Synchronoss Technologies (NASDAQ:SNCR) Receiving Somewhat Positive Media Coverage, Report Finds

Headlines about Synchronoss Technologies (NASDAQ:SNCR) have been trending somewhat 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 0.22 on Accern’s scale. Accern also gave media headlines about the software maker an impact score of 45.5207377974897 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 stories that may have impacted Accern’s scoring:

Synchronoss Technologies (NASDAQ SNCR) traded down $0.03 during midday trading on Friday, reaching $9.07. 362,400 shares of the company’s stock traded hands, compared to its average volume of 553,250. Synchronoss Technologies has a 1 year low of $8.48 and a 1 year high of $40.27. The company has a market capitalization of $432.39, a price-to-earnings ratio of 20.61 and a beta of 1.56.

A number of equities analysts have commented on the stock. Zacks Investment Research downgraded shares of Synchronoss Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. Deutsche Bank reaffirmed a “hold” rating and issued a $18.00 target price (up from $10.00) on shares of Synchronoss Technologies in a research note on Monday, October 9th. BidaskClub downgraded shares of Synchronoss Technologies from a “sell” rating to a “strong sell” rating in a research note on Saturday, December 9th. Finally, Credit Suisse Group reissued an “underperform” rating and set a $8.00 price target (down from $13.00) on shares of Synchronoss Technologies in a research note on Thursday, December 7th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target 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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