The digital space is ever-evolving. With new technologies being developed, they have added a new level of ease and comfort to people’s busy lifestyles. From data storage solutions to multitasking between various platforms, technology has rapidly advanced and provided solutions for almost all problems faced by us in our personal and professional lives. Systems like cloud storage have made it easy to store data and use it wherever you want, whenever you need. Companies operating in this sector are constantly researching and developing solutions for problems we might not even realize we have, thereby making life smooth sailing.
It is popularly known that investing in technology stocks can make you rich and it is rightly said so. Technology companies have an edge over others because their products and services are applicable in almost all sectors. So when one sector is not doing well, the others can generate income for such companies. The high demand for their products and services is also the reason why these companies are able to generate high returns to their investors. Picking the right stocks in this industry will ensure that you get great returns, whether your objective is long term, short term, or medium term.
One such company engaged in the technology business is Synacor. The company’s stocks are listed on the Nasdaq index with the ticker ‘SYNC’. The company was earlier known as CKMP Inc but changed its name to Synacor Inc in 2001. Synacor Inc. (NASDAQ: SYNC at https://www.webull.com/quote/nasdaq-sync) operates as technology development, multiplatform services, and revenue partner for video, internet, and communications providers. It also offers its services to devise manufacturers, governments, and enterprises in the US and all around the world.
The company provides modern, multi-screen experiences for customers that require scale, actionable data, and sophisticated implementation. The company’s products are known for managing portals, advertising solutions, email and collaboration platforms and cloud-based identity management. The company’s mission is to enable its customers to better engage with their consumers by using their technology platforms to scale their businesses. Synacor was founded in 1998 and is headquartered in Buffalo, New York. Himesh Bhise is the CEO of Synacor.
The NASDAQ: SYNC stock is currently being traded for $1.08. The company has a market cap of $42.80 million. Analysts have arrived at a consensus recommendation of ‘hold’ on the stock. Before covid-19 was declared a pandemic the stock was traded at $1.04. The company reported an EPS of -$0.07. Its key competitors are Facebook, Equinix, SEA, eBay, Twitter, Verisign, Envestnet, LivePerson, Akamai Technologies, J2 Global, Cimpress, etc. You can do stock trading from your investing account.
Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.