I'm not bashing SYNC, I think it's a great company but I didn't believe that one deal justified the irrational buying that sent the stock to over $4. No it's down about 25% from the high it set last week. Anyway I will be buying if it goes below $3 after earnings.
SYNC will announce its Q1 2013 results on May 7, and that will give investors a better idea of the real health of this company. I do not expect the earnings to be encouraging, as SYNC management previously gave fairly low estimates. Also, any revenue earned from SYNC's new deal with Verizon will, of course, not be reported (Q1 represents only January to March). It will still be several months before SYNC's new revenue from Verizon will be reported in new income statements, and we will be able to see just how meaningful this new deal is.