Silver Spring Networks Company Profile (NYSE:SSNI)

Silver Spring Networks trades on the New York Stock Exchange (NYSE) under the ticker symbol "SSNI."

Silver Spring Networks, Inc. (NYSE:SSNI) released its quarterly earnings results on Tuesday, February, 21st. The company reported ($0.27) earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by $0.29. The company earned $66.30 million during the quarter, compared to analyst estimates of $76.09 million. Silver Spring Networks's revenue for the quarter was down 66.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.08 EPS. View Silver Spring Networks' Earnings History.

13 equities research analysts have issued 1-year price targets for Silver Spring Networks' shares. Their predictions range from $9.00 to $19.00. On average, they expect Silver Spring Networks' share price to reach $14.27 in the next year. View Analyst Ratings for Silver Spring Networks.

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. " (7/13/2017)
• 2. FBR & Co analysts commented, "On Monday, Silver Spring Networks announced that Ms. Catriona Fallon will be taking over as the new chief financial officer (CFO). Ms. Fallon was most recently at Marin Software, where she was executive vice president and CFO, and she brings more than 20 years of experience in various roles. She has held strategic and financial roles at Oracle, McKinsey, Cognizant, and HewlettPackard, and she was a sell-side analyst covering enterprise software, media advertising, and publishing companies for Citigroup and Piper Jaffray. Fallon succeeds Mr. Ken Gianella, who was acting as interim CFO after Mr. James Burns resigned last June. In our view, Ms. Fallon checks several boxes with software, financial, strategic, and Street experience. She received an M.B.A. from Harvard Business School and a bachelor's degree from UCLA. Mr. Gianella will stay on with the company as senior VP of finance and treasurer." (3/28/2017)
• 3. Robert W. Baird analysts commented, "Q4 beat estimates on the top and bottom lines, and SSNI grew its backlog ~50% y/y. Additionally, SSNI announced deployments with AEP Ohio and CESC of India, and cited its Gen 5 platform for recent wins. That said, SSNI issued 2017 revenue guidance below our/consensus estimates, and visibility into timing of revenue from backlog remains limited. We believe shares are fairly valued and will wait for additional project wins, execution, and/or greater long-term earnings visibility before becoming more constructive." (2/22/2017)
• 4. JMP Securities analysts commented, "Our analysis suggests that Silver Spring is an attractive way to gain exposure to the growingintelligence and functionality in the electric power grid. We see accelerating growth during the next 7-8 years as Silver Spring expands its addressable market."Osha added that SSNI is a uniquely positioned business. "Silver Spring has created a franchise centered on building and operating communications networks for utilities and cities. Most of the company's business to date has centered on servicing electric utilities and their network of meters. Silver Spring does not manufacture meters, and as such it has been able to position itself between meter companies and utilities as a hardware-agnostic supplier. This is a difficult position to duplicate in our opinion." (1/13/2017)
• 5. Pacific Crest analysts commented, "We are lowering our estimates for 2H16 and 2017 to factor in additional timing risk." (8/5/2016)

Some companies that are related to Silver Spring Networks include ePlus inc. (PLUS), Quality Systems (QSII), Computacenter plc (CCC), Virtusa Corporation (VRTU), FDM Group (Holdings) PLC (FDM), Monotype Imaging Holdings (TYPE), Softcat PLC (SCT), Datatec (DTC), First Derivatives plc (FDP), LivePerson (LPSN), Perficient (PRFT), Unisys Corporation (UIS), Carbonite (CARB), Premiere Global Services (PGI), VASCO Data Security International (VDSI), SDL plc (SDL), NCC Group PLC (NCC) and 21Vianet Group (VNET).

Silver Spring Networks' management team includes the folowing people:

• Scott A. Lang, Chairman of the Board
• Michael A. Bell, President, Chief Executive Officer, Director
• Catriona M. Fallon, Chief Financial Officer
• Aysegul Ildeniz, Chief Operating Officer
• Eric P. Dresselhuys, Executive Vice President - Global Sales and Development
• Kenneth P. Gianella, Senior Vice President - Finance, Treasurer
• Donald L. Reeves III, Chief Technology Officer
• Theresa Stynes, Vice President- Human Resources
• Richard S. Arnold Jr., General Counsel, Secretary
• Warren M. Weiss, Lead Independent Director

Silver Spring Networks' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Daiwa SB Investments Ltd. (0.12%) and Osborn Williams & Donohoe LLC (0.06%). Company insiders that own Silver Spring Networks stock include Donald L Reeves III, Eric P Dresselhuys, James P Burns, Kenneth P Gianella, Raj Vaswani, Richard S Jr Arnold and Scott A Lang. View Institutional Ownership Trends for Silver Spring Networks.

Silver Spring Networks' stock was acquired by a variety of institutional investors in the last quarter, including Daiwa SB Investments Ltd.. View Insider Buying and Selling for Silver Spring Networks.

Shares of Silver Spring Networks can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Silver Spring Networks stock can currently be purchased for approximately $11.00.