SilverSun Technologies, Inc. operates as a business application, technology, and consulting company. The company resells enterprise resource planning software for the financial accounting requirements, as well as offers associated training, technical support, and professional services. The company also publishes and markets MAPADOC, an electronic data interchange software through a network of resellers. In addition, the company resells warehouse management system software, which controls the movement and storage of materials; and offers customer relationship management and business intelligence products. Further, it provides managed services, data back-up, network maintenance and service upgrades, hosting, business continuity, cloud, email, and Web services. It serves small and medium-sized businesses that sell services and products to various end users, manufacturers, wholesalers, and distributors in the United States. The company was formerly known as Trey Resources, Inc. and changed its name to SilverSun Technologies, Inc. in June 2011. SilverSun Technologies, Inc. was founded in 1988 and is headquartered in East Hanover, New Jersey.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Business services, not elsewhere classified
Sub-IndustryN/A
SectorBusiness Services
SymbolNASDAQ:SSNT
CUSIPN/A
Phone973-396-1720
Debt
Debt-to-Equity Ratio0.32
Current Ratio0.82
Quick Ratio0.82
Price-To-Earnings
Trailing P/E Ratio33.50
Forward P/E Ratio16.33
P/E GrowthN/A
Sales & Book Value
Annual Sales$34.85 million
Price / Sales0.51
Cash Flow$0.2436 per share
Price / Cash16.09
Book Value$0.94 per share
Price / Book4.17
Profitability
EPS (Most Recent Fiscal Year)$0.12
Net Income$-480,000.00
Net Margins-1.84%
Return on Equity7.97%
Return on Assets3.27%
Miscellaneous
Employees158
Outstanding Shares4,500,000
Market Cap$19.13 million
SilverSun Technologies (NASDAQ:SSNT) Frequently Asked Questions
What is SilverSun Technologies' stock symbol?
SilverSun Technologies trades on the NASDAQ under the ticker symbol "SSNT."
How often does SilverSun Technologies pay dividends? What is the dividend yield for SilverSun Technologies?
SilverSun Technologies announced a special dividend on Thursday, November 16th. Investors of record on Tuesday, November 28th will be given a dividend of $0.04 per share on Monday, December 4th. The ex-dividend date of this dividend is Monday, November 27th. View SilverSun Technologies' Dividend History.
How were SilverSun Technologies' earnings last quarter?
SilverSun Technologies Inc (NASDAQ:SSNT) posted its quarterly earnings data on Monday, August, 13th. The company reported $0.00 earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by $0.07. The company had revenue of $9.68 million for the quarter, compared to analysts' expectations of $9.60 million. SilverSun Technologies had a negative net margin of 1.84% and a positive return on equity of 7.97%. View SilverSun Technologies' Earnings History.
When is SilverSun Technologies' next earnings date?
What price target have analysts set for SSNT?
1 equities research analysts have issued 12 month target prices for SilverSun Technologies' shares. Their predictions range from $7.00 to $7.00. On average, they expect SilverSun Technologies' share price to reach $7.00 in the next year. This suggests a possible upside of 78.6% from the stock's current price. View Analyst Price Targets for SilverSun Technologies.
What is the consensus analysts' recommendation for SilverSun Technologies?
1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SilverSun Technologies in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for SilverSun Technologies.
What are Wall Street analysts saying about SilverSun Technologies stock?
Here are some recent quotes from research analysts about SilverSun Technologies stock:
- 1. According to Zacks Investment Research, "SilverSun Technologies Inc is a business application, technology and consulting company. It offers accounting and business management, financial reporting, Enterprise Resource Planning, Warehouse Management Systems, Customer Relationship Management and Business Intelligence. The company also own development staff building software solutions for Electronic Data Interchange, time and billing, and various ERP enhancements. It operates primarily in Chicago, Dallas, Arizona, Seattle, Greensboro, and Southern California. SilverSun Technologies Inc is headquartered in Livingston, New Jersey. " (5/26/2018)
- 2. Westpark Capital analysts commented, "We believe SSNT’s Management is executing very well as demonstrated by the success of the Master value-added (VAR) program which has led to growth in customer base by 25%. We are encouraged by the acquisition as well as the entry into the Cybersecurity space via CyberHat. We maintain our $7 PT on SSNT." (5/23/2018)
Who are some of SilverSun Technologies' key competitors?
Some companies that are related to SilverSun Technologies include ALJ Regional (ALJJ), Sito Mobile (SITO), OmniComm Systems (OMCM), Research Solutions (RSSS), DynTek (DYNE), Solbright Group (SBRT), BSQUARE (BSQR), China Techfaith Wireless Comm. Tech. (CNTF), Protagenic Therapeutics (PTIX), SPAR Group (SGRP), Accelerize (ACLZ), ICTS International (ICTSF), RMG Networks (RMGN), QuoteMedia (QMCI) and The9 (NCTY).
Who are SilverSun Technologies' key executives?
SilverSun Technologies' management team includes the folowing people:
- Mr. Mark Meller, Chairman, Pres & CEO (Age 58)
- Mr. Crandall Melvin III, Chief Financial Officer (Age 61)
- Mr. Gary Berman, Exec. VP of SWK Technologies, Inc
Has SilverSun Technologies been receiving favorable news coverage?
Press coverage about SSNT stock has trended somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. SilverSun Technologies earned a media and rumor sentiment score of 0.18 on Accern's scale. They also gave news headlines about the company an impact score of 46.57 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the next several days. View Recent Headlines for SilverSun Technologies.
How do I buy shares of SilverSun Technologies?
Shares of SSNT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is SilverSun Technologies' stock price today?
One share of SSNT stock can currently be purchased for approximately $3.92.
How big of a company is SilverSun Technologies?
SilverSun Technologies has a market capitalization of $19.13 million and generates $34.85 million in revenue each year. The company earns $-480,000.00 in net income (profit) each year or $0.12 on an earnings per share basis. SilverSun Technologies employs 158 workers across the globe.
How can I contact SilverSun Technologies?
SilverSun Technologies' mailing address is 120 EAGLE ROCK AVENUE SUITE 330, EAST HANOVER NJ, 07936. The company can be reached via phone at 973-396-1720.
MarketBeat Community Rating for SilverSun Technologies (NASDAQ SSNT)
MarketBeat's community ratings are surveys of what our community members think about SilverSun Technologies and other stocks. Vote "Outperform" if you believe SSNT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SSNT will underperform the S&P 500 over the long term. You may vote once every thirty days.
