Synchronoss Technologies (SNCR) Earns News Impact Score of 0.26

Headlines about Synchronoss Technologies (NASDAQ:SNCR) have been trending positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Synchronoss Technologies earned a news impact score of 0.26 on Accern’s scale. Accern also gave media headlines about the software maker an impact score of 45.7923079814096 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:

Several research analysts have recently issued reports on SNCR shares. Raymond James Financial, Inc. downgraded shares of Synchronoss Technologies from a “strong-buy” rating to an “outperform” rating in a report on Monday, May 1st. ValuEngine downgraded shares of Synchronoss Technologies from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. J P Morgan Chase & Co downgraded shares of Synchronoss Technologies from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $65.00 to $27.00 in a report on Thursday, April 27th. Credit Suisse Group downgraded shares of Synchronoss Technologies from a “neutral” rating to an “underperform” rating and set a $13.00 price objective on the stock. in a report on Monday, May 22nd. Finally, Stifel Nicolaus dropped their price objective on shares of Synchronoss Technologies from $32.00 to $10.00 and set a “hold” rating on the stock in a report on Friday, April 28th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. Synchronoss Technologies presently has an average rating of “Hold” and an average price target of $24.00.

Shares of Synchronoss Technologies (NASDAQ:SNCR) traded up 1.58% during mid-day trading on Friday, hitting $16.74. 297,424 shares of the stock traded hands. The firm has a market capitalization of $736.28 million, a P/E ratio of 37.20 and a beta of 1.74. The company’s 50 day moving average is $16.44 and its 200 day moving average is $20.54. Synchronoss Technologies has a one year low of $10.11 and a one year high of $49.94.

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Synchronoss Technologies Company Profile

Synchronoss Technologies, Inc is a global software and services company, which provides technologies and services for the mobile transformation of business. The Company’s portfolio in the Consumer and Enterprise markets contains offerings, such as personal cloud, secure-mobility, identity management and scalable messaging platforms, products and solutions.

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