Latest news with #Synchronoss
Barnama
3 days ago
- Business
- Barnama
Synchronoss Secures EU-US Data Privacy Framework Certification, Bolstering Global Cloud Compliance
Synchronoss Secures EU-US Data Privacy Framework Certification, Bolstering Global Cloud Compliance KUALA LUMPUR, June 26 (Bernama) -- Synchronoss Technologies Inc (Synchronoss), a global leader and innovator in personal cloud platforms for telecoms, announced it has achieved certification under the EU-US Data Privacy Framework (DPF), a move that underscores its commitment to international data protection standards. The DPF, administered by the United States (US) Department of Commerce, is a transatlantic data transfer mechanism that enables certified US-based companies to legally receive and process personal data from the European Union (EU) in compliance with the EU's General Data Protection Regulation (GDPR). According to Synchronoss in a statement, the framework provides robust safeguards, enforcement mechanisms, and redress options to ensure personal data remains protected when transferred outside the EU. The certification enhances its global compliance capabilities and further affirms its position as a trusted partner of secure, white-label cloud solutions to Tier 1 telecom operators worldwide. 'Privacy and data protection are at the heart of our mission. Achieving this certification reinforces our pledge to deliver secure, scalable, and user-centric cloud services that meet global trust standards,' said Synchronoss President and Chief Executive Officer, Jeff Miller. Meanwhile, its Chief Privacy Officer, Mark Denihan noted that the certification goes beyond legal compliance, reflecting the company's broader commitment to responsible data governance. 'For our European partners, the DPF assures that data transfers are conducted with integrity, transparency, and accountability,' he added. The certification covers both human resources (HR) and non-HR data and adds to Synchronoss's broader compliance portfolio, which includes SOC 2 Type II, ISO 27001, and validation through TRUST/e. Synchronoss said this milestone supports its ongoing investment in privacy and data protection, aligning with rising regulatory expectations and customer demands in an increasingly data-driven global economy. -- BERNAMA
Barnama
3 days ago
- Business
- Barnama
Synchronoss Achieves EU-U.S. Data Privacy Framework Certification
BRIDGEWATER, N.J., June 26 (Bernama) -- Synchronoss Technologies, Inc. ('Synchronoss') (NASDAQ: SNCR), a global leader and innovator in personal cloud platforms for telecoms, today announced that it has achieved certification under the EU-U.S. Data Privacy Framework (DPF), administered by the U.S. Department of Commerce. The DPF is a transatlantic data transfer mechanism that enables U.S.-based organizations to receive and process personal data from the European Union in compliance with European privacy laws, such as the General Data Protection Regulation (GDPR). The framework provides robust safeguards, enforcement mechanisms, and redress options to ensure personal data remains protected when transferred outside the EU.
Yahoo
4 days ago
- Business
- Yahoo
Synchronoss Achieves EU-U.S. Data Privacy Framework Certification
Reinforcing Global Leadership in Data Protection, Compliance, and Consumer Trust BRIDGEWATER, N.J., June 25, 2025 (GLOBE NEWSWIRE) -- Synchronoss Technologies, Inc. ('Synchronoss') (NASDAQ: SNCR), a global leader and innovator in personal cloud platforms for telecoms, today announced that it has achieved certification under the EU-U.S. Data Privacy Framework (DPF), administered by the U.S. Department of Commerce. The DPF is a transatlantic data transfer mechanism that enables U.S.-based organizations to receive and process personal data from the European Union in compliance with European privacy laws, such as the General Data Protection Regulation (GDPR). The framework provides robust safeguards, enforcement mechanisms, and redress options to ensure personal data remains protected when transferred outside the EU. The DPF certification reinforces Synchronoss's longstanding commitment to international privacy standards and strengthens its position as a trusted partner to Tier 1 telecom operators around the world. 'Privacy and data protection are foundational to our mission as a white label cloud provider,' said Jeff Miller, President and CEO of Synchronoss. 'Achieving DPF certification builds on our global compliance framework and reinforces our promise to deliver secure, scalable, and consumer friendly cloud solutions that meet the highest standards of trust.' 'Our DPF certification reflects more than regulatory alignment, it demonstrates our steadfast dedication to responsible data governance,' added Mark Denihan, Chief Privacy Officer at Synchronoss. 'For our European partners, the Data Privacy Framework provides assurance that cross-border transfers of personal data are conducted with the highest standards of integrity, transparency, and accountability, values that are a hallmark of Synchronoss's global commitment to trusted data practices.' A Foundation of Trust The EU-U.S. DPF establishes legally enforceable safeguards for the transfer of personal data of EU individuals to certified U.S. organizations. This is particularly vital in the European landscape, where digital sovereignty and ethical data stewardship are paramount. Synchronoss's successful certification affirms its ability to manage both HR and non-HR data responsibly in cross-border contexts, supporting the data privacy expectations of global partners. With the addition of the DPF certification, Synchronoss further strengthens its comprehensive compliance framework. This achievement adds to Synchronoss's established suite of global credentials, including SOC 2 Type II for data security and integrity, ISO 27001 for information security management, and independent privacy validation through TRUST/e. Collectively, these certifications reflect a proactive and sustained