Synchronoss Technologies (SNCR) provides software-based activation and personal cloud solutions for connected devices.
It offers device and service procurement, provisioning, activation, support, intelligent connectivity management, content synchronization, and bac31.k-up and sharing for communications service providers, cable/multi-services operators, original equipment manufacturers with embedded connectivity, and e-tailers/retailers.
The company provides activation services and personal cloud platforms that provide on-demand order processing, transaction management, service provisioning, device activation, intelligent connectivity, and content transfer and synchronization through e-commerce, telesales, enterprise, indirect, and other retail outlets.
Its platform modules include PerformancePartner portal, a graphical user interface that allows the entry of transaction data into the gateway; gateway manager, which provides the capability to fulfill multiple types of transactions; workflow manager that offers interaction with third-party relationships, as well as enables customers to have a single transaction view; visibility manager, which provides a centralized reporting platform for intelligent analytics around the workflow, transaction management information, historical trending, and mobile reporting for users to receive critical transaction data on mobile devices; content synchronization portal that facilitates content migration across devices from different platforms; device client, which offers connectivity for activation, connection management, and content migration and synchronization for feature phones, smartphones, computers, and tablets; and voice care and smartcare on-device and in-cloud solutions.
Shares have formed a bullish after the firm reported stronger than expected quarterly results. The formation is also supported by a longer term support level. We expect higher share prices for this stock.
52-Week Trading Range: $25.28 - $39.30
Entry Point: $31.30
Stop Loss: $29.90
Target Price: $34.65
SNCR reached our target of $34.65. We took profits.