Synchronoss And Verizon Sign Cloud Contract Extension Through 2030
Portfolio Pulse from Benzinga Newsdesk
Synchronoss Technologies and Verizon have signed a contract extension for cloud services through 2030. The extended contract will allow Verizon to continue using Synchronoss' cloud platform for its customers.
July 19, 2023 | 12:14 pm
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Verizon has extended its contract with Synchronoss Technologies for cloud services through 2030, ensuring continued access to Synchronoss' cloud platform.
The contract extension with Synchronoss allows Verizon to continue using its cloud platform for its customers. While this is beneficial for Verizon's operations, it is a continuation of existing services and thus may not have a significant impact on the company's stock price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Synchronoss Technologies has secured a contract extension with Verizon for cloud services through 2030, which could provide a steady revenue stream.
The contract extension with Verizon ensures a steady revenue stream for Synchronoss for the next decade. This could positively impact the company's financial stability and growth prospects, potentially leading to a rise in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100