Added to YB: 2024-08-01
Pitch date: 2024-07-31
SNCR [neutral]
Synchronoss Technologies, Inc.
-18.82%
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
$10.32
Price Target
20.00 (+134%)
Dividend
N/A
EV/EBITDA
5.92
P/E
-5.14
EV/Sales
1.17
Sector
Software
Category
growth
Show full summary:
Struggling Stale Tech Turning Around: Synchronoss Technologies $SNCR
SNCR: Market leader in white label mobile cloud services. Revenue stabilizing after divestments, 2.3-3% growth last 2 quarters. 75% gross/30% net margins. Mgmt forecasts 5-8% rev growth 2024, low double-digit 2025+. Potential 2x in 2-3 years if growth materializes. Turnaround story, but outside analyst's expertise.
Read full article (3 min)