Synchronoss Technologies is a mobile cloud innovation and software-based activation provider for mobile carriers.
Voxmobile is the wholly owned subsidiary of OnMobile Global Ltd, and provides personal cloud solutions to many of the world's leading mobile operators.
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- The revenue growth came in higher than the industry average of 8.2%. Since the same quarter one year prior, revenues rose by 25.8%. Growth in the company's revenue appears to have helped boost the earnings per share.
- SNCR's debt-to-equity ratio is very low at 0.02 and is currently below that of the industry average, implying that there has been very successful management of debt levels. Along with this, the company maintains a quick ratio of 3.17, which clearly demonstrates the ability to cover short-term cash needs.
- Compared to where it was a year ago today, the stock is now trading at a higher level, reflecting both the market's overall trend during that period and the fact that the company's earnings growth has been robust. Looking ahead, unless broad bear market conditions prevail, we still see more upside potential for this stock, despite the fact that it has already risen over the past year.
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Software industry. The net income increased by 1493.3% when compared to the same quarter one year prior, rising from $0.48 million to $7.58 million.
- You can view the full analysis from the report here: SNCR Ratings Report
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