Silver Spring Networks, Inc. (NYSE:SSNI) Valuation According To Analysts

Why Silver Spring Networks Inc. Stock Skyrocketed Today

Why Silver Spring Networks Inc. Stock Skyrocketed Today

KeyBanc Capital Markets upgraded the shares of SSNI in report on Tuesday, September 8 to "Overweight" rating.

Several brokerages have recently commented on SSNI. The firm has "Strong Buy" rating given on Thursday, June 30 by Raymond James.

Analysts on average have given a price target of $14 to Silver Spring Networks, Inc. The stock of Silver Spring Networks Inc (NYSE:SSNI) earned "Buy" rating by Wunderlich on Tuesday, February 9. Georgia-based Gmt Capital Corp has invested 0.04% in Silver Spring Networks Inc (NYSE:SSNI). The stock of Silver Spring Networks Inc (NYSE:SSNI) has "Outperform" rating given on Friday, September 11 by Oppenheimer. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company's stock. The stock has an average rating of "Hold" and a consensus price target of $15.04. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 5.01% with $52.52 Million sitting short, betting on future declines. Friess Associates Ltd Liability Corporation holds 0.07% of its portfolio in Silver Spring Networks Inc (NYSE:SSNI) for 52,000 shares. Shares were disposed in a price range of $12.60, amounting $176,324.40. after the sale, the executive has an ownership of 647,031 company stock worth at roughly $8,152,590.60. It has a market cap of $855.72 Million.

Itron, a company that offers energy and water resource management services, has agreed to Acquire Silver Spring Networks. They expect $-0.04 EPS, up 71.43% or $0.10 from last year's $-0.14 per share. The company had revenue of $261.60 million for the quarter, compared to analyst estimates of $69.10 million. The company's quarterly revenue was up 114.6% compared to the same quarter previous year. Sei Company accumulated 0% or 26,930 shares.

Wall Street analysts are predicting that Silver Spring Networks Inc Co (NYSE:SSNI) will report earnings per share of $0.01 in their quarterly report.

TRADEMARK VIOLATION WARNING: This piece was first posted by Week Herald and is the property of of Week Herald. If you are accessing this article on another site, it was illegally stolen and republished in violation of United States and worldwide copyright & trademark law. The correct version of this report can be viewed at https://www.truebluetribune.com/2017/09/19/jmp-securities-lowers-silver-spring-networks-inc-ssni-to-market-perform.html. 7,092,200 shares of the company's stock traded hands. In the last three months, insiders sold 84,065 shares of company stock worth $1,041,724.

03/29/2016 - Avondale Partners began new coverage on Silver Spring Networks, Inc. giving the company a "market outperform" rating. Bronfman E.l. Rothschild, L.p. owns 1,132 shares valued at $13,000. Ardsley Advisory Prtnrs owns 0.49% invested in Silver Spring Networks Inc (NYSE:SSNI) for 224,000 shares. The average volume of a stock suggests the liquidity of a particular company.

09/08/2017 - Silver Spring Networks, Inc. had its "neutral" rating reiterated by analysts at Robert W. Baird. Schroder Invest Mgmt Group stated it has 257,061 shares. The current consensus recommendation provided by covering analysts is 2.40. Electron Capital Prtnrs Ltd Liability Company holds 1.92% in Silver Spring Networks Inc (NYSE:SSNI) or 428,294 shares. Roanoke Asset Management Corp Ny owns 105,283 shares or 0.08% of their U.S. portfolio.

Headquartered in San Jose, California, Silver Spring's cost-effective, high-performance IoT network and data platform provide solutions to utilities and cities.

"The addition of Silver Spring brings more capabilities to our offerings and advances our strategy of delivering highly secure, value-generating solutions for the critical infrastructure within utilities, smart cities and the broader industrial IoT sector", said Philip Mezey, Itron's president and CEO.

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