Syniverse Holdings: When in roam
Feeling a little overwhelmed with your communications options? Syniverse Holdings Inc. (NYSE:SVR) wants its customers — and its customers’ customers — to become masters of their mobile communications universe.
Based in Tampa, Fla., the company has grown over the past 21 years — the past three as a public company — to enable communications companies to provide interoperability among their voice and data networks. Syniverse sells the goods that let you “roam” on cell phones in the United States and in many other countries. Its back-office telecommunications technology also delivers number portability when customers switch carriers.
Syniverse hasn’t given investors many reasons to roam despite the difficult stock market. The stock is down 5.7% year to date, and down about 6% in the past three months. Syniverse has struggled to regain the 52-week high of $22.93 seen on May 19, while its recent low was recorded on Jan. 9, when shares sank to $13.50.
Analysts who cover Syniverse remain positive about its prospects. Of the 11 surveyed by Thomson Reuters, two have the stock as a “strong buy,” five rate it a “buy,” and four call it a “hold.” On Monday, Syniverse closed at $14.69.
Syniverse’s roots go back to 1987, when it was created as GTE Telecommunication Services, a unit of GTE to work on the need for wireless telephone roaming. Two years after Verizon (NYSE:VZ) was formed from the merger of GTE and Bell Atlantic, the unit’s managers and an investor group acquired the business, which had its initial stock offering in 2005. Since early 2006, Terry Holcombe has served as president . . .
Based in Tampa, Fla., the company has grown over the past 21 years — the past three as a public company — to enable communications companies to provide interoperability among their voice and data networks. Syniverse sells the goods that let you “roam” on cell phones in the United States and in many other countries. Its back-office telecommunications technology also delivers number portability when customers switch carriers.
Syniverse hasn’t given investors many reasons to roam despite the difficult stock market. The stock is down 5.7% year to date, and down about 6% in the past three months. Syniverse has struggled to regain the 52-week high of $22.93 seen on May 19, while its recent low was recorded on Jan. 9, when shares sank to $13.50.
Analysts who cover Syniverse remain positive about its prospects. Of the 11 surveyed by Thomson Reuters, two have the stock as a “strong buy,” five rate it a “buy,” and four call it a “hold.” On Monday, Syniverse closed at $14.69.
Syniverse’s roots go back to 1987, when it was created as GTE Telecommunication Services, a unit of GTE to work on the need for wireless telephone roaming. Two years after Verizon (NYSE:VZ) was formed from the merger of GTE and Bell Atlantic, the unit’s managers and an investor group acquired the business, which had its initial stock offering in 2005. Since early 2006, Terry Holcombe has served as president . . .
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