Business Summary
Synchronoss Technologies, Inc. provides cloud solutions and software-based activation for connected devices worldwide. The companys services include intelligent connectivity management and content synchronization, backup, and sharing service procurement, as well as provisioning, activation, and support services that enable communications service providers, cable operators/multi-services operators, original equipment manufacturers with embedded connectivity, multi-channel retailers, and other customers to accelerate and monetize value-add services for connected devices. Its Activation Services, Synchronoss Personal Cloud, Synchronoss WorkSpace, and Integrated Life platforms provide automated on-demand, end-to-end order processing, transaction management, service provisioning, device activation, intelligent connectivity and content transfer, synchronization, and social media, as well as enterprise-wide sharing/collaboration through multiple channels, including e-commerce, m-commerce, telesales, enterprise, indirect, and retail outlets. The company markets and sells its services through direct sales force and strategic partners. Synchronoss Technologies, Inc. was founded in 2000 and is headquartered in Bridgewater, New Jersey.
Valuation Measures
|
Market Cap |
2.07B |
|
Enterprise Value |
1.98B |
|
Trailing P/E |
49.95 |
|
Price/Sales (ttm) |
4.03 |
|
Price/Book (mrq) |
3.71 |
|
Enterprise Value/Revenue (ttm) |
4.03 |
|
Enterprise Value/EBITDA (ttm) |
14.89 |
Share Statistics
|
Avg Vol (3 month) |
473,312 |
|
Avg Vol (10 day) |
563,525 |
|
Shares Outstanding |
43.28M |
|
Float |
37.61M |
|
% Held by Insiders1 |
18.28% |
|
% Held by Institutions1 |
81.90% |
|
Shares Short (as of Nov 14, 2014) |
5.15M |
|
Return on Assets (ttm) |
6.83% |
|
Return on Equity (ttm) |
8.36% |
|
Fiscal Year Ends |
Dec-15 |
|
Most Recent Quarter (mrq) |
Mar-15 |
Estimates
|
Estimates |
Current Year |
Next Year |
|
Dec-15 |
Dec-15 |
| Earnings Est |
2.13 |
2.57 |
| Revenue Est |
577.24M |
674.42M |
Key Executives
|
0 |
Mr. Stephen G. Waldis , 47 |
|
1 |
Founder, Exec. Chairman, Chief Exec. Officer and Member of Bus. Devel. Committee |
|
2 |
Mr. Robert Garcia , 46 |
|
3 |
Pres and Chief Operating Officer |
|
4 |
Mr. James M. McCormick , 55 |
|
5 |
Founder and Director |
|
6 |
Ms. Karen L. Rosenberger , 49 |
|
7 |
Chief Financial Officer, Exec. VP and Treasurer |
|
8 |
Mr. Daniel W. Rizer , 51 |
|
9 |
Exec. VP of Product Management, Marketing & Bus. Devel. |
Income statement (Annual)
|
Period Ending |
29.09.2012 |
28.09.2013 |
27.09.2014 |
| Total Revenue |
273,692 |
349,047 |
457,314 |
| Cost of Revenue |
115,670 |
146,238 |
184,414 |
| Gross Profit |
158,022 |
202,809 |
272,900 |
| Operating Expenses |
52,307 |
64,845 |
73,620 |
| Research Development |
40,445 |
56,772 |
81,026 |
| Selling General and Administrative |
- |
5,172 |
- |
| Non Recurring |
23,812 |
41,126 |
55,956 |
| Others |
0 |
0 |
0 |
| Total Operating Expenses |
- |
167,915 |
- |
| Operating Income or Loss |
41,458 |
34,894 |
62,298 |
| Income from Continuing Operations |
|
|
|
| Total Other Income/Expenses Net |
2,204 |
774 |
1,279 |
| Earnings Before Interest And Taxes |
43,662 |
35,668 |
63,577 |
| Interest Expense |
998 |
1,089 |
3,003 |
| Income Before Tax |
42,664 |
34,579 |
60,574 |
| Income Tax Expense |
