Professional
Added to YB: 2024-02-23
Pitch date: 2024-02-21
SNCR [bullish]
Synchronoss Technologies, Inc.
-1.95%
current return
Author Info
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Company Info
Synchronoss Technologies, Inc. provides white label cloud software and services in North America, Europe, the Middle East, Africa, and the Asia Pacific.
Market Cap
$53.8M
Pitch Price
$8.70
Price Target
N/A
Dividend
N/A
EV/EBITDA
5.92
P/E
-5.14
EV/Sales
1.17
Sector
Software
Category
turnaround
Show full summary:
180 Capital Corp Portfolio Holding - Synchronoss Technologies, Inc.
$SNCR cloud storage for VZ/SoftBank undervalued at 5.6x EV/EBITDA post reorg. $28M tax refund, new clients drive FCF growth. 70% gross, 25% EBITDA margins justify 10x+ multiple vs 5.2x. Activist sees 2024 re-rating as financials improve.
Read full article (2 min)