S&P 500
7,401.00
+0.91%
Dow Jones
49,665.70
+0.19%
Nasdaq 100
29,241.00
+2.43%
Russell 2000
2,860.88
+0.82%
FTSE 100
10,263.70
+0.48%
Nikkei 225
63,767.70
+2.68%

Apps & Software

Synchronoss Technologies Earnings Expectations (SNCR)

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

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

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Douglas A. McIntyre |

VMware’s Revenue Punt Destroys Its Shares & EMC Shares (VMW, EMC)

VMware, Inc. (NYSE: VMW) has posted earnings of $0.26 non-GAAP EPS on $412 million in revenues.  First Call had estimates…

Douglas A. McIntyre |

Earnings War: Intel Versus AMD.. Q1 2008 (INTC, AMD, NVDA)

This week, we will have the real start of the earnings onslaught for Q1-2008 earnings season.  We compiled many estimates…

Douglas A. McIntyre |

Cisco Systems Earnings Playbook: Make Or Break Quarter (CSCO)

After the close of trading we’ll get to see earnings out of Cisco Systems, Inc. (NYSE: CSCO). The estimates from…

Douglas A. McIntyre |

Akamai Technologies Earnings Preview (AKAM)

On Wednesday after the close of trading, we’ll get to see earnings out of Akamai Technologies Inc. (NASDAQ: AKAM). The…

Douglas A. McIntyre |

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…

Douglas A. McIntyre |

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…

Douglas A. McIntyre |

comScore’s Own Guidance Measured Short By Traders (SCOR)

It appears that Internet audience measurement service comScore Inc. (NASDAQ: SCOR) is being treated roughly on its guidance after earnings…

Douglas A. McIntyre |

Intel Earnings Key For Entire Chip & PC Sectors (INTC, MSFT, DELL, HPQ, AMAT)

Today’s after-hours trading will be an interesting glimpse into shares of technology stocks at the NASDAQ and NYSE alike.  Intel…

Douglas A. McIntyre |

Blackstone Earnings & Private Equity Outlook (BX, PSP)

Shares of The Blackstone Group, L.P. (NYSE: BX) have seen their share of pain since coming public in 2007.  The…

Top Gaining Stocks

Akamai
AKAM • Vol: 21,556,944
Micron Technology
MU • Vol: 65,135,624
Intel
INTC • Vol: 227,504,426
Monster Beverage
MNST • Vol: 15,284,847
Dell Technologies
DELL • Vol: 12,167,525

Top Losing Stocks

Mettler Toledo International
MTD • Vol: 539,266
Motorola Solutions
MSI • Vol: 3,101,643
Expedia
EXPE • Vol: 4,189,786
Coterra Energy
CTRA • Vol: 73,319,495
Fidelity National Information Services
FIS • Vol: 11,468,820