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Synchronoss Technologies, Inc. (NASDAQ:SNCR) has been downgraded to Underperform in a report by Credit Suisse Group AG today.

Boasting a price of $13.54, Synchronoss Technologies, Inc. (NASDAQ:SNCR) traded -2.63% lower on the day. With the last close down -27.98% from the two hundred day average, compared with the S&P 500 Index which has increased 0.01% over the date range. Synchronoss Technologies, Inc. has recorded a 50-day average of $12.84 and a two hundred day average of $15.40. Volume of trade was down over the average, with 1,364,954 shares of SNCR changing hands under the typical 1,846,280

Credit Suisse Group AG has downgraded Synchronoss Technologies, Inc. (NASDAQ:SNCR) to Underperform in a statement released on 05/22/2017.

Performance Chart

Synchronoss Technologies, Inc. (NASDAQ:SNCR)

With a total market value of $0, Synchronoss Technologies, Inc. has price-earnings ratio of 24.64 with a one year low of $8.71 and a one year high of $49.94 .

A total of 6 brokers have issued a report on the stock. 4 brokers rating the stock a strong buy, 3 firms rating the stock a buy, 1 firm rating the stock a hold, 0 firms rating the stock a underperform, and finally zero equity analysts rating the company a sell with a one year target of $51.83.

Brief Synopsis About Synchronoss Technologies, Inc. (NASDAQ:SNCR)

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. Its products and platforms are designed to enable multiple converged communication services to be managed across a range of distribution channels, including e-commerce, m-commerce, telesales, customer stores, indirect and other retail outlets. The Company operates in and markets their solutions and services directly through their sales organizations in North America, Europe, the Middle East and Africa (EMEA), Latin America and the Asia-Pacific region. It delivers technologies for mobile transformation to service provider and enterprise customers in regulated verticals and use cases.

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