Positive Media Coverage Somewhat Unlikely to Affect Synchronoss Technologies (SNCR) Stock Price
Media headlines about Synchronoss Technologies (NASDAQ:SNCR) have trended positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Synchronoss Technologies earned a daily sentiment score of 0.26 on Accern’s scale. Accern also gave media stories about the software maker an impact score of 45.5643326267005 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- Why Shares of Synchronoss Technologies Are Slumping Today (fool.com)
- Synchronoss Technologies, Inc. (SNCR) -35.14% off from 200- SMA – Voice Of Analysts (analystsbuzz.com)
- Synchronoss jettisons Intralinks for $1 billion (finance.yahoo.com)
- Synchronoss to sell unit to Siris Capital for $1 bln (feeds.reuters.com)
- Synchronoss Technologies : Arterra Mobility® Announces Andrew Jackson as New Chief Technology Officer (4-traders.com)
A number of analysts have recently weighed in on the company. BidaskClub raised Synchronoss Technologies from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 17th. Deutsche Bank AG reaffirmed a “hold” rating and set a $18.00 price objective (up previously from $10.00) on shares of Synchronoss Technologies in a research report on Monday, October 9th. Citigroup Inc. upped their price objective on Synchronoss Technologies to $10.00 and gave the stock a “hold” rating in a research report on Wednesday, September 20th. Stifel Nicolaus reaffirmed a “hold” rating and set a $16.00 price objective on shares of Synchronoss Technologies in a research report on Friday, June 23rd. Finally, Zacks Investment Research raised Synchronoss Technologies from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 25th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $18.71.
Synchronoss Technologies (SNCR) traded down 12.74% during trading on Wednesday, reaching $11.51. The company had a trading volume of 5,520,598 shares. The stock has a 50 day moving average price of $13.54 and a 200-day moving average price of $15.91. Synchronoss Technologies has a 52-week low of $8.71 and a 52-week high of $49.94. The company has a market capitalization of $506.24 million, a PE ratio of 25.58 and a beta of 1.61.
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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.
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