Synacor (SYNC) Announces Quarterly Earnings, Beats Expectations By $0.02 EPS
Synacor (NASDAQ:SYNC) issued its quarterly earnings data on Tuesday. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.02, AnalystRatings.Net reports. The company had revenue of $24.20 million for the quarter, compared to the consensus estimate of $24.12 million.
Shares of Synacor (NASDAQ:SYNC) traded down 2.10% on Tuesday, hitting $2.33. The stock had a trading volume of 47,200 shares. Synacor has a one year low of $2.12 and a one year high of $2.93. The stock’s 50-day moving average is $2.48 and its 200-day moving average is $2.45. The company’s market cap is $64.1 million.
A number of research firms have recently commented on SYNC. Analysts at Bank of America reiterated an “underperform” rating on shares of Synacor in a research note on Wednesday, May 14th. They now have a $2.40 price target on the stock, down previously from $2.50. Analysts at BMO Capital Markets reiterated a “market perform” rating on shares of Synacor in a research note on Wednesday, May 14th. They now have a $3.00 price target on the stock, down previously from $3.50.
Synacor, Inc (NASDAQ:SYNC) is a provider of solutions for delivery of online content and services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.