Benzinga | Aug 10, 2020 07:55AM EDT

Recap: Synchronoss Technologies Q2 Earnings

Shares of Synchronoss Technologies (NASDAQ:SNCR) rose 8% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share increased 157.14% over the past year to $0.16, which beat the estimate of ($0.21).

Revenue of $76,535,000 decreased by 1.68% from the same period last year, which beat the estimate of $75,030,000.

Looking Ahead

Synchronoss Technologies hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

How To Listen To The Conference Call

Date: Aug 10, 2020

Time: 08:00 AM

ET Webcast URL: https://synchronoss.zoom.us/j/99626412696?pwd=bDJQRlF6MjNoN3c3amJySHFKemx1dz09#success

Technicals

Company's 52-week high was at $9.05

Company's 52-week low was at $2.17

Price action over last quarter: Up 30.90%

Company Profile

Synchronoss Technologies Inc is a provider of cloud- and software-based activation solutions for mobile carriers, enterprises, retailers, and original equipment manufacturers. These solutions are delivered through the Activation Services, Synchronoss Personal Cloud, Enterprise, and Integrated Life platforms, which are scalable and available on-demand. The firm's solutions include activation and processing, cloud-based sync, backup, storage, and content engagement capabilities. The company derives revenue from subscriptions and transaction-based fees. A majority of the firm's revenue is generated in the United States, and the rest is from countries across the world.