Progress At Synchronoss, But It’s Going To Be A Long Way Back

  • Synchronoss’s cloud business is now the main focus; the other two segments, which are still shrinking, will be treated as cash cows going forward.
  • Cloud is already 60%+ of revenue and produces good growth in the mid-teens, which is set to continue.
  • The company has also managed to bring its cost basis down structurally.
  • The death spiral of 14.5% in preferential shares which were taken out in June took a heavy toll out of the company, though.
  • So the way back for the shares is long.
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Progress At Synchronoss, But It’s Going To Be A Long Way Back