Trade-Ideas LLC identified

Synchronoss Technologies

(

SNCR

) as a "dead cat bounce" (down big yesterday but up big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Synchronoss Technologies as such a stock due to the following factors:

  • SNCR has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $25.6 million.
  • SNCR has traded 73,240 shares today.
  • SNCR is up 4% today.
  • SNCR was down 7.4% yesterday.

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More details on SNCR:

Synchronoss Technologies, Inc. provides cloud solutions and software-based activation for connected devices worldwide. SNCR has a PE ratio of 33. Currently there are 6 analysts that rate Synchronoss Technologies a buy, no analysts rate it a sell, and 1 rates it a hold.

TST Recommends

The average volume for Synchronoss Technologies has been 630,100 shares per day over the past 30 days. Synchronoss has a market cap of $1.6 billion and is part of the technology sector and computer software & services industry. The stock has a beta of 1.65 and a short float of 20.8% with 9.41 days to cover. Shares are down 19.4% year-to-date as of the close of trading on Wednesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Synchronoss Technologies as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, reasonable valuation levels and good cash flow from operations. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself.

Highlights from the ratings report include:

  • The revenue growth greatly exceeded the industry average of 18.9%. Since the same quarter one year prior, revenues rose by 33.2%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • SYNCHRONOSS TECHNOLOGIES reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, SYNCHRONOSS TECHNOLOGIES increased its bottom line by earning $0.91 versus $0.58 in the prior year. This year, the market expects an improvement in earnings ($2.24 versus $0.91).
  • 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 81.2% when compared to the same quarter one year prior, rising from $8.37 million to $15.15 million.
  • Net operating cash flow has increased to $41.90 million or 36.89% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of -12.64%.

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