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Sept. 21, 2020, 5:17 p.m. EDT

Synchronoss stock falls following CEO departure

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By Wallace Witkowski

SNCR

Synchronoss Technologies, Inc.  /zigman2/quotes/203882576/composite SNCR -4.25% shares fell in the extended session Monday after the cloud services company said its chief executive resigned following allegations he violated the company’s code of conduct. Synchronoss shares fell 12% after hours, following a 1.3% decline in the regular session to close at $3.68. The company said CEO Glenn Lurie resigned as the board reviews “allegations of personal misconduct.” Chief Commercial Officer Jeff Miller was appointed interim CEO while the board conducts and executive search.

/zigman2/quotes/203882576/composite
US : U.S.: Nasdaq
$ 2.82
-0.13 -4.25%
Volume: 61,736
Oct. 27, 2020 10:25a
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$134.46 million
Rev. per Employee
$228,179
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