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SYNC

Synacor

16:16
08/09/17
08/09
16:16
08/09/17
16:16

Synacor sees Q3 revenue $35M-$40M, consensus $48.3M

"The joint AT&T-Synacor team has made the strategic decision to prioritize portal engagement right now over monetization. We are seeing the results of this focus in deeper engagement metrics. We are already generating revenue from this new consumer experience, but we expect that additional monetization tactics will be turned on at a more deliberate pace, which will result in a longer ramp to full monetization. As a result, a significant portion of the revenue that we were expecting in Q3 and Q4 this year is delayed to 2018, and we are adjusting our financial guidance for 2017 accordingly. We believe that this engagement-focused strategy ultimately leads to a stronger, more sustainable business," the company said. Synacor expects to report a net loss of $0.7M to $3.0M and adjusted EBITDA of $0.5M to $2.5M in Q3.

  • 09

    Aug

  • 09

    Aug

SYNC Synacor

06/26/17
CHLM
06/26/17
NO CHANGE
Target $5
CHLM
Buy
AT&T portal ramping earlier than expected for Synacor, says Craig-Hallum
Craig-Hallum analyst George Sutton said Synacor's (SYNC) launch of the AT&T.net (T) portal has ramped up a bit earlier than he'd anticipated and noted that its website metrics suggest it is being well received by users. Sutton, who thinks success from this initiative should lead to a significant acceleration in the third quarter, keeps a Buy rating and $5 price target on Synacor shares.
04/18/17
04/18/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Arconic (ARNC) initiated with a Neutral at JPMorgan. 2. Priceline (PCLN) coverage transferred with an Outperform at Macquarie. 3. Interpublic Group (IPG) was initiated with an Outperform at Evercore ISI while Omnicom (OMC) was initiated with an In Line. 4. Alteryx (AYX) was initiated with an Outperform at William Blair, Raymond James, JMP Securities, and Cowen, an Overweight at Pacific Crest, a Buy at Goldman Sachs, and a Neutral at JPMorgan. 5. Synacor (SYNC) initiated with a Buy on upcoming growth at Canaccord. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
04/18/17
ADAM
04/18/17
INITIATION
Target $8
ADAM
Buy
Synacor initiated with a Buy on upcoming growth at Canaccord
Canaccord analyst Michael Graham initiated Synacor (SYNC) with a Buy and an $8 price target telling investors the company is positioned for sustained growth driven by the AT&T (T) contract and by revenue diversification. Graham said the AT&T deal will add approximately $79M in incremental revenue by 2018 and $100M by 2019, growing 5% in each year through 2021 and recurring revenues from the newer Email and Cloud ID businesses are faster growth and higher-margin compared to the legacy portal business, growing in the mid-20% range in the short term. The analyst views valuation is more reflective of a declining business while Synacor is growing nicely.
03/27/17
CHLM
03/27/17
INITIATION
Target $5
CHLM
Buy
Synacor initiated with a Buy at Craig-Hallum
Craig-Hallum analyst George Sutton started Synacor with Buy rating and $5 price target saying that it presents big built-In growth at a compelling price.

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