Revenue Update on Synacor Inc(NASDAQ:SYNC)

Synacor Inc(NASDAQ:SYNC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $30.48M. Analysts estimated a revenue of $30.50M. Earnings per share were $-0.09. Analysts had estimated an EPS of $-0.10.

Synacor Inc (SYNC) made into the market gainers list on Fridays trading session with the shares advancing 0.35% or 0.01 points. Due to strong positive momentum, the stock ended at $2.89, which is also near the day’s high of $2.91. The stock began the session at $2.91 and the volume stood at 69,923 shares. The 52-week high of the shares is $3.98 and the 52 week low is $1.03. The company has a current market capitalization of $87 M and it has 3,00,22,369 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 15, 2016, Jordan Levy (director) sold 25,000 shares at $3.08 per share price.Also, On Mar 11, 2015, Gary L Ginsberg (director) purchased 20,000 shares at $2.33 per share price.On Mar 9, 2015, William John Stuart (CFO) purchased 15,000 shares at $2.17 per share price, according to the Form-4 filing with the securities and exchange commission.

Synacor Inc. is a provider of start experiences (startpages and homescreens) video solutions identity management (Cloud ID) and various cloud-based services across various devices for cable satellite telecom and consumer electronics companies. The Company is also a provider of authentication and aggregation solutions enabling the delivery of personalized online content. The Company’s technology allows its customers to package various personalized online content and cloud-based services with their Internet communications television and other digital offerings. The Company’s customers offer the Company’s services under their own brands on Internet-enabled devices such as personal computers (PCs) tablets smartphones and connected Televisions. Its product offerings include Start Watch and Communicate. Its products and services include start experiences advertising video experience cloud ID communications (email) and subscriber-based services.

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