15,581 |
11,228 |
21,679 |
| Minority Interest |
- |
- |
- |
| Net Income From Continuing Ops |
27,083 |
23,351 |
38,895 |
| Non-recurring Events |
|
|
|
| Discontinued Operations |
- |
- |
- |
| Extraordinary Items |
- |
- |
- |
| Effect Of Accounting Changes |
- |
- |
- |
| Other Items |
- |
- |
- |
| Net Income |
27,083 |
23,351 |
38,895 |
| Preferred Stock And Other Adjustments |
- |
- |
- |
| Net Income Applicable To Common Shares |
27,083 |
23,351 |
38,895 |
Income statement (Quarterly)
|
Period Ending |
27.09.2014 |
27.12.2014 |
28.03.2015 |
27.06.2015 |
| Total Revenue |
103,451 |
125,175 |
130,211 |
132,926 |
| Cost of Revenue |
41,290 |
50,497 |
52,648 |
53,655 |
| Gross Profit |
62,161 |
74,678 |
77,563 |
79,271 |
| Operating Expenses |
|
|
|
|
| Research Development |
17,304 |
21,057 |
19,718 |
22,024 |
| Selling General and Administrative |
17,264 |
21,736 |
23,690 |
20,883 |
| Non Recurring |
- |
- |
- |
3,240 |
| Others |
13,758 |
16,268 |
13,664 |
14,835 |
| Total Operating Expenses |
- |
- |
- |
60,982 |
| Operating Income or Loss |
13,835 |
15,617 |
20,491 |
18,289 |
| Income from Continuing Operations |
|
|
|
|
| Total Other Income/Expenses Net |
318 |
329 |
-213 |
480 |
| Earnings Before Interest And Taxes |
14,153 |
15,946 |
20,278 |
18,769 |
| Interest Expense |
279 |
1,132 |
1,172 |
1,342 |
| Income Before Tax |
13,874 |
14,814 |
19,106 |
17,427 |
| Income Tax Expense |
5,509 |
5,488 |
5,486 |
6,866 |
| Minority Interest |
- |
- |
- |
- |
| Net Income From Continuing Ops |
8,365 |
9,326 |
13,620 |
10,561 |
| Non-recurring Events |
|
|
|
|
| Discontinued Operations |
- |
- |
- |
- |
| Extraordinary Items |
- |
- |
- |
- |
| Effect Of Accounting Changes |
- |
- |
- |
- |
| Other Items |
- |
- |
- |
- |
| Net Income |
8,365 |
9,326 |
13,620 |
10,561 |
| Preferred Stock And Other Adjustments |
- |
- |
- |
- |
| Net Income Applicable To Common Shares |
8,365 |
9,326 |
13,620 |
10,561 |
Peer Comparison
|
|
AAPL |
BBRY |
GOOG |
HPQ |
Industry |
| Market Cap |
2.07B |
9.07B |
1.02B |
1.71B |
282.89M |
| Employees |
1,804 |
22,546 |
3,448 |
1,576 |
590 |
| Qtrly Rev Growth (yoy) |
35.0% |
1.0% |
-1.0% |
9.0% |
31.0% |
| Revenue (ttm) |
491.76M |
3.61B |
748.89M |
985.08M |
68.38M |
| Gross Margin (ttm) |
60.0% |
36.0% |
48.0% |
74.0% |
66.0% |
| EBITDA (ttm) |
133.10M |
699.97M |
122.13M |
380.06M |
-982.15K |
| Operating Margin (ttm) |
15.0% |
15.0% |
12.0% |
29.0% |
-13.0% |
| Net Income (ttm) |
41.87M |
457.58M |
36.63M |
178.23M |
N/A |
| EPS (ttm) |
0.96 |
2.88 |
1.10 |
3.07 |
N/A |
| P/E (ttm) |
49.95 |
20.38 |
28.27 |
10.05 |
36.22 |
| PEG (5 yr expected) |
1.12 |
2.68 |
2.95 |
0.65 |
0.75 |
| P/S (ttm) |
4.03 |
2.49 |
1.26 |
1.63 |
3.55 |
Upcoming Events
|
Date |
Event |
| Oct 26 - Oct 30, 2015 (Est.) |
Earnings announcement |
Recent Events
|
Date |
Event |
| 7/31/2015 |
SYNCHRONOSS TECHNOLOGIES INC Files SEC form 10-Q, Quarterly Report |
| 7/29/2015 |
SYNCHRONOSS TECHNOLOGIES INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements |
| 7/29/2015 |
Synchronoss Technologies Inc Earnings Call scheduled for 830 am ET today |
| 5/15/2015 |
SYNCHRONOSS TECHNOLOGIES INC Files SEC form 8-K, Submission of Matters to a Vote of Security Holders |
| 5/1/2015 |
SYNCHRONOSS TECHNOLOGIES INC Files SEC form 10-Q, Quarterly Report |
| 4/29/2015 |
