Somewhat Positive News Coverage Somewhat Unlikely to Impact Silver Spring Networks (SSNI) Share Price

Headlines about Silver Spring Networks (NYSE:SSNI) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Silver Spring Networks earned a news impact score of 0.22 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 45.7007959940848 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the media stories that may have impacted Accern’s rankings:

• $69.11 Million in Sales Expected for Silver Spring Networks, Inc. (NYSE:SSNI) This Quarter (americanbankingnews.com)
• Silver Spring Networks, Inc. (NYSE:SSNI) Expected to Post Earnings of -$0.16 Per Share (americanbankingnews.com)
• SITO Mobile, Ltd. (SITO) is at $4.60 and Silver Spring Networks, Inc. (SSNI) is worth at $11.31 per share – Stocks Gallery (stocksgallery.com)
• Silver Spring Networks, Inc. – Value Analysis (NYSE:SSNI) : August 1, 2017 (finance.yahoo.com)

Shares of Silver Spring Networks (SSNI) traded up 0.45% on Monday, hitting $11.22. The stock had a trading volume of 118,329 shares. Silver Spring Networks has a 52 week low of $9.68 and a 52 week high of $15.40. The firm has a 50 day moving average price of $10.94 and a 200-day moving average price of $11.34. The company’s market cap is $596.59 million.

SSNI has been the topic of several analyst reports. Zacks Investment Research lowered Silver Spring Networks from a “hold” rating to a “sell” rating in a research report on Tuesday, May 16th. BidaskClub lowered Silver Spring Networks from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Pacific Crest lowered Silver Spring Networks from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, May 10th. Guggenheim initiated coverage on Silver Spring Networks in a research report on Tuesday, June 20th. They issued a “buy” rating and a $13.00 target price on the stock. Finally, Raymond James Financial, Inc. reaffirmed a “strong-buy” rating on shares of Silver Spring Networks in a research report on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $14.18.

In other Silver Spring Networks news, insider Raj Vaswani sold 20,364 shares of the business’s stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $10.30, for a total value of $209,749.20. Following the transaction, the insider now owns 602,355 shares of the company’s stock, valued at $6,204,256.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last three months, insiders sold 64,462 shares of company stock worth $653,702. Insiders own 29.60% of the company’s stock.

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.