QUOTE AND NEWS
Benzinga  10 hrs ago  Comment 
Evogene (NYSE: EVGN) shares touched a new 52-week low of $12.39 after the company reported a Q2 loss of $0.13 per share on revenue of $3.85 million. Synacor (NASDAQ: SYNC) shares reached a new 52-week low of $1.94. Synacor's PEG ratio is...
Benzinga  Aug 14  Comment 
In a report published Thursday, Albert Fried & Company analyst Rich Tullo downgraded the rating on Synacor (NASDAQ: SYNC) from Overweight to Market Perform, and lowered the price target from $5.00 to $3.50. In the report, Albert Fried & Company...
StreetInsider.com  Aug 13  Comment 
The following is a list of notable articles to help get you through the lunch hour: Petrobras (PBR), Vale SA (VALE) Active on Rumors Campos in Plane Crash -> Read this! Kandi Technologies (KNDI) Boounces Back Following Post-Q2 Profit Taking ->...
Benzinga  Aug 13  Comment 
In a report published Wednesday, Bank of America analyst Nat Schindler reiterated an Underperform rating on Synacor (NASDAQ: SYNC), but lowered the price target from $2.40 to $2.00. In the report, Bank of America noted, “Synacor reported 2Q14...
SeekingAlpha  Aug 13  Comment 
Synacor, Inc. (NASDAQ:SYNC) Q2 2014 Earnings Conference Call August 12, 2014, 5:00 PM ET Executives Denise Garcia - IR Himesh Bhise - CEO Bill Stuart - CFO Analysts Jason Mitchell - Bank of America Merrill Lynch San...
SeekingAlpha  Aug 12  Comment 
The following audio is from a conference call that will begin on August 12, 2014 at 17:00 PM ET. The audio will stream live while the call is active, and can be replayed upon its completion. Listen now Complete Story »
TheStreet.com  Jun 27  Comment 
NEW YORK (The Deal) -- Two shareholders are demanding that Synacor put itself up for sale, as changes in search engine technology affect its bottom line. Michael Torok of technology focused private equity firm JEC Capital Partners and Bart Kool...
DailyFinance  Jun 25  Comment 
New Ford SYNC® 911 Assist™ features debuting on the 2015 Ford Mustang will offer emergency dispatchers more potentially vital information to better inform first responders en route to an accident. “911 Assist uses a...
StreetInsider.com  Jun 25  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Synacor+%28SYNC%29+Enters+Partnership+with+DISH+%28DISH%29+for+Cloud+ID+Social+Login/9611589.html for the full story.
StreetInsider.com  Jun 18  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Synacor+%28SYNC%29+Will+Provide+Cloud+ID+Authentication+Tech+for+TELUS+%28TU%29/9592885.html for the full story.




 

Synacor (NASDAQ:SYNC) provides services which allow cable and telecommunications providers to offer hosted and managed platforms. In particular, Synacor offers a platform onto which its customers end users can sign on and gain access to packaged online content and services. These services includes email, online games, movie, and security. Synacor makes money by displaying ads to the end users and by charging fees for value added services. Part of this revenue is shared with the company's direct customers - the cable and telecom companies.[1]


Business Overview

For the first nine months of 2011 ended in September, Synacor reported a total revenue of $62M. This resulted in a net income of $2.2M. For the same period in 2010, Synacor had a total revenue of $48M and a net loss of $3.2M [2]

New Updates

The company's initial public offering of stock on the NASDAQ occurred on February 9, 2012. The company offered 6.8M shares each for $5. This was at the low end of the $5-$6 revised price range. The company had initially announced that it would price in the $10-$12 range. The deal raised a total of $34M. The lead mangers of the deal were BofA and Citi.[3]

Trends & Forces

Competition with Google

Synacor generates a substantial portion of its revenue through a search agreement with Google. In return for directing search queries on the platform through Google, Synacor receives a portion of the per-click payment Google receives from its search ads. While this relation is key to Synacor's revenue, the two companies compete as online media distribution channels. While Synacor does not compete with Google for its clients, they do compete for end internet users. These internet users use both Google's and Synacor's platforms to easily access online content and services. [4]

  1. SYNC S-1/A 2012 PROSPECTUS SUMMARY "Our Business" pg. 1-3
  2. SYNC S-1/A 2012 PROSPECTUS SUMMARY "Summary Financial and Other Data" pg. 8-10
  3. Renaissance Capital - IPO Home "Synacor prices at $5, low end of the revised range" 10 Feb 2012
  4. SYNC S-1/A 2012 PROSPECTUS SUMMARY "Risk Factors" pg. 12-15
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki