SYNCHRONOSS TECHNOLOGIES is the premier provider of on-demand transaction management software to Tier One communications service providers. Synchronoss enables service providers to drive growth in new and existing markets while delivering an improved customer experience at lower costs. The company’s flagship ActivationNow and ConvergenceNow software platforms automate, synchronize and simplify electronic service creation and management of advanced wireline, wireless and IP services across existing networks.
Synchronoss Technologies, Inc. (NASDAQ:SNCR) has been in the news for all the right reasons. Recently, Synchronoss Technologies, Inc. (NASDAQ:SNCR) announced the departure of both the Company’s Chief Executive Officer Ronald Hovsepian and Chief Financial Officer John Frederick, advising investors that both would “pursue other interests.” In addition, Synchronoss disclosed that the Company “expects total revenue for the first quarter of 2017 to be $13 million to $14 million less than the company’s previously announced guidance” and that “[o]perating margins are expected to be 8% to 10%, which are less than previously announced guidance.”
The Barchart Technical Opinion rating is a 100% Sell with a Strongest short term outlook on maintaining the current direction. Longer term, the trend strength is Maximum. Long term indicators fully support a continuation of the trend.
The Exponential Moving Average (EMA) is similar to a simple moving average (average price over a set period) but it utilizes a weighting factor that exponentially declines from the most recent data point (recent prices are weighted higher than oid prices). EMA analysis compares the short term (5 days and 13 days), intermediate term (20 days) and long term (50 days) EMA’s. The respective EMA’s will give bullish signals when trading above trailing EMA’s and below the current price and vice versa. EMA alerts include crossovers (i.e the 5 day EMA crosses above/below the 20 day EMA) and EMA convergencies (5 day EMA equivalent to 13 day EMA). The 5 day EMA 19.17 is higher than the last trade price suggesting a short term bearish pattern building up. Long term, the 50 day EMA 26.14 is also higher than the current trading price depicting a bearish trend overall..
The relative strength index (RSI) is a momentum oscillator that is able to measure the velocity and magnitude of stock price changes. Momentum is calculated as the ratio of positive price changes to negative price changes. The RSI analysis compares the current RSI against neutral(50), oversold (30) and overbought (70) conditions. Alerts will inform you when stocks recede from oversold/overbought levels or breakthrough neutral (50). The current RSI is 25.67 suggesting a bearish price action.
Synchronoss Technologies, Inc. (NASDAQ:SNCR) is all set to announce its earnings on May 09/a. As per Zack’s analyst ratings, Synchronoss Technologies, Inc. (NASDAQ:SNCR) currently has an average brokerage rating of 2. On a scale of 1 to 5, a rating of 1 or 2 would indicate a buy, and a rating of 4 or 5 would signify a sell recommendation. A rating of 3 would indicate a hold on the stock. The consensus target price on (NASDAQ:SNCR) is $26.75 with a high of $45 and a low of $10.
As such, while we believe Synchronoss Technologies, Inc. (NASDAQ:SNCR) represents a compelling growth story exposed to several secularly attractive markets, it would be interesting to see how it fairs for long-term investors.