Silver Spring Networks (SSNI) to Release Quarterly Earnings on Monday

Silver Spring Networks (NYSE:SSNI) will issue its quarterly earnings data after the market closes on Monday, February 19th. Analysts expect the company to announce earnings of $0.07 per share for the quarter.

Silver Spring Networks (SSNI) opened at $16.26 on Monday. The stock has a market cap of $880.35, a PE ratio of -19.59 and a beta of 1.60. Silver Spring Networks has a 52-week low of $9.68 and a 52-week high of $16.26.

In other news, CEO Michael Bell sold 140,230 shares of the stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $16.23, for a total transaction of $2,275,932.90. Following the sale, the chief executive officer now owns 208,068 shares in the company, valued at $3,376,943.64. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Theresa Stynes sold 17,618 shares of the stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $16.23, for a total transaction of $285,940.14. Following the sale, 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 quarter, insiders have sold 288,117 shares of company stock worth $4,669,524. Corporate insiders own 25.20% of the company’s stock.

SSNI has been the topic of a number of recent research reports. B. Riley set a $16.00 price objective on shares of Silver Spring Networks and gave the stock a “hold” rating in a report on Thursday, January 4th. BidaskClub cut shares of Silver Spring Networks from a “hold” rating to a “sell” rating in a report on Monday, October 23rd. Guggenheim restated a “hold” rating on shares of Silver Spring Networks in a report on Friday, January 12th. Finally, 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 report on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $14.96.

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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.

Earnings History for Silver Spring Networks (NYSE:SSNI)

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