Synchronoss Technologies' Market & CompetitionĪccording to a recent market research report by Mordor Intelligence, the market for customer engagement solutions was an estimated $15.5 billion in 2020 and is forecast to reach nearly $31 billion by 2026. The firm acquires customers through its direct sales, marketing and inside sales team efforts.
The firm is headed by Chief Executive Officer Jeff Miller, who was previously President of IDEAL Industries Technology Group and Corporate Vice President of North America for Motorola Mobility.ĮngageX - communication and engagement tools I'm on Hold for SNCR for the remainder of 2022.īridgewater, New Jersey-based Synchronoss was founded in 2000 to provide a suite of storage, messaging, commerce solutions, customer experience and network infrastructure design and management solutions to businesses. Given SNCR's flat forward revenue growth guidance, it is difficult to ascertain a meaningful catalyst to the stock in the near term.
ENGAGEX COMMERCIAL PROSPECTING SOFTWARE
The company provides a range of software communication, onboarding and network management tools to businesses. (SNCR) recently reported its Q2 2022 financial results on Augas it continues its transition to a cloud-first strategy. I'm on Hold for SNCR until it can reignite total revenue growth. SNCR has produced flat growth as it transitions to a cloud-based approach. The firm provides a range of communications, engagement and network management software to businesses. Synchronoss Technologies recently reported its Q2 2022 financial results. Synchronoss Technologies Seeks Growth Amid Cloud Transition
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