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Stock Market & Financial Investment News

News Breaks
January 16, 2013
06:51 EDTSNCRSynchronoss upgraded to Outperform from Neutral at Credit Suisse
Credit Suisse upgraded Synchronoss based on solid business momentum from AT&T smartphone unit sales, R&D tax credit extension, and the potential next iPhone launch in Q2. Price target raised to $29 from $20.
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July 30, 2014
07:18 EDTSNCRSynchronoss price target raised to $56 from $46 at Credit Suisse
Credit Suisse raised Outperform rated Synchronoss price target to $56 and increased estimates following the strong Q2 report citing rising sub growth and usage.
July 29, 2014
14:04 EDTSNCRSynchronoss price target raised to $49 from $40 at Raymond James
08:51 EDTSNCRSynchronoss raises FY14 CapEx to reach 14%-15% of total revenue
The company had previously seen FY14 CapEx to be 10% of total revenue. The updated guidance is due to trends in cloud tracking better than its original eexpectations. The company said it is still in the "early stages" of adoption in cloud business. Synchronoss also sees positive trends in its Activation Services business.
08:50 EDTSNCRSynchronoss raises FY14 EPS to $1.66-$1.72 from $1.61-$1.66, consensus $1.66
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08:49 EDTSNCRSynchronoss sees Q3 non-GAAP EPS 43c-45c, consensus 42c
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08:10 EDTSNCRSynchronoss reports Q2 EPS 41c, consensus 40c
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