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However, SNCR has lost 24.9% so far this year and 9.5% over the past three months to close Friday’s trading session at $3.53. This can be attributed primarily to its weak financials in the first quarter (ended March 31, 2021) and poor profitability. The company also continues to face intense competition from top players in the software space, such as SAP SE (DE:SAPG) (SAP) and Oracle Corporation (NYSE:ORCL).
Furthermore, SNCR is currently searching for a new CFO because its current CFO, David Clark, is expected to step down from his role on August 9, 2021. So, SNCR’s near-term prospects look uncertain.