investment in data protection and a robust global privacy infrastructure. To view Synchronoss's DPF certification, visit the U.S. Department of Commerce registry: more information about Synchronoss and its global privacy and compliance commitments, visit: About SynchronossSynchronoss Technologies (Nasdaq: SNCR), a global leader in personal Cloud solutions, empowers service providers to establish secure and meaningful connections with their subscribers. Our SaaS Cloud platform simplifies onboarding processes and fosters subscriber engagement using artificial intelligence (AI), machine learning and other advanced features, resulting in enhanced revenue streams, reduced expenses, and faster time-to-market. Millions of subscribers trust Synchronoss to safeguard their most cherished memories and important digital content. Explore how our Cloud-focused solutions redefine the way you connect with your digital world at Media Relations Contact:Domenick CileaSpringboarddcilea@ Ryan GardellaICR in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-06-2025
- Business
- Yahoo
Synchronoss Technologies, Inc. (SNCR) is Attracting Investor Attention: Here is What You Should Know
Synchronoss (SNCR) is one of the stocks most watched by visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Over the past month, shares of this mobile services company have returned -4.9%, compared to the Zacks S&P 500 composite's +1.7% change. During this period, the Zacks Internet - Software industry, which Synchronoss falls in, has gained 3.6%. The key question now is: What could be the stock's future direction? Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision. Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings. We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Synchronoss is expected to post earnings of $0.25 per share for the current quarter, representing a year-over-year change of -47.9%. Over the last 30 days, the Zacks Consensus Estimate has changed -52.4%. For the current fiscal year, the consensus earnings estimate of $1.17 points to a change of -28.2%. from the prior year. Over the last 30 days, this estimate has changed -23.9%. For the next fiscal year, the consensus earnings estimate of $1.72 indicates a change of +47% from what Synchronoss is expected to report a year ago. Over the past month, the estimate has remained unchanged. Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Synchronoss is rated Zacks Rank #5 (Strong Sell). The chart below shows the evolution of the company's forward 12-month consensus EPS estimate: While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth. For Synchronoss, the consensus sales estimate for the current quarter of $42.59 million indicates a year-over-year change of -2%. For the current and next fiscal years, $172.42 million and $179.25 million estimates indicate -0.7% and +4% changes, respectively. Synchronoss reported revenues of $42.21 million in the last reported quarter, representing a year-over-year change of -1.8%. EPS of -$0.3 for the same period compares with $0.44 a year ago. Compared to the Zacks Consensus Estimate of $42.11 million, the reported revenues represent a surprise of +0.25%. The EPS surprise was -203.45%. Over the last four quarters, Synchronoss surpassed consensus EPS estimates two times. The company topped consensus revenue estimates three times over this period. No investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance. While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price. The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued. Synchronoss is graded A on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade. The facts discussed here and much other information on might help determine whether or not it's worthwhile paying attention to the market buzz about Synchronoss. However, its Zacks Rank #5 does suggest that it may underperform the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Synchronoss Technologies, Inc. (SNCR) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-06-2025
- Business
- Yahoo
Synchronoss (SNCR) Stock Sinks As Market Gains: What You Should Know
In the latest close session, Synchronoss (SNCR) was down 2.79% at $6.96. This change lagged the S&P 500's 0.38% gain on the day. Elsewhere, the Dow gained 0.24%, while the tech-heavy Nasdaq added 0.24%. The stock of mobile services company has fallen by 5.79% in the past month, lagging the Computer and Technology sector's gain of 11.61% and the S&P 500's gain of 6.6%. Market participants will be closely following the financial results of Synchronoss in its upcoming release. On that day, Synchronoss is projected to report earnings of $0.25 per share, which would represent a year-over-year decline of 47.92%. In the meantime, our current consensus estimate forecasts the revenue to be $42.59 million, indicating a 2% decline compared to the corresponding quarter of the prior year. For the full year, the Zacks Consensus Estimates are projecting earnings of $1.17 per share and revenue of $172.42 million, which would represent changes of -28.22% and -0.68%, respectively, from the prior year. Any recent changes to analyst estimates for Synchronoss should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook. Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been a 23.91% fall in the Zacks Consensus EPS estimate. Right now, Synchronoss possesses a Zacks Rank of #5 (Strong Sell). Looking at its valuation, Synchronoss is holding a Forward P/E ratio of 6.12. This represents a discount compared to its industry average Forward P/E of 28.63. The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 48, this industry ranks in the top 20% of all industries, numbering over 250. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Keep in mind to rely on to watch all these stock-impacting metrics, and more, in the succeeding trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Synchronoss Technologies, Inc. (SNCR) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
