Several things to consider. I am not so concerned about the temporary revenue pullback from AT&T as the company stated they are revamping a new and better system that will be integrating a new platform as they build out their cloud platform,which is and will be the future. The company wasn't exactly detailed as to how this new transformation was to take place. As the company stated.
" while the revenue will be lower out of the gate, we still expect the new customer care channel to ultimately represent one of the largest channels to manage at AT&T and opens up new channels for future potential for Synchronoss and the customer service and support arena. Finally, we believe our ability to deliver a truly world class platform for AT&T customer care channel, further strengthens our relationship.
I don't believe the drop in revenue from AT&T will be significant in the near term.
What we need to focus on is there growing relationship with Verizon & Vodaphone The five year contract with Verizon is great news which also contributes to a stronger relationship with Vodaphone. It's all very clear to me. They moved into a bigger facility to handle more business...etc no reading in between the lines here. It's a win win situation that will explode into a much higher share price within the next 2 years. Long term hold but in my opinion worth the wait. The new thinking on wallstreet these days is immediate return the psychology of longer term investing unfortunately has fallen by the wayside as we see the market fluctuate on a daily basis. It comes down to believing in a companies business model and sticking with it. I for one have always believed in this company. I do trade in and out of it from time to time taking advantage of the swings. Then again as I stated the stock market is not what it was 20 years ago,so I just go with the times.