Rating Worth Mentioning: Is Silver Spring Networks (NYSE:SSNI) a Sell? Get to Know What Williams Capital Group Thinks

November 28, 2016 - By Ruchi Gupta

Rating Worth Mentioning: Is Silver Spring Networks (NYSE:SSNI) a Sell? Get to Know What Williams Capital Group Thinks

Why Williams Capital Group Gives Silver Spring Networks (NYSE:SSNI) $18 Price Target

In a analysts report sent to investors on 28 November, equity analysts at Williams Capital Group started coverage on shares of Silver Spring Networks (NYSE:SSNI). The firm set a “Buy” rating with $18, giving 22.45% to target.

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 3.20% above today’s ($14.7) stock price. Silver Spring Networks has been the topic of 12 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm earned “Overweight” rating on Tuesday, September 8 by KeyBanc Capital Markets. As per Monday, September 7, the company rating was upgraded by Pacific Crest. The rating was initiated by Oppenheimer with “Outperform” on Friday, September 11. The stock of Silver Spring Networks Inc (NYSE:SSNI) earned “Buy” rating by Wunderlich on Tuesday, February 9. Wunderlich maintained it with “Buy” rating and $17 target price in Wednesday, September 28 report. The stock has “Buy” rating given by Wunderlich on Thursday, December 3. 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.

It is down 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 dived, 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.

Legal And General Group Public Limited Company has 6,907 shares for 0% of their US portfolio. Moreover, Jpmorgan Chase And has 0% invested in Silver Spring Networks Inc (NYSE:SSNI) for 186,603 shares. Stifel Finance holds 0% of its portfolio in Silver Spring Networks Inc (NYSE:SSNI) for 28,219 shares. Strs Ohio has 0% invested in the company for 59,400 shares. Teachers accumulated 0% or 58,793 shares. Gilder Gagnon Howe Ltd has 0.11% invested in the company for 455,625 shares. Cornerstone Capital Mngmt Ltd Limited Liability Company accumulated 0% or 5,623 shares. Moreover, Robecosam Ag has 0.48% invested in Silver Spring Networks Inc (NYSE:SSNI) for 489,000 shares. Menta Limited Liability Company reported 48,271 shares or 0.08% of all its holdings. Northern Corp owns 449,660 shares or 0% of their US portfolio. Morgan Stanley has invested 0% of its portfolio in Silver Spring Networks Inc (NYSE:SSNI). Group Inc One Trading L P holds 0% or 970 shares in its portfolio. Blackrock Advsrs Lc has invested 0% of its portfolio in Silver Spring Networks Inc (NYSE:SSNI). Capital Fund reported 32,600 shares or 0% of all its holdings. Moreover, State Board Of Administration Of Florida Retirement Sys has 0% invested in Silver Spring Networks Inc (NYSE:SSNI) for 16,163 shares.

Insider Transactions: Since May 31, 2016, the stock had 0 insider buys, and 7 sales for $2.75 million net activity. Gianella Kenneth P. also sold $23,384 worth of Silver Spring Networks Inc (NYSE:SSNI) shares. Arnold Richard S. Jr. had sold 8,621 shares worth $128,453 on Monday, November 21. $1.92 million worth of Silver Spring Networks Inc (NYSE:SSNI) was sold by Lang Scott A. on Friday, June 3. The insider Weiss Warren M sold 39,974 shares worth $582,821. Reeves Donald L. III sold 5,129 shares worth $71,806.

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 $766.50 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 14.37 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Tags: , ,

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>