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Relatively Low Forward P/E Ratio Detected in Shares of Synchronoss Tech in the Application Software Industry (SNCR, EBIX, CDK, VRNT, NUAN)

By James Quinn

Below are the three companies in the Application Software industry with the lowest forward price to earnings (P/E) ratios. Forward P/E uses estimated earnings to compare relative value among companies in the same industry. Generally, the lower the forward P/E, the more undervalued a company is believed to be.

Synchronoss Tech ranks lowest with a a forward P/E ratio of 8.40. Following is Ebix Inc with a a forward P/E ratio of 10.04. Cdk Global Inc ranks third lowest with a a forward P/E ratio of 11.45.

Verint Systems follows with a a forward P/E ratio of 12.93, and Nuance Communica rounds out the bottom five with a a forward P/E ratio of 13.79.

SmarTrend recommended that its subscribers protect gains by selling shares of Verint Systems on August 14th, 2019 by issuing a Downtrend alert when the shares were trading at $52.91. Since that call, shares of Verint Systems have fallen 15.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: lowest forward p/e ratio synchronoss tech ebix inc cdk global inc verint systems nuance communica