Posts for Ticker ‘SNCR’

Top Analyst Upgrades (FWLT, GNW, ITRI, NUE, SPR, SNCR, STI, SYNA, USB, VIA)

These are this Thursday morning’s top analyst upgrades and positive research calls seen from Wall Street:

Foster Wheeler (FWLT) Raised to Buy at Goldman Sachs.
Genworth (GNW) Raised to Buy at Deutsche Bank.
Itron (ITRI) Started as Buy at Jefferies.
Nuecor (NUE) Raised to Buy at Citigroup.
Spirit AeroSystems Holdings Inc (SPR) Raised to Conviction Buy at Goldman Sachs.
Synchronoss Technologies (SNCR) Raised to Overweight at Thomas Weisel.
SunTrust (STI) Started as Outperform at Oppenheimer.
Synaptics (SYNA) Started as Buy at Needham.
USBancorp (USB) Raised to Buy at Rochdale.
Viacom (VIA) Raised to Buy at UBS.

JON C. OGG

Posted on: September 17, 2009 – 8:13 am in Analyst Calls, , , , , , , , , ,

Synchronoss Lands Time Warner Cable As Customer (SNCR, TWC)

Synchronoss Technologies, Inc. (NASDAQ: SNCR) has announced that its ConvergenceNow platform has been selected for the activation and lifecycle management of Time Warner Cable’s (NYSEL TWC) triple play offering for online transactions.

While financial terms weren’t formally disclosed, Synchronoss will support the online activation and provisioning of triple play services for Voice, High-speed Internet and Video, as well as other offerings.

If any company needed a new large customer it was Synchronoss.  The company has been plagued of late by issues surrounding the iPhone sign-ups and others in a contracting industry.  As of yesterday, shares were down more than 75% from their 52-week highs.  Shares are indicated up almost 4% pre-market at $10.26 in very thin pre-market trading.

Jon C. Ogg
June 26, 2008

Posted on: June 26, 2008 – 7:08 am in Uncategorized, ,

The 52-Week Low Club (ABK)(VSE)(LEE)(NOK)(SNCR)

AMBAC (ABK) Brutal sell-off in some financials. S&P cuts some securities covered by the insurer. Down to $1.74 from 52-week high of $89.33.

Verasun Energy (VSE) Corn up, ethanol stocks down. Hits bottom at $6.26 against 52-week high of $17.75.

Lee Enterprises (LEE) Newspaper stocks still tumbling. Falls to $5.50 from 52-week high of $25.18.

Nokia (NOK) iPhone jitters. Sells off to $25.70 from 52-week high of $42.22.

Gatehouse (GHS) Another newspaper stock. Down to $3.36 from 52-week high of $19.64.

Synchronoss Technologies (SNCR)  Loses piece of iPhone business. Beat down to $10.76 from 52-week high of $48.03.

Douglas A. McIntyre

Posted on: June 10, 2008 – 2:51 pm in HI/LOW, , , , ,

Top 10 Pre-Market Analyst Calls (BMY, MAR, MS, NRG, OMRI, SNCR, TRMB, TSN, MTN, XNPT)

These are ten of the analyst calls we are focusing on this Wednesday morning in pre-market trading:

  • Bristol-Myers (NYSE: BMY) cut to Neutral at Cowen.
  • Marriott (NYSE: MAR) cut to Perform at Oppenheimer.
  • Morgan Stanley (NYSE: MS) Raised to Outperform from Market Perform at Wachovia.
  • NRG Energy (NYSE: NRG) Cut to Neutral at Credit Suisse.
  • Omrix (NASDAQ: OMRI) Cut to Neutral from Buy at UBS.
  • Synchronoss Tech (NASDAQ: SNCR) started as Buy at Brean Murray.
  • Trimble Navigation (NASDAQ: TRMB) Cut to Neutral from Overweight at JP Morgan.
  • Tyson Foods (NYSE: TSN) Raised to Outperform from Market Perform at Wachovia.
  • Vail Resorts (NYSE: MTN) started as Buy at Banc of America.
  • XenoPort (NASDAQ: XNPT) Started as Buy at Goldman Sachs

Jon C. Ogg
June 4, 2008

Posted on: June 4, 2008 – 6:53 am in Analyst Calls, , , , , , , , , ,

52-Week Low Club (AGN, WTR, CTB, ISLE, LPSN, OPTT, SGIC, SNCR)

Today turned out being an ugly day, but there were many stocks that fell sharply to new 52-week lows all on their own without help from the market working against them.

Allergan Inc. (NYSE: AGN) hit a new low today despite showing earnings growth that beat expectations and announcing positive guidance. Shares were at $2.31 after hitting a low of $51.00 intraday. The 52-week range is $52.26 to $70.40. Apparently it takes more than good earnings to boost the health of this healthcare stock.

Aqua America Inc. (NYSE: WTR) missed earnings estimates and suffered adowngrade by Wachovia this morning.  So much for water being the safestinvestment around.  Shares are sitting at $17.42 in the final minutestoday; prior 52-week range of $17.75 to $26.62. This water companyprobably needs a different beverage tonight after today.

Cooper Tire & Rubber Co. (NYSE: CTB) needs a tire change after first quarter income reported this morning dropped. Shares are sitting at $12.72 in the final minutes today. The 52-week range wass $12.85 to $28.50.

Isle of Capri Casinos Inc. (NASDAQ: ISLE) was down to $6.42 in the final minutes today. The 52-week range is $6.43 to $26.03. Who says the house always wins?

LivePerson Inc.’s (NASDAQ: LPSN) weak quarter one earnings and outlook is pushing this stock down to $2.51 compared to a 52-week range of $2.68 to $6.94.

Ocean Power Technologies, Inc (NASDAQ: OPTT) hitting yet another 52-week low today. Shares for this ocean wave renewable power generator are trading at about $8.25 in the final minutes today compared to a prior 52-week range of $8.56 to $19.75. So much for green always being the new gold.  This is actually a post-IPO low.

Silicon Graphics Inc. (NASDAQ: SGIC) dropped after third quarter losses widened. A contract with NASA to supply the next superconductor isn’t enough to pull this stock up. Shares are trading at $7.62 late in the day compared to a 52-week range of $8.00 to $29.73.

Synchronoss Technologies, Inc. (NASDAQ: SNCR) took a massive hit after they released guidance that the company is concerned with revenues by Apple’s (NASDAQ: AAPL) iPhone. Tuesday, the company reported a 17% profit growth at $0.16 EPS on $29.1 million in revenues, meeting estimates; but guidance stank the place up.  Shares were down over 43% to $12.92 in late-day trading on extremely high relative trading volume. The 52-week range was $15.15 to $48.03.

Jon C. Ogg
May 7, 2008

Posted on: May 7, 2008 – 2:50 pm in HI/LOW, , , , , ,

Can Synchronoss Really Blame iPhone For Its Woes? (SNCR, AAPL, T)

Synchronoss Technologies Inc (NASDAQ: SNCR) looks now like it will be one of the worst seen earnings moves of popular companies in all of this earnings season.  The outsourced device activation provider posted $0.16 non-GAAP EPS and revenues were $29.1 million. 

The company lowered next quarter guidance to $0.10 to $0.11 EPS on revenues of $24 to $25 million.  First Call had estimates of $0.19 EPS and $35.2 million in revenues.

After going back over everything, the company’s weak forecast is being largely attributed to declining revenue from activating Apple Inc’s (NASDAQ: AAPL) iPhone.  The reason isn’t iPhone sales, it is because of unlocked iPhones being hooked up to other carriers where Synchronoss doesn’t get the "activation fee" it gets through AT&T.  The company disclosed that 72% of last quarter’s revenues came from AT&T (NYSE: T), so you can see where the company needs to diversify its customer base much greater.

To try to stave off bad news, the company announced it would repurchase about $25 million worth of stock.  The company now is calling 2008 a transition year with suffering margins as it will invest to support the launch of new strategic customers and transaction types.  It expects 2009 (and beyond) to see the rewards.  The carnage is bad. Really bad.  Shares are down over 40% to $13.20 this morning on almost ten-times normal volume in just 30 minutes.  The prior 52-week trading range was $15.15 to $48.03.

Some may accept that this is really just from the single event of iPhones being unlocked.  But what is obvious as a heart attack is that the company needs to go line up more and more activation deals.  Then it needs to go out and figure out different revenue streams besides activations. This "outside event" won’t be enough to stave off the wave of class action lawsuits that will come by the end of this week (if not sooner).

Have you ever noticed how many of these companies that see huge gains as a result of being a supplier or beneficiary to one of the new hot Apple products end up taking severe haircuts and then staying down for the count?  We have seen this over the years.  Unfortunately, for all of these that fall from grace….. it seems like when you score a huge win from being tied to Apple that you better enjoy it while it lasts.

