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Synchronoss Technologies Inc (SNCR.OQ)

SNCR.OQ on NASDAQ Stock Exchange Global Select Market

28 Apr 2017
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$2.71 (+20.39%)
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Latest Key Developments (Source: Significant Developments)

Synchronoss announces management changes
Thursday, 27 Apr 2017 08:29am EDT 

April 27 (Reuters) - Synchronoss Technologies Inc :Synchronoss announces management changes.Says Lawrence Irving named Chief Financial Officer.Says founder and chairman Stephen Waldis to reassume CEO role, effective immediately.Ssays Ronald Hovsepian and John Frederick step down as CEO and CFO.Synchronoss Technologies expects total Q1 2017 revenue to be $13 million to $14 million less than company's previously announced guidance.Q1 operating margins are expected to be 8% to 10%, which are less than previously announced guidance.John Frederick, who served as cfo prior to Irving's appointment, will be leaving to pursue other interests.Says "disappointed" with Q1 performance following acquisition of Intralinks.Says in view of company's performance in Q1, expect this will impact our full year guidance.Says "we are disappointed with our q1 performance ".Source text for Eikon: ID:nBwfVb7za.Further company coverage: SNCR.O.  Full Article

Synchronoss Technologies reports Q4 gaap loss per share $0.51 from continuing operations
Wednesday, 8 Feb 2017 04:15pm EST 

Synchronoss Technologies Inc : Synchronoss Technologies Inc announces fourth quarter and full year 2016 financial results . Q4 non-GAAP earnings per share $0.24 from continuing operations . Q4 GAAP loss per share $0.51 from continuing operations . Q4 revenue $123.9 million versus I/B/E/S view $148.7 million .Q4 earnings per share view $0.26 -- Thomson Reuters I/B/E/S.  Full Article

Synchronoss expects Q4 revenue between $145-$150 mln
Tuesday, 6 Dec 2016 09:59am EST 

Synchronoss Technologies Inc : Q4 revenue view $197.8 million -- Thomson Reuters I/B/E/S . Synchronoss Technologies now expects Q4 revenue between $145-$150 million - conf call Further company coverage: [SNCR.O] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Synchronoss Technologies to acquire Intralinks Holdings
Tuesday, 6 Dec 2016 07:29am EST 

Synchronoss Technologies Inc : Synchronoss to acquire Intralinks Holdings, Inc. For $13.00 per share or $821 million in equity value . Synchronoss Technologies Inc- transaction was unanimously approved by board of directors of both companies . Stephen G Waldis, founder and current chief executive officer, will serve as executive chairman of board . Synchronoss Technologies - expects to finance intralinks deal with existing cash,proceeds from sequential technology transaction,$900 million of new debt . Given expected closing in first calendar quarter of 2017, co expects intralinks transaction to have no impact to q4 . Synchronoss technologies inc - targeting $40 million of combined synergies within first year of closing intralinks deal . Synchronoss Technologies Inc - to divest a portion of its activation business to sequential technology international for $146 million . Synchronoss Technologies Inc - strategic alternatives being pursued for remaining activation assets . Ron Hovsepian, CEO of Intralinks, is expected to be appointed as CEO of Synchronoss upon closing . Synchronoss Technologies -giving initial 2017 revenue guidance of between $810 million- $820 million with pro forma eps of between $2.45-$2.60 for combined entity . Synchronoss Technologies Inc - Synchronoss expects Intralinks transaction to have no impact to its Q4 financials.  Full Article

Synchronoss Tech Q2 non-gaap earnings per share $0.57
Wednesday, 3 Aug 2016 04:03pm EDT 

Synchronoss Technologies Inc Qtrly Non : Synchronoss technologies, inc. Announces strong second quarter results . Q2 gaap loss per share $0.10 . Q2 non-gaap earnings per share $0.57 . Q2 earnings per share view $0.53 -- Thomson Reuters I/B/E/S . Synchronoss technologies inc qtrly total revenue $157.6 million compared to $137.8 million .Gaap total revenue $161.5 million compared to $137.9 million.  Full Article

Synchronoss Technologies- enters into amended credit deal with Wells Fargo Bank, National Association
Monday, 11 Jul 2016 06:03am EDT 

Synchronoss Technologies Inc : Says entered into an amended and restated credit agreement with Wells Fargo Bank, National Association . Says credit facility is a $250 million unsecured revolving line of credit that matures on July 7, 2021 . Says has right to request an increase in the aggregate principal amount of the credit facility to $350 million .Says Synchronoss has drawn down $44 million under the credit facility.  Full Article

Synchronoss Technologies Inc announces $100 million share repurchase program
Thursday, 4 Feb 2016 02:45pm EST 

Synchronoss Technologies Inc:Board of Directors has approved a share repurchase program under which the company may repurchase up to $100 million of its outstanding common stock.Plans to make such purchases at prevailing prices over the next 12 to 18 months.  Full Article

Synchronoss Technologies, Inc extends secure cloud agreement with Vodafone
Monday, 2 Nov 2015 08:00am EST 

Synchronoss Technologies, Inc:Says has extended its secure cloud hosting agreement with Vodafone.  Full Article

Synchronoss Technologies Inc raises FY 2015 guidance - Conference call
Wednesday, 29 Jul 2015 08:30am EDT 

Synchronoss Technologies Inc:Increases FY 2015 non-GAAP revenue guidance to $575 million to $582 million, compared to the company's previous guidance of $566 million to $575 million.Says combination of increased margin expectations on a higher level of revenue translates to updated FY 2015 non-GAAP EPS guidance of $2.22 to $2.26.Says that at midpoint, this represents an $0.11 increase from the company's prior guidance.  Full Article

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BRIEF-Synchronoss announces management changes

* Says founder and chairman Stephen Waldis to reassume CEO role, effective immediately