Analyzing Silver Spring Networks (SSNI) and Its Competitors
Silver Spring Networks (NYSE: SSNI) is one of 182 publicly-traded companies in the “IT Services & Consulting” industry, but how does it compare to its rivals? We will compare Silver Spring Networks to similar companies based on the strength of its earnings, institutional ownership, analyst recommendations, profitability, valuation, risk and dividends.
Insider and Institutional Ownership
76.1% of Silver Spring Networks shares are held by institutional investors. Comparatively, 62.4% of shares of all “IT Services & Consulting” companies are held by institutional investors. 25.2% of Silver Spring Networks shares are held by insiders. Comparatively, 16.9% of shares of all “IT Services & Consulting” companies are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.
Silver Spring Networks has a beta of 1.6, meaning that its share price is 60% more volatile than the S&P 500. Comparatively, Silver Spring Networks’ rivals have a beta of 1.14, meaning that their average share price is 14% more volatile than the S&P 500.
This is a breakdown of recent ratings for Silver Spring Networks and its rivals, as reported by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Silver Spring Networks||0||10||2||0||2.17|
|Silver Spring Networks Competitors||736||4554||7355||167||2.54|
Silver Spring Networks presently has a consensus price target of $14.95, indicating a potential downside of 7.80%. As a group, “IT Services & Consulting” companies have a potential downside of 6.31%. Given Silver Spring Networks’ rivals stronger consensus rating and higher possible upside, analysts clearly believe Silver Spring Networks has less favorable growth aspects than its rivals.
This table compares Silver Spring Networks and its rivals’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Silver Spring Networks||-10.28%||N/A||-6.07%|
|Silver Spring Networks Competitors||-20.24%||-255.56%||-3.84%|
Valuation & Earnings
This table compares Silver Spring Networks and its rivals gross revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|Silver Spring Networks||$311.01 million||-$21.62 million||-19.31|
|Silver Spring Networks Competitors||$2.79 billion||$290.02 million||272.70|
Silver Spring Networks’ rivals have higher revenue and earnings than Silver Spring Networks. Silver Spring Networks is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.
Silver Spring Networks rivals beat Silver Spring Networks on 7 of the 12 factors compared.
About Silver Spring Networks
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. Its networking platform enables customers to communicate with devices connected to the power grid. Its networking platform comprises hardware, such as access points and relays; its communications modules; its SilverLinkOS network operating software, and its GridScape management and security software. It offers solutions built upon SilverLink Network and Data platforms, including advanced metering, distribution automation, demand-side management, street lights and its wireless Internet protocol version 6 (IPv6) network service for the IoT, Starfish. Through its managed application services, it manages the SilverLink Control Platform and SilverLink Applications.
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