, risk, dividends, earnings and valuation.
Volatility and Risk
Synchronoss Technologies has a beta of 1.69, meaning that its stock price is 69% more volatile than the S&P 500. Comparatively, Synchronoss Technologies’ peers have a beta of 0.95, meaning that their average stock price is 5% less volatile than the S&P 500.
Valuation & Earnings
This table compares Synchronoss Technologies and its peers gross revenue, earnings per share (EPS) and valuation.
|Gross Revenue||EBITDA||Price/Earnings Ratio|
|Synchronoss Technologies||$476.75 million||$54.33 million||37.64|
|Synchronoss Technologies Competitors||$939.15 million||$24.07 million||-78.73|
Synchronoss Technologies’ peers have higher revenue, but lower earnings than Synchronoss Technologies. Synchronoss Technologies is trading at a higher price-to-earnings ratio than its peers, indicating that it is currently the more expensive than other companies in its industry.
Institutional and Insider Ownership
74.3% of Synchronoss Technologies shares are owned by institutional investors. Comparatively, 58.1% of shares of all “Cloud Computing Services” companies are owned by institutional investors. 10.5% of Synchronoss Technologies shares are owned by insiders. Comparatively, 21.2% of shares of all “Cloud Computing Services” companies are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.
This is a breakdown of recent ratings and price targets for Synchronoss Technologies and its peers, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Synchronoss Technologies Competitors||100||522||1515||47||2.69|
Synchronoss Technologies currently has a consensus price target of $21.20, suggesting a potential upside of 28.02%. All “Cloud Computing Services” companies have a potential upside of 9.30%. Given Synchronoss Technologies’ higher probable upside, research analysts plainly believe Synchronoss Technologies is more favorable than its peers.
This table compares Synchronoss Technologies and its peers’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Synchronoss Technologies Competitors||-50.21%||-38.64%||-14.03%|
Synchronoss Technologies beats its peers on 8 of the 13 factors compared.
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. Its products and platforms are designed to enable multiple converged communication services to be managed across a range of distribution channels, including e-commerce, m-commerce, telesales, customer stores, indirect and other retail outlets. The Company operates in and markets their solutions and services directly through their sales organizations in North America, Europe, the Middle East and Africa (EMEA), Latin America and the Asia-Pacific region. It delivers technologies for mobile transformation to service provider and enterprise customers in regulated verticals and use cases.
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