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.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry N/A
Sub-IndustryN/A
SectorN/A
SymbolNYSE:SSNI
CUSIPN/A
Phone+1-650-8394000
Debt
Debt-to-Equity RatioN/A
Current Ratio0.95
Quick Ratio0.93
Price-To-Earnings
Trailing P/E RatioN/A
Forward P/E RatioN/A
P/E GrowthN/A
Sales & Book Value
Annual Sales$311.01 million
Price / Sales2.83
Cash FlowN/A
Price / CashN/A
Book Value($0.61) per share
Price / Book-26.66
Profitability
EPS (Most Recent Fiscal Year)N/A
Net Income$-21,620,000.00
Net Margins-53.03%
Return on EquityN/A
Return on Assets-33.06%
Miscellaneous
Employees702
Outstanding Shares54,140,000
Market Cap$880.35 million
Silver Spring Networks (NYSE:SSNI) Frequently Asked Questions
What is Silver Spring Networks' stock symbol?
Silver Spring Networks trades on the New York Stock Exchange (NYSE) under the ticker symbol "SSNI."
How were Silver Spring Networks' earnings last quarter?
Silver Spring Networks Inc (NYSE:SSNI) issued its quarterly earnings results on Tuesday, August, 8th. The technology company reported $0.34 EPS for the quarter, topping the consensus estimate of ($0.07) by $0.41. The technology company had revenue of $261.60 million for the quarter, compared to analyst estimates of $69.10 million. The firm's quarterly revenue was up 114.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.02 EPS. View Silver Spring Networks' Earnings History.
What price target have analysts set for SSNI?
8 Wall Street analysts have issued 1 year target prices for Silver Spring Networks' shares. Their predictions range from $11.00 to $16.25. On average, they expect Silver Spring Networks' stock price to reach $15.1875 in the next twelve months. This suggests that the stock has a possible downside of 6.6%. View Analyst Price Targets for Silver Spring Networks.
What is the consensus analysts' recommendation for Silver Spring Networks?
8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Silver Spring Networks in the last year. There are currently 7 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Silver Spring Networks.
What are Wall Street analysts saying about Silver Spring Networks stock?
Here are some recent quotes from research analysts about Silver Spring Networks stock:
- 1. According to Zacks Investment Research, "Silver Spring Networks, Inc. operates as a networking platform and solutions provider for smart energy networks. It enables utilities to transform the power grid infrastructure into the smart grid. The Company supplies hardware, software and services that connect devices on the grid that deploys metering, demand response, distribution automation, and distributed generation. Silver Spring Networks, Inc. is headquartered in Redwood City, CA. " (1/2/2018)
- 2. FBR & Co analysts commented, "Logical tie-up. On September 18, Silver Spring announced that Itron made an all- cash offer of $16.25/share to acquire all the outstanding shares of Silver Spring. Both companies’ boards have approved the deal, so pending shareholder approval and regulatory review, the transaction is expected to close in late 4Q17 or 1Q18. We believe the deal will pass regulatory review if total endpoints (~43% share in the U.S) are not the only consideration. Overall we believe combining Silver Spring’s standards-based, open networking platform and Itron’s smart meter portfolio and solutions should result in a stronger combined company. We do not believe a competing bidder will emerge and expect the deal to receive shareholder approval as at least one VC appeared in favor of the deal. While some investors have communicated to us that Silver Spring, perhaps, could have held out for another $1 to $2/share, the deal was at a ~25% premium to Silver Spring’s price prior to the announcement." (9/22/2017)
Who are Silver Spring Networks' key executives?
Silver Spring Networks' management team includes the folowing people:
- Scott A. Lang, Executive Chairman and Chairman of the Board (Age 54)
- Michael A. Bell, President, Chief Executive Officer, Director (Age 50)
- Raj Vaswani, Co-Founder (Age 49)
- Catriona M. Fallon, Chief Financial Officer (Age 46)
- Aysegul Ildeniz, Chief Operating Officer (Age 47)
- Theresa Stynes, Chief Human Resource Officer (Age 57)
- Philippe M. Gaglione, Executive Vice President - Research and Development (Age 50)
- Kenneth P. Gianella, Senior Vice President - Finance, Treasurer (Age 44)
- Donald L. Reeves III, Chief Technology Officer (Age 49)
- Richard S. Arnold Jr., General Counsel, Secretary (Age 53)
Has Silver Spring Networks been receiving favorable news coverage?
News articles about SSNI stock have been trending positive this week, according to Accern. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Silver Spring Networks earned a news impact score of 0.28 on Accern's scale. They also gave media headlines about the technology company an impact score of 47.74 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next several days. View Recent Headlines for Silver Spring Networks.
How do I buy shares of Silver Spring Networks?
Shares of SSNI 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 Silver Spring Networks' stock price today?
One share of SSNI stock can currently be purchased for approximately $16.26.
How big of a company is Silver Spring Networks?
Silver Spring Networks has a market capitalization of $880.35 million and generates $311.01 million in revenue each year. Silver Spring Networks employs 702 workers across the globe.
How can I contact Silver Spring Networks?
Silver Spring Networks' mailing address is 230 W Tasman Dr, SAN JOSE, CA 95134-1714, United States. The technology company can be reached via phone at +1-650-8394000 or via email at [email protected]
MarketBeat Community Rating for Silver Spring Networks (NYSE SSNI)
MarketBeat's community ratings are surveys of what our community members think about Silver Spring Networks and other stocks. Vote "Outperform" if you believe SSNI will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SSNI will underperform the S&P 500 over the long term. You may vote once every thirty days.
