SNCR is seeing some surge in volume for the past few days.
Synchronoss Technologies, Inc. provides multi-channel transaction management solutions to the communications services and digital content marketplaces primarily in North America. SNCR offers its products and services to wireless service providers, voice over Internet protocol enablers, long distance carriers, and CSPs.
Revenue Growth:
for the past 2 years = 63.2%
for the past 3 years = 63.6%
Gross Margin:
for the past 2 years = 47.5%
for the past 3 years = 43.3%
Since Sept 2006 SNCR has been surprising positively with the earnings estimate, but the surprise amount has been decreasing though.
Morningstar Ratings are:
Growth: A-
Profitability: C+
Financial Health: A
Though momentum seems to be behind this stock, the P/E is very high (88.58 TTM) and that makes me think twice before making any moves.
More at: http://creating-wealth.blogspot.com/2007/07/stock-and-options-volume-grows-for-sncr.html
Moved back above the 50MA on volume.