Synacor Shares Down After Company Says AT&T to Select New Portal Provider For ATT.net

Date : 07/11/2019 @ 11:26PM
Source : Dow Jones News
Stock : AT&T (T)
Quote : 38.08  -0.15 (-0.39%) @ 3:59PM
AT&T share price Chart

Synacor Shares Down After Company Says AT&T to Select New Portal Provider For ATT.net

Synacor (NASDAQ:SYNC)
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6 Months : From Apr 2019 to Oct 2019

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   By Stephen Nakrosis 
 

Shares of Synacor, Inc. (SYNC) are falling in Thursday's after-hours market, after the company said AT&T Inc. (T) notified Synacor of its intention to select a new provider of portal services for ATT.net.

At 5:35 p.m. ET, Synacor shares had fallen 11.84% to trade at $1.34, on volume of over 24,000 shares. The company's shares lost 1.94% in the day's regular trading session, to close at $1.52.

The technology services company said it was maintaining its second-quarter and full-year guidance, based on the expectation that wind-down and migration talks will "take many months and will be subject to mutual agreement between AT&T and Synacor."

 

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

July 11, 2019 18:11 ET (22:11 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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