SYNCHRONOSS TECHNOLOGIES INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements |
| 4/29/2015 |
Synchronoss Technologies Inc Earnings Call scheduled for 830 am ET today |
| 2/25/2015 |
SYNCHRONOSS TECHNOLOGIES INC Files SEC form 10-K, Annual Report |
Major Direct Holders
|
Major Direct Holders |
Shares |
Reported |
| MCCORMICK JAMES M |
2,191,144 |
Feb-15 |
| WALDIS STEPHEN G |
616,285 |
Jul-15 |
| CADOGAN WILLIAM J |
233,768 |
Jan-15 |
| IRVING LAWRENCE R. |
98,554 |
Mar-14 |
| GARCIA ROBERT |
84,122 |
Jul-15 |
Top Institutional Holders
|
Top Institutional Holders |
Shares |
% Out |
Value* |
Reported |
| Vanguard Group, Inc. (The) |
2,437,162 |
5.63 |
115,667,706 |
Mar-15 |
| BlackRock Fund Advisors |
2,208,467 |
5.10 |
104,813,841 |
Mar-15 |
| Wells Fargo & Company |
2,040,060 |
4.71 |
96,821,245 |
Mar-15 |
| Oak Ridge Investments, LLC |
1,871,252 |
4.32 |
88,809,618 |
Mar-15 |
| Royal Bank of Canada |
1,795,672 |
4.15 |
85,222,591 |
Mar-15 |
| BlackRock Institutional Trust Company, N.A. |
898,588 |
2.08 |
42,646,985 |
Mar-15 |
| Lord Abbett & Co |
879,697 |
2.03 |
41,750,418 |
Mar-15 |
| FMR, LLC |
6,244,574 |
14.43 |
296,367,475 |
Mar-15 |
| Dimensional Fund Advisors LP |
751,699 |
1.74 |
35,675,633 |
Mar-15 |
| LMCG Investments, LLC |
725,478 |
1.68 |
34,431,185 |
Mar-15 |
Balance sheet (Annual)
|
Period Ending |
29.09.2012 |
28.09.2013 |
27.09.2014 |
| Cash And Cash Equivalents |
36,028 |
63,512 |
235,967 |
| Short Term Investments |
20,188 |
9,105 |
51,097 |
| Net Receivables |
79,094 |
69,559 |
119,846 |
| Inventory |
- |
- |
- |
| Other Current Assets |
24,012 |
19,451 |
35,023 |
| Total Current Assets |
159,322 |
161,627 |
441,933 |
| Long Term Investments |
653 |
4,988 |
3,313 |
| Property Plant and Equipment |
58,162 |
106,106 |
151,171 |
| Goodwill |
127,322 |
137,743 |
147,135 |
| Intangible Assets |
110,760 |
101,963 |
99,489 |
| Accumulated Amortization |
- |
- |
- |
| Other Assets |
3,482 |
10,382 |
18,549 |
| Deferred Long Term Asset Charges |
6,961 |
4,210 |
1,232 |
|
|
|
|
| Total Assets |
466,662 |
527,019 |
862,822 |
|
|
|
|
| Liabilities |
|
|
|
| Current Liabilities |
|
|
|
| Accounts Payable |
50,638 |
47,447 |
67,716 |
| Short/Current Long Term Debt |
- |
- |
- |
| Other Current Liabilities |
24,233 |
15,394 |
19,919 |
| Total Current Liabilities |
74,871 |
62,841 |
87,635 |
| Long Term Debt |
9,540 |
9,252 |
239,204 |
| Other Liabilities |
7,594 |
7,287 |
3,178 |
| Deferred Long Term Liability Charges |
- |
- |
3,698 |
| Minority Interest |
- |
- |
- |
| Negative Goodwill |
- |
- |
- |
|
|
|
|
| Total Liabilities |
92,005 |
79,380 |
333,715 |
|
|
|
|
| Stockholders' Equity |
|
|
|
| Misc Stocks Options Warrants |
- |
- |
- |
| Redeemable Preferred Stock |
- |
- |
- |
| Preferred Stock |
- |
- |
- |
| Common Stock |
4 |
4 |
4 |
| Retained Earnings |
98,467 |
121,818 |
160,713 |
| Treasury Stock |
-67,918 |
-67,104 |
-66,336 |
| Capital Surplus |
344,469 |
393,644 |
454,740 |
| Other Stockholder Equity |
-365 |
-723 |
-20,014 |
| Total Stockholder Equity |
374,657 |
447,639 |
529,107 |
|
|
|
|
| Net Tangible Assets |
136,575 |
207,933 |
282,483 |
Balance sheet (Quarterly)
|
Period Ending |
27.09.2014 |
27.12.2014 |
28.03.2015 |
27.06.2015 |
| Cash And Cash Equivalents |
66,940 |
265,623 |
235,967 |
152,487 |
| Short Term Investments |
13,540 |
37,626 |
