Lumine Group Closes Acquisition of Cloud Software Firm Synchronoss Technologies

Constellation Software ( (TSE:CSU) ) has provided an update.

Lumine Group has completed its acquisition of Synchronoss Technologies through a wholly owned subsidiary, adding a leading personal cloud and SaaS platform provider for global telecom operators to its communications and media software portfolio. The deal deepens Lumine’s presence in operator-branded cloud services and bolsters its buy-and-hold strategy in vertical market software, while giving Synchronoss a long-term owner positioned to invest in its cloud-first growth with Tier 1 service providers worldwide.

The most recent analyst rating on (TSE:CSU) stock is a Hold with a C$2426.00 price target. To see the full list of analyst forecasts on Constellation Software stock, see the TSE:CSU Stock Forecast page.

Spark’s Take on TSE:CSU Stock

According to Spark, TipRanks’ AI Analyst, TSE:CSU is a Neutral.

The score is supported by strong financial performance (margin improvement, solid cash generation, and high ROE), but is weighed down by very bearish technicals (below major moving averages with negative MACD) and a demanding valuation (high P/E with minimal dividend yield).

To see Spark’s full report on TSE:CSU stock, click here.

More about Constellation Software

Constellation Software is a serial acquirer that owns and operates vertical market software businesses delivering mission-critical solutions across multiple industries. Lumine Group, a Constellation spin-out, focuses on acquiring, strengthening, and growing communications and media software companies, while Synchronoss Technologies is a global provider of personal cloud solutions for telecommunications service providers.

Average Trading Volume: 87,071

Technical Sentiment Signal: Sell

Current Market Cap: C$49.26B

Find detailed analytics on CSU stock on TipRanks’ Stock Analysis page.