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…
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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
Contact [email protected] for any questions or corrections.
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