51,097 |
54,955 |
| Net Receivables |
90,461 |
112,881 |
119,846 |
141,134 |
| Inventory |
- |
- |
- |
- |
| Other Current Assets |
24,705 |
24,659 |
35,023 |
30,775 |
| Total Current Assets |
195,646 |
440,789 |
441,933 |
379,351 |
| Long Term Investments |
3,582 |
1,800 |
3,313 |
2,321 |
| Property Plant and Equipment |
102,696 |
130,623 |
151,171 |
160,252 |
| Goodwill |
140,282 |
151,055 |
147,135 |
173,367 |
| Intangible Assets |
99,808 |
107,350 |
99,489 |
109,766 |
| Accumulated Amortization |
- |
- |
- |
- |
| Other Assets |
9,413 |
19,830 |
18,549 |
18,532 |
| Deferred Long Term Asset Charges |
4,150 |
5,596 |
1,232 |
2,903 |
|
|
|
|
|
| Total Assets |
555,577 |
857,043 |
862,822 |
846,492 |
|
|
|
|
|
| Liabilities |
|
|
|
|
| Current Liabilities |
|
|
|
|
| Accounts Payable |
37,240 |
89,997 |
67,716 |
46,605 |
| Short/Current Long Term Debt |
- |
- |
- |
- |
| Other Current Liabilities |
18,895 |
19,529 |
19,919 |
11,957 |
| Total Current Liabilities |
56,135 |
109,526 |
87,635 |
58,562 |
| Long Term Debt |
9,258 |
239,226 |
239,204 |
244,055 |
| Other Liabilities |
3,577 |
3,579 |
3,178 |
2,781 |
| Deferred Long Term Liability Charges |
- |
- |
3,698 |
5,955 |
| Minority Interest |
- |
- |
- |
- |
| Negative Goodwill |
- |
- |
- |
- |
|
|
|
|
|
| Total Liabilities |
68,970 |
352,331 |
333,715 |
311,353 |
|
|
|
|
|
| Stockholders' Equity |
|
|
|
|
| Misc Stocks Options Warrants |
- |
- |
- |
- |
| Redeemable Preferred Stock |
- |
- |
- |
- |
| Preferred Stock |
- |
- |
- |
- |
| Common Stock |
4 |
4 |
4 |
4 |
| Retained Earnings |
137,767 |
147,093 |
160,713 |
171,274 |
| Treasury Stock |
-66,770 |
-66,336 |
-66,336 |
-65,969 |
| Capital Surplus |
415,827 |
436,503 |
454,740 |
469,312 |
| Other Stockholder Equity |
-221 |
-12,552 |
-20,014 |
-39,482 |
| Total Stockholder Equity |
486,607 |
504,712 |
529,107 |
535,139 |
|
|
|
|
|
| Net Tangible Assets |
246,517 |
246,307 |
282,483 |
252,006 |
Address
|
company |
200 Crossing Boulevard |
|
address |
8th Floor |
|
city_state_zip |
Bridgewater, NJ 08807 |
|
phone |
866-620-3940 |
Business Summary
Synchronoss Technologies, Inc. provides cloud solutions and software-based activation for connected devices worldwide. The companys services include intelligent connectivity management and content synchronization, backup, and sharing service procurement, as well as provisioning, activation, and support services that enable communications service providers, cable operators/multi-services operators, original equipment manufacturers with embedded connectivity, multi-channel retailers, and other customers to accelerate and monetize value-add services for connected devices. Its Activation Services, Synchronoss Personal Cloud, Synchronoss WorkSpace, and Integrated Life platforms provide automated on-demand, end-to-end order processing, transaction management, service provisioning, device activation, intelligent connectivity and content transfer, synchronization, and social media, as well as enterprise-wide sharing/collaboration through multiple channels, including e-commerce, m-commerce, telesales, enterprise, indirect, and retail outlets. The company markets and sells its services through direct sales force and strategic partners. Synchronoss Technologies, Inc. was founded in 2000 and is headquartered in Bridgewater, New Jersey.
