SYNC INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation on Behalf of Synacor, Inc. Investors

BENSALEM, Pa.--()--Law Offices of Howard G. Smith announces an investigation on behalf of Synacor, Inc. (“Synacor” or the “Company) (NASDAQ: SYNC) investors concerning the Company and its officers’ possible violations of federal securities laws.

On August 9, 2017, Synacor issued a press release announcing its Q2 2017 results. Therein, Synacor disclosed that a significant portion of the revenue it expected in Q3 and Q4 of 2017 was delayed to 2018. The delay was purportedly due to a “strategic decision” by the joint AT&T-Synacor team to “prioritize portal engagement” over monetization, which would cause a “longer ramp to full monetization.” On this news, Synacor’s share price fell $1.15, or 32.39%, to close at $2.40 on August 10, 2017, thereby injuring investors.

Then, on March 15, 2018, Synacor held a conference call to discuss its Q4 2017 results. On the call, Himesh Bhise, the Company’s CEO, further elaborated on problems with the Company’s AT&T contract. On this news, Synacor’s share price fell $0.30, or 14.63%, to close at $1.75 on March 16, 2018, thereby further injuring investors.

If you purchased Synacor securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com

Release Summary

SYNC INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation on Behalf of Synacor, Inc. Investors

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Contacts

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com