Synchronoss Joins Russell 2000 Index, Solidifying Position as a Leading Small-Cap SaaS Company | SNCR Stock News

Jul 01, 2025

Synchronoss Technologies (NASDAQ: SNCR) has been added to the Russell 2000® Index as of June 30, 2025.
The company has successfully transitioned to a high-margin, Cloud-only SaaS business model.
Synchronoss reported strong financial performance in Q1 2025, continuing positive trends from 2024.

Synchronoss Technologies, Inc. (NASDAQ: SNCR), a global leader in personal cloud platforms, has announced its inclusion in the Russell 2000® Index, effective June 30, 2025. This milestone follows the company's strategic shift to a cloud-focused Software as a Service (SaaS) business model, which has resulted in a more resilient and predictable structure.

CEO Jeff Miller highlighted the company's evolution into a high-margin, Cloud-only SaaS operation, which has significantly bolstered its financial performance. Synchronoss reported strong results in the first quarter of 2025, maintaining the positive momentum that characterized its business in 2024.

This recent inclusion in the Russell 2000® Index is expected to increase Synchronoss's visibility and potentially attract more investor interest. The company continues to innovate and provide robust personal cloud solutions that enhance subscriber engagement through the use of artificial intelligence (AI) and machine learning.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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