Somewhat Favorable News Coverage Somewhat Unlikely to Affect Silver Spring Networks (SSNI) Stock Price
News coverage about Silver Spring Networks (NYSE:SSNI) has trended somewhat positive recently, according to Accern. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Silver Spring Networks earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 45.6333898559211 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
A number of research firms recently commented on SSNI. Guggenheim reiterated a “hold” rating on shares of Silver Spring Networks in a research note on Friday, January 12th. B. Riley set a $16.00 price objective on shares of Silver Spring Networks and gave the company a “hold” rating in a research note on Thursday, January 4th. Zacks Investment Research upgraded shares of Silver Spring Networks from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Tuesday, January 2nd. BidaskClub upgraded shares of Silver Spring Networks from a “sell” rating to a “hold” rating in a research note on Friday, September 22nd. Finally, FBR & Co lowered shares of Silver Spring Networks from a “buy” rating to a “neutral” rating and set a $16.00 price objective on the stock. in a research note on Friday, September 22nd. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $14.96.
Silver Spring Networks (SSNI) opened at $16.26 on Wednesday. The stock has a market cap of $880.35, a P/E ratio of -19.59 and a beta of 1.60. Silver Spring Networks has a 12-month low of $9.68 and a 12-month high of $16.26.
In other Silver Spring Networks news, EVP Philippe Gaglione sold 24,518 shares of Silver Spring Networks stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $16.12, for a total value of $395,230.16. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Theresa Stynes sold 17,618 shares of Silver Spring Networks stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $16.23, for a total transaction of $285,940.14. Following the completion of the transaction, the insider now owns 24,519 shares in the company, valued at approximately $397,943.37. The disclosure for this sale can be found here. In the last 90 days, insiders sold 359,521 shares of company stock worth $5,820,088. 25.20% of the stock is currently owned by company insiders.
Silver Spring Networks Company Profile
Silver Spring Networks, Inc is engaged in creating, building and deploying large-scale networks and solutions enabling the Internet of things (IoT) for critical infrastructure. The Company provides a networking platform and solutions that enable utilities to transform the power grid infrastructure into the smart grid.
Receive News & Ratings for Silver Spring Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Silver Spring Networks and related companies with MarketBeat.com's FREE daily email newsletter.