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Synchronoss Technologies Inc (SNCR.OQ)

SNCR.OQ on NASDAQ Stock Exchange Global Select Market

9.49USD
11 Dec 2017
Change (% chg)

$0.23 (+2.48%)
Prev Close
$9.26
Open
$9.29
Day's High
$9.66
Day's Low
$9.29
Volume
186,276
Avg. Vol
366,524
52-wk High
$42.69
52-wk Low
$8.48

Latest Key Developments (Source: Significant Developments)

Synchronoss Technologies announces appointment of Glenn Lurie as CEO
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - Synchronoss Technologies Inc :Synchronoss Technologies Inc announces appointment of Glenn Lurie as chief executive officer.Synchronoss Technologies Inc - ‍Lurie succeeds Stephen Waldis​.Synchronoss Technologies Inc - ‍Waldis will remain chairman of Synchronoss board of directors​.  Full Article

Synchronoss Technologies board to be increased to 10 members
Tuesday, 17 Oct 2017 

Oct 17 (Reuters) - Synchronoss Technologies Inc :At closing of preferred investment by Siris Capital, Synchronoss Technologies board will be increased to 10 directors - SEC filing.If agreement for preferred investment terminated, Synchronoss may be required to repurchase up to 6.0 million shares for $14.56/share.  Full Article

Synchronoss Technologies announces successful conclusion of strategic alternatives process to maximize value for shareholders
Tuesday, 17 Oct 2017 

Oct 17 (Reuters) - Synchronoss Technologies Inc :Synchronoss Technologies announces successful conclusion of strategic alternatives process to maximize value for shareholders.Synchronoss Technologies Inc - ‍divest non-core assets through agreement to sell intralinks business to siris​.Synchronoss Technologies Inc - ‍investment funds affiliated with siris will acquire all of stock of co's unit intralinks holdings, inc​.Synchronoss Technologies Inc - ‍investment funds affiliated with siris will acquire all of stock of intralinks holdings for approximately $1 billion​.Synchronoss - ‍leif O'leary, executive vice president of strategic financials for synchronoss, is expected to serve as CEO of Intralinks​.Synchronoss Technologies Inc - ‍ funds affiliated with siris capital group to make an investment in convertible preferred equity of co of $185 million​.Synchronoss Technologies Inc - ‍ siris convertible preferred equity investment in synchronoss in amount of $185 million is comprised of cash and stock​.Synchronoss Technologies Inc - ‍ transactions have been unanimously approved by synchronoss' board of directors​.Synchronoss - if equity investment terminated,siris has right to cause co to repurchase some/all of 6 million shares of co common stock that siris holds​.Synchronoss Technologies-to use proceeds from intralinks transaction to retire term loan debt.  Full Article

Synchronoss Technologies finds error in 2014 revenue recognition
Thursday, 12 Oct 2017 

Oct 12 (Reuters) - Synchronoss Technologies Inc :Synchronoss Technologies - ‍ has also identified error concerning revenue recognition associated with a transaction conducted during 2014​.Synchronoss Technologies - ‍identified transaction has no impact on cash balances and overall net cash flows for fiscal year ended December 31, 2014​.Synchronoss Technologies -not yet completed its accounting review of deals conducted during 2014, it is possible that additional errors might be identified.Synchronoss Technologies - revenue from 2014 transactions should be netted against consideration transferred in connection with purchase accounting​.Synchronoss Technologies - previously issued statements for fiscal year ended Dec 31, 2014 and respective qtrly periods should no longer be relied upon​.Synchronoss Technologies-on Oct 5,audit committee of board concluded to restate previously issued financial statements for fiscal year ended Dec 31,2014​.Synchronoss Technologies Inc - ‍ "ongoing review has had no noticeable impact on company's overall sales pipeline"​.  Full Article

Synchronoss Tech Q2 non-gaap earnings per share $0.57
Wednesday, 3 Aug 2016 

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 

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 

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

BRIEF-Synchronoss Technologies announces appointment of Glenn Lurie as CEO

* Synchronoss Technologies Inc announces appointment of Glenn Lurie as chief executive officer