November 28, 2016 - By Hazel Jackson
Williams Capital initiated its coverage on Silver Spring Networks (SSNI), today 28 November. The broker finds the stock of SSNI attractive and has TP of $18.0 with Buy rating.
Out of 2 analysts covering Silver Spring Networks (SSNI), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $17.0 is the highest target while $17.0 is the lowest. The $17 average target is 15.80% above today’s ($14.68) stock price. Silver Spring Networks has been the topic of 2 analyst reports since September 28, 2016 according to StockzIntelligence Inc. FBR Capital initiated the stock with “Outperform” rating in Tuesday, November 8 report. Wunderlich maintained Silver Spring Networks Inc (NYSE:SSNI) rating on Wednesday, September 28. Wunderlich has “Buy” rating and $17.0 price target.
About 11,601 shares traded hands. Silver Spring Networks Inc (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 EPS, down 1,100.00% or $0.11 from last year’s $-0.01 per share. After $-0.02 actual EPS 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 2016 Q2. Its down 0.79, from 2.05 in 2016Q1. The ratio worsened, 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.
Ameriprise Financial accumulated 0% or 369,569 shares. Royal Financial Bank Of Canada last reported 22,500 shares in the company. Delta Lloyd Nv accumulated 0.08% or 192,000 shares. Pnc Financial Grp Inc accumulated 0% or 148 shares. Clarivest Asset Mngmt Lc holds 0.01% or 15,661 shares in its portfolio. Ahl Prtnrs Ltd Liability Partnership last reported 12,534 shares in the company. Neuberger Berman Grp Incorporated Ltd Liability has 1.77M shares for 0.03% of their US portfolio. Art Advsr Limited Liability Company last reported 49,581 shares in the company. Kcg Holdg last reported 14,894 shares in the company. Goldman Sachs Grp owns 17,118 shares or 0% of their US portfolio. Moreover, Tiaa Cref Investment Mgmt Lc has 0% invested in Silver Spring Networks Inc (NYSE:SSNI) for 115,819 shares. Blackrock Japan Ltd has 565 shares for 0% of their US portfolio. Electron Capital Limited Liability Company has 1.32% invested in the company for 439,250 shares. Marathon Capital holds 2.07% or 331,785 shares in its portfolio. Waddell Reed Finance Inc has invested 0.23% of its portfolio in Silver Spring Networks Inc (NYSE:SSNI).
Insider Transactions: Since May 31, 2016, the stock had 0 insider buys, and 7 selling transactions for $2.75 million net activity. Another trade for 1,000 shares valued at $13,870 was made by Arnold Richard S. Jr. on Monday, August 29. $582,821 worth of shares were sold by Weiss Warren M on Tuesday, November 15. Gianella Kenneth P. also sold $9,821 worth of Silver Spring Networks Inc (NYSE:SSNI) shares. 144,542 shares were sold by Lang Scott A., worth $1.92 million. 5,129 shares were sold by Reeves Donald L. III, worth $71,806 on Monday, August 29.
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 $765.46 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 14.35 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.”
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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