The market's choppy/consolidating pattern characterized much of the last 5 months of 2007. However, with the start of 2008 and the entrance of new-year money flows, it's prudent to add a growth play or two, to be well-positioned for improving economic conditions, should they occur, and a growth stock worth a review is Synchronoss Tech.

Synchronoss Technologies, Inc. Tech (Nasdaq: SNCR) provides software and services that communications service providers use to manage tasks such as service activation and customer transactions, including additions, subtractions, and changes to service plans.

Analysts see 2008 revenue advancing 40-50% following a likely 60-70% revenue gain in 2007. Subscriber growth should be strong, with solid margins.
Equally important, analysts see increased market adoption of SNCR's customer service platform because it reduces costs and improves customer service. Additionally international expansion opportunities also abound. The Reuters F2007/F2008 EPS consensus estimates for SNCR are $0.72 /$0.92.

The risks? SNCR's results would suffer if its largest customer, AT&T Inc. (NYSE: T), did not renew its contract. Analysts are also watching wireless communications sector orders, and intensifying competition.

The First Call mean rating for SNCR is: Buy [8 firms]. Mean 2008 target: $44.00 [high: $55, low: $35].

Stock Analysis: Synchronoss Tech is a moderate-risk stock not suitable for low-risk investors. Investors with an investment horizon longer than 2 years should be rewarded from SNCR's shares. Sell/Stop Loss if you were to purchase shares in this company: $19.

Disclosure: Lazzaro has no positions in stocks. In addition to private real estate holdings, he owns corporate and municipal bonds, and cash certificates of deposit.