Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Silver Spring Networks (SSNI) Share Price
News headlines about Silver Spring Networks (NYSE:SSNI) have trended somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Silver Spring Networks earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave media stories about the technology company an impact score of 45.7545963378926 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Silver Spring Networks (SSNI) opened at $16.26 on Tuesday. Silver Spring Networks has a 12-month low of $9.68 and a 12-month high of $16.26. The company has a market cap of $880.35, a price-to-earnings ratio of -19.59 and a beta of 1.60.
Silver Spring Networks (NYSE:SSNI) last released its earnings results on Wednesday, November 8th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.07. equities analysts expect that Silver Spring Networks will post -0.34 earnings per share for the current fiscal year.
In other news, COO Aysegul Ildeniz sold 16,189 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $16.13, for a total value of $261,128.57. Following the completion of the sale, the chief operating officer now owns 19,664 shares in the company, valued at approximately $317,180.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael Bell sold 140,230 shares of the firm’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $16.23, for a total transaction of $2,275,932.90. Following the completion of the sale, the chief executive officer now owns 208,068 shares of the company’s stock, valued at approximately $3,376,943.64. The disclosure for this sale can be found here. Insiders sold a total of 359,521 shares of company stock valued at $5,820,088 in the last 90 days. Company insiders own 25.20% of the company’s stock.
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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.
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