Synchronoss Technologies Shares Rallied: What You Need to Know

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Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Synchronoss Technologies (NAS: SNCR) rallied today by upwards of 14% after the company reported fourth-quarter earnings last night.

So what: Sales added up to $62.3 million, slimly topping the market's expectation of $61.6 million. Earnings per share registered a bigger beat by coming in at $0.34, compared to the $0.23 estimate.

Now what: Synchronoss played and won the guidance game, forecasting full-year 2012 sales of $280 million to $290 million with earnings per share expected to be between $1.07 and $1.11, topping estimates on both counts. CEO Stephen Waldis said, "We experienced strong transaction volumes related to smartphones and connected devices which led to increased automation rates and much-stronger-than-expected profitability."

Interested in more info on Synchronoss Technologies? Add it to your Watchlist by clicking here.

At the time this article was published Fool contributorEvan Niuholds no position in any company mentioned.Click hereto see his holdings and a short bio. Try any of our Foolish newsletter servicesfree for 30 days. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.

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