Jon C. Ogg
May 7, 2008

Posted on: May 7, 2008 – 9:07 am in Earnings, Earnings Warning, Wireless, , ,

Synchronoss Up On Results (SNCR)

Synchronoss Technologies, Inc. (NASDAQ: SNCR) has just posted earnings of $0.22 EPS non-GAAP on revenues of $36.4 million.  First Call had estimates of $0.20 EPS and $35.65 million in revenues.  The company ended December with cash and cash equivalents of $95.9 million.

Stephen G. Waldis, President & CEO: “From a long-term perspective, we believe Synchronoss is well positioned to benefit from multiple growth opportunities, including e-commerce, wireless, VOIP and most importantly, the trend towards converged services…."

Unfortunately, Synchronoss did not offer actual guidance, so until that is given this is probably considered an incomplete report. 

Shares closed at $23.25, up 3.30%, in regular trading today, and after the report shares were just trading at $24.00, up 2.35%, in after-hours trading activity.

Jon C. Ogg
February 4, 2008

Posted on: February 4, 2008 – 4:19 pm in Earnings,

Synchronoss Technologies Earnings Expectations (SNCR)

On Monday, we’ll get to see earnings out of Synchronoss Technologies, Inc. (NASDAQ:SNCR). The estimates from First Call for the transaction management software developer are $0.20 EPS on $35.65 million in revenues.  Estimates for fiscal 2008 are $0.91 EPS on $166.16 million in revenues.

Analysts still have an average price target north of $42.00 despite a huge sell-off in the stock in January.  If Friday’s closing prices are any indicator and if the earnings were coming out immediately, it appears that options traders would be pricing in a move of up to $2.00 or more in either direction.

We’d note that Goldman Sachs just recently raised this one to its beloved Conviction Buy List, and they have been a good predicting tool for earnings strength of late.  We’d also note that Jim Cramer has been positive on this one after he interviewed the CEO.

Synchronoss Technologies’ 52-week trading range is $14.64 to $48.03, so this one has been chopped down quite a bit even after a huge gain on Friday.

Jon C. Ogg
February 2, 2008

Posted on: February 2, 2008 – 10:00 am in Earnings, Software,

Goldman Sachs Changes on Conviction Buy List in Tech (DOX, ADP, SNCR, SVR)

This morning Goldman Sachs has announced some changes to its CONVICTION BUY LIST:

  • Amdocs (NYSE: DOX) is being added to the Americas Conviction Buy list with a 49% return potential to its target after its earnings report.  Recent order flows should give the company a healthy 2008 with accelerating revenue growth and limited macroeconomic headwinds.
  • Automatic Data Processing (NYSE: ADP) is being kept officially as a Buy rating at Goldman, but it is being pulled off of the Conviction Buy List as part of a "moving away from macro-sensitive trends."  ADP is down 15.5% since being added, slightly worse than the S&P at -14.3%, and it has underperformed the S&P over a 6-month and 12-month period.

In the larger Amdocs call away from macro-sensitivity, Goldman Sachs said it is also noting Synchronoss Technologies (NASDAQ: SNCR) as one of its best buy ideas (has a Buy rating).  Goldman is also becoming increasingly optimistic on Syniverse (NYSE: SVR) (although it has a neutral rating today).

Jon C. Ogg
January 23, 2008

Posted on: January 23, 2008 – 9:01 am in Analyst Calls, , , ,

Top 10 Pre-Market Analyst Calls (BWLD, CMI, TEX, HTZ, LDK, MA, MPWR, MNST, SNCR, ULTI, WYNN)

These are not the only impact analyst calls, but these are the top research calls that 247WallSt.com is focusing on pre-market this Thursday:

  • Buffalo Wild Wings (BWLD) started as Underweight at J.P.Morgan.
  • Cummins (CMI) & Terex (TEX) both started as Buy at Banc of America.
  • Hertz (HTZ) started as Buy at UBS.
  • LDK Solar (LDK) downgraded to Sell from Neutral at Piper Jaffray.
  • MasterCard (MA) raised to Outperform at Bear Stearns.
  • Monolithic Power (MPWR) started as Buy at Piper Jaffray.
  • Moster Worldwide (MNST) started as Outperform at Bear Stearns.
  • Synchronoss Technologies (SNCR) raised to Buy from Neutral at Goldman Sachs.
  • Ultimate Software (ULTI) started as Buy at Banc of America.
  • Wynn Resorts (WYNN) raised to Neutral from Sell at UBS; Susquehanna started as ‘Positive’.

Jon C. Ogg
December 20, 2007

Posted on: December 20, 2007 – 7:52 am in Analyst Calls, , , , , , , , , , ,