News stories about Synchronoss Technologies (NASDAQ:SNCR) have been trending somewhat positive this week, according to Accern. Accern scores the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Synchronoss Technologies earned a news impact score of 0.08 on Accern’s scale. Accern also assigned press coverage about the software maker an impact score of 46.38584441379 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
Shares of Synchronoss Technologies (NASDAQ:SNCR) opened at $10.47 on Friday. The firm has a market cap of $497.48, a P/E ratio of 7.22 and a beta of 1.62. Synchronoss Technologies has a one year low of $8.71 and a one year high of $49.94.
Several equities analysts recently issued reports on SNCR shares. Zacks Investment Research raised shares of Synchronoss Technologies from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 25th. BidaskClub lowered shares of Synchronoss Technologies from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 9th. Raymond James Financial, Inc. lowered shares of Synchronoss Technologies from an “outperform” rating to an “underperform” rating and set a $18.00 price objective on the stock. in a report on Tuesday, September 19th. Citigroup Inc. lifted their price objective on shares of Synchronoss Technologies to $10.00 and gave the company a “hold” rating in a report on Wednesday, September 20th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $10.00 price objective (down from $16.00) on shares of Synchronoss Technologies in a report on Wednesday, September 20th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. Synchronoss Technologies has an average rating of “Hold” and an average price target of $18.71.
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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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