Synacor, Inc. operates as a technology development, multiplatform services, and revenue partner for video, Internet, and communications providers; and device manufacturers and enterprises. It enables its customers to provide their consumers engaging, multiscreen experiences with products that require scale, actionable data and implementation. The company, through its managed portals and advertising solutions, enable its customers to earn revenue by monetizing media among their consumers. It also offers recurring and fee-based revenue solutions, including End-to-End Advanced Video Services that enable customers to provide their consumers with TV everywhere and multiscreen over the top services; Cloud ID Authentication that offer home-based auto-authentication and social login, which enhances the consumer experience by reducing login failures; Search & Discovery Metadata Platform, which helps consumers find their desired content; and Email/Collaboration Services that include white-label hosting, security, and migration. The company was formerly known as CKMP, Inc. and changed its name to Synacor, Inc. in July 2001. Synacor, Inc. was founded in 1998 and is headquartered in Buffalo, New York.
Big pop in AH for SYNC on AT&T contract. Synacor shares skyrocket on AT&T Internet contract Synacor Inc. shares skyrocketed in the extended session Wednesday after AT&T Inc. awarded the video and Internet tech company a portal services contract that could bring in about $100 million a year in revenue beginning in 2017. Synacor SYNC, +151.77% shares jumped 130% to $3.25 after hours on heavy volume. Under the contact, Synacor will provide AT&T T, -0.08% with desktop and mobile portal services designed to engage users and make money off of search results and advertising. Synacor expects to have early products up by the second quarter, with a broader offering by the fourth quarter. Synacor's gain is Yahoo Inc.'s YHOO, +0.08% loss as AT&T shifts its portal hosting and search business away from Yahoo. http://stockaholics.net/forums/stock-message-boards-nyse-nasdaq-amex.3/create-thread
A little-known telecom stock is soaring after the company nabbed a major AT&T deal from Yahoo http://qz.com/676935/a-little-known...he-company-nabbed-a-major-att-deal-from-yahoo Shares in a small-time technology company from Buffalo, New York, are soaring today (May 5) after the firm snatched a major AT&T deal away from Yahoo. Little-known outside of the telecommunications world, Synacor provides private-label web portals for brands like Verizon and Charter Communications. On May 4, after the close of US markets, it announced a three-year deal to manage AT&T’s web and mobile portals, as well as search. Synacor estimates the contract will bring in $100 million in revenue a year by 2017. At that rate, the company reportedly could triple in size (paywall) over the life of the contract. Synacor’s shares closed at $1.41 yesterday and shot up 170% in pre-market trading. The stock opened today at $3.81.
Not sure how I missed this, but I started another thread in the penny stock section, but lets stick with this one.
Analyst Upgrade/Downgrade Update Brokerage firm: Ladenburg Thalmann Change: Coverage Initiated Previous Rating: N/A Current Rating: Buy Previous Price Target: N/A Current Price Target: $7
Been holding this one for a while. Not too much on it but figure it should get moving up over time. Sitting at break even right now
Synacor ($SYNC) is under pressure in pre-market trading after the company announced it intends to offer shares of its common stock in an underwritten public offering.
