Synchronoss Maintains Its Expectation For FY24 Revenue To Range $170M-$175M, Est $171.567M
Portfolio Pulse from Benzinga Newsdesk
Synchronoss Technologies, Inc. has reaffirmed its fiscal year 2024 revenue forecast to be between $170 million and $175 million, aligning with analyst expectations of $171.567 million. The company also expects its adjusted EBITDA for the same period to be between $42.0 million and $45.0 million. This outlook is based on the continuation of positive trends with its customers experienced throughout 2023 and into the first quarter of 2024.
May 07, 2024 | 9:30 pm
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Synchronoss Technologies reaffirms its FY24 revenue forecast to be $170M-$175M, with adjusted EBITDA expected between $42M-$45M, reflecting ongoing positive customer trends.
Reaffirming its revenue and EBITDA forecasts for FY24 indicates Synchronoss Technologies' confidence in its business model and ongoing customer relationships. This positive outlook, especially when in line with analyst expectations, is likely to instill investor confidence and could lead to a short-term positive impact on SNCR's stock price. The emphasis on the continuation of positive trends with customers further supports the potential for sustained growth and profitability.
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IMPORTANCE 90
RELEVANCE 100