Synchronoss Stock Reverses On Cloud Growth Forecast

By | February 6, 2015

Scalper1 News

Synchronoss Technologies stock reversed hard Thursday after the company’s 2015 revenue outlook for its growing cloud business worried investors. Before the open, the provider of mobile cloud data storage and mobile activation services posted Q4 earnings and sales well ahead of Wall Street targets. Shares rose more than 9% just after the open — then steadily fell for the next three hours before plateauing, ending the day down nearly 7%. A deeper Scalper1 News

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