Professional
Added to YB: 2024-05-31
Pitch date: 2024-05-14
SNCR [bullish]
Synchronoss Technologies, Inc.
-5.31%
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
$8.85
Price Target
20.00 (+134%)
Dividend
N/A
EV/EBITDA
5.92
P/E
-5.14
EV/Sales
1.17
Sector
Software
Category
value
180 Degree Capital Portfolio Holding: Synchronoss Technologies, Inc.
SNCR: Completed $15M cost cuts, Q4 beat high-end guidance. Stock doubled to $14 then retraced. As new directors, see value creation potential in pure-play cloud biz at 5.5x EV/EBITDA despite 75% GM, 90%+ recurring rev, 25% EBITDA margins. Comparables imply 10x fair value, $20 PT (200% upside). Q1 NAV +$0.18/share.
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