NEW YORK, April 27, 2017 /PRNewswire/ -- Levi & Korsinsky, LLP announces it has commenced an investigation of Synchronoss Technologies, Inc. ("Synchronoss") (NASDAQ: SNCR) concerning possible violations of federal securities laws. On April 27, 2017, Synchronoss announced that Chief Executive Officer Ronald Hovsepian and Chief Financial Officer John Frederick are both leaving the Company "to pursue other interests." Synchronoss also disclosed that it "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 "operating margins are expected to be 8% to 10%, which are less than previously announced guidance." On this news, shares of Synchronoss fell sharply during intraday trading on April 27, 2017. To obtain additional information, go to:
or contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972.
Levi & Korsinsky is a national firm with offices in New York, Connecticut, California and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
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SOURCE Levi & Korsinsky, LLP