Synchronoss new customer win an important step, says Stifel Nicolaus After Synchronoss announced that it had obtained a major new customer in India, Stifel sees the deployment as a major step forward for Synchronoss, as it is the company's first deal in an emerging market. The firm notes that it will also be Synchronoss' first major cloud deployment, and it maintains a $36 price target and Buy rating on the shares.
Synchronoss sees Q4 EPS 42c-44c consensus 44c Sees Q4 revenue $126M-$129M, consensus $122.95M. Sees Q4 gross margin 61%-62%. Sees Q4 operating margin 24%-25%. Guidance taken from the company's Q3 earnings conference call.