Synchronoss (SNCR) Surges 5.1%: Is This an Indication of Further Gains?
Synchronoss Technologies(SNCR) ZACKS·2024-10-01 01:01
Synchronoss (SNCR) shares rallied 5.1% in the last trading session to close at $14.11. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 5.7% loss over the past four weeks. Synchronoss is benefitting from strong cloud subscriber growth. In the second quarter of 2024, the number of cloud subscribers grew 6.1%, which drove 5.9% of total revenues. This mobile services company is expected to post quarterly earnings ...