Rating On Watch: Silver Spring Networks (NYSE:SSNI) Moves On Williams Capital Initiation. How Much Its Worth?

November 28, 2016 - By Darrin Black

Rating On Watch: Silver Spring Networks (NYSE:SSNI) Moves On Williams Capital Initiation. How Much Its Worth?

Why Williams Capital Gives Silver Spring Networks (NYSE:SSNI) $18.00 Price Target

In a a research report sent to investors and clients on 28 November, Williams Capital analyst just has started coverage of Silver Spring Networks (NYSE:SSNI) with Buy rating. The price target is exactly $18.00.

Silver Spring Networks Inc (NYSE:SSNI) Ratings Coverage

Out of 7 analysts covering Silver Spring Networks (NYSE:SSNI), 6 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 86% are positive. $17 is the highest target while $11.50 is the lowest. The $15.17 average target is 3.83% above today’s ($14.61) stock price. Silver Spring Networks has been the topic of 12 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Pacific Crest upgraded the shares of SSNI in a report on Monday, September 7 to “Overweight” rating. The stock of Silver Spring Networks Inc (NYSE:SSNI) earned “Outperform” rating by FBR Capital on Tuesday, November 8. The stock has “Strong Buy” rating given by Raymond James on Thursday, June 30. The rating was upgraded by KeyBanc Capital Markets on Tuesday, September 8 to “Overweight”. The rating was initiated by Oppenheimer with “Outperform” on Friday, September 11. Wunderlich maintained it with “Buy” rating and $17 target price in Wednesday, September 28 report. Wunderlich maintained Silver Spring Networks Inc (NYSE:SSNI) on Tuesday, February 9 with “Buy” rating. The company was initiated on Thursday, December 3 by Wunderlich.

About 83,627 shares traded hands. Silver Spring Networks Inc (NYSE:SSNI) has risen 4.40% since April 25, 2016 and is uptrending. It has underperformed by 1.61% the S&P500.

Analysts await Silver Spring Networks Inc (NYSE:SSNI) to report earnings on February, 21. They expect $-0.12 earnings per share, down 1,100.00% or $0.11 from last year’s $-0.01 per share. After $-0.02 actual earnings per share reported by Silver Spring Networks Inc for the previous quarter, Wall Street now forecasts 500.00% negative EPS growth.

Insitutional Activity: The institutional sentiment decreased to 1.26 in Q2 2016. Its down 0.79, from 2.05 in 2016Q1. The ratio dropped, as 17 funds sold all Silver Spring Networks Inc shares owned while 24 reduced positions. 27 funds bought stakes while 57 increased positions. They now own 38.38 million shares or 0.26% less from 38.48 million shares in 2016Q1.

Blackrock Institutional Tru Na last reported 0% of its portfolio in the stock. Foundation Capital Ltd Com holds 10.48 million shares or 30.9% of its portfolio. Tower Cap Limited Com (Trc) has invested 0.01% of its portfolio in Silver Spring Networks Inc (NYSE:SSNI). The Ontario – Canada-based Toronto Dominion Retail Bank has invested 0.01% in Silver Spring Networks Inc (NYSE:SSNI). Us National Bank & Trust De has 0% invested in the company for 6,422 shares. Citigroup last reported 4,034 shares in the company. Stifel Fincl holds 0% of its portfolio in Silver Spring Networks Inc (NYSE:SSNI) for 28,219 shares. First Mercantile holds 0.02% or 15,556 shares in its portfolio. Kbc Gru Nv, a Belgium-based fund reported 28,758 shares. Invesco has invested 0% of its portfolio in Silver Spring Networks Inc (NYSE:SSNI). Ubs Asset Management Americas has 0% invested in the company for 22,500 shares. Allianz Asset Ag has 199,784 shares for 0% of their US portfolio. Gotham Asset Mngmt Limited Liability accumulated 24,441 shares or 0% of the stock. Ameriprise holds 0% or 369,569 shares in its portfolio. Electron Prtn Limited Co last reported 1.32% of its portfolio in the stock.

Insider Transactions: Since May 31, 2016, the stock had 0 insider purchases, and 7 insider sales for $2.75 million net activity. Gianella Kenneth P. sold $9,821 worth of Silver Spring Networks Inc (NYSE:SSNI) on Friday, November 11. The insider Reeves Donald L. III sold $71,806. Another trade for 39,974 shares valued at $582,821 was made by Weiss Warren M on Tuesday, November 15. $13,870 worth of shares were sold by Arnold Richard S. Jr. on Monday, August 29. 144,542 shares with value of $1.92 million were sold by Lang Scott A. on Friday, June 3.

Silver Spring Networks, Inc. is engaged in creating, building and deploying networks and solutions enabling the Internet of things for critical infrastructure. The company has a market cap of $761.81 million. The Firm provides a networking platform and solutions that enable utilities to transform the power grid infrastructure into the smart grid. It has a 14.28 P/E ratio. The Company’s networking platform enables clients to communicate with devices connected to the power grid.

According to Zacks Investment Research, “Silver Spring Networks, Inc. operates as a networking platform and solutions provider for smart energy networks. It enables utilities to transform the power grid infrastructure into the smart grid. The Company supplies hardware, software and services that connect devices on the grid that deploys metering, demand response, distribution automation, and distributed generation. Silver Spring Networks, Inc. is headquartered in Redwood City, CA.”

SSNI Company Profile

Silver Spring Networks, Inc., incorporated on July 3, 2002, is engaged in creating, building and deploying large-scale networks and solutions enabling the Internet of things (IoT) for critical infrastructure. The Firm provides a networking platform and solutions that enable utilities to transform the power grid infrastructure into the smart grid. The Company’s networking platform enables clients to communicate with devices connected to the power grid. The Company’s networking platform comprises hardware, such as access points and relays; its SilverLinkOS network operating software, and its GridScape management and security software. The Firm offers an array of solutions built upon SilverLink Network and Data platforms, including advanced metering, distribution automation, demand-side management, street lights and wireless Internet protocol version 6 (IPv6) network service for the IoT, Starfish.

More news for Silver Spring Networks Inc (NYSE:SSNI) were recently published by: Wsj.com, which released: “Former Intel Gadget Specialist to Head Silver Spring Networks” on September 02, 2015. Fool.com‘s article titled: “What Investors Need to Know About Silver Spring Networks, Inc.’s Q3 Earnings” and published on December 05, 2015 is yet another important article.

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