NEW YORK, April 28, 2017 /PRNewswire/ -- Tripp Levy PLLC is investigating claims on behalf of investors of Synchronoss Technologies, Inc. ("Synchronoss" or the "Company") (NASDAQ: SNCR). The investigation concerns whether Synchronoss and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On April 27, 2017, pre-market, Synchronoss announced the departure of both the Company's Chief Executive Officer Ronald Hovsepian and Chief Financial Officer John Frederick, advising investors that both would "pursue other interests." In addition, Synchronoss disclosed that the Company "expects total revenue for the first quarter of 2017 to be $13 million to $14 million less than the company's previously announced guidance" and that "[o]perating margins are expected to be 8% to 10%, which are less than previously announced guidance."
On these announcements, Synchronoss's share price has fallen as much as $12.10, or 49.15%, during intraday trading on April 27, 2017.
If you are a current shareholder of Synchronoss and would like additional information as to how the proposed breach of fiduciary duties may affect your rights as a shareholder, and how you may be eligible to potentially recover damages for your shares, please contact us at no cost at:
Tripp Levy PLLC represents individual and institutional shareholders in shareholder actions and has assisted in the recovery for shareholders in securities actions around the globe.
Attorney advertising. Prior results do not indicate a similar outcome.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/sncr-shareholder-alert-national-securities-law-firm-investigates-claims-on-behalf-of-investors-of-synchronoss-technologies-inc-300447858.html
SOURCE Tripp Levy PLLC