Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Synchronoss Technologies (SNCR) Stock Price

News headlines about Synchronoss Technologies (NASDAQ:SNCR) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Synchronoss Technologies earned a coverage optimism score of 0.22 on Accern’s scale. Accern also gave media stories about the software maker an impact score of 45.5207377974897 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

These are some of the media stories that may have effected Accern’s scoring:

Synchronoss Technologies (NASDAQ SNCR) traded up $0.29 during trading hours on Friday, reaching $9.57. 374,300 shares of the company were exchanged, compared to its average volume of 519,450. The stock has a market cap of $447.49, a price-to-earnings ratio of -7.60 and a beta of 1.56. Synchronoss Technologies has a 1 year low of $8.48 and a 1 year high of $40.27.

A number of brokerages recently issued reports on SNCR. Deutsche Bank reissued a “hold” rating and issued a $8.00 price objective (down previously from $18.00) on shares of Synchronoss Technologies in a report on Thursday, December 7th. Zacks Investment Research raised shares of Synchronoss Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th. BidaskClub cut shares of Synchronoss Technologies from a “sell” rating to a “strong sell” rating in a research report on Saturday, December 9th. Citigroup increased their price target on shares of Synchronoss Technologies to $10.00 and gave the stock a “hold” rating in a research report on Wednesday, September 20th. Finally, Raymond James Financial cut shares of Synchronoss Technologies from an “outperform” rating to an “underperform” rating and set a $18.00 target price on the stock. in a report on Tuesday, September 19th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $16.57.

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About Synchronoss Technologies

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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