News headlines about Silver Spring Networks (NYSE:SSNI) have trended somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of media 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 nearest to one being the most favorable. Silver Spring Networks earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 46.5962362680763 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news articles that may have impacted Accern’s scoring:
- What Discovery’s move to New York means for Silver Spring (bizjournals.com)
- Itron (ITRI) Acquires Silver Spring to Boost IoT Platform – Nasdaq (nasdaq.com)
- Silver Spring Networks Inc Expected to Earn Q4 2017 Earnings of ($0.04) Per Share (SSNI) (americanbankingnews.com)
- Itron Completes Acquisition of Silver Spring Networks to Drive Innovation and Growth in IoT (markets.businessinsider.com)
Several brokerages recently issued reports on SSNI. Zacks Investment Research upgraded Silver Spring Networks from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Tuesday, January 2nd. Oppenheimer reiterated a “buy” rating and set a $14.00 price objective on shares of Silver Spring Networks in a research note on Monday, September 18th. BidaskClub upgraded Silver Spring Networks from a “sell” rating to a “hold” rating in a research note on Friday, September 22nd. ValuEngine upgraded Silver Spring Networks from a “sell” rating to a “hold” rating in a research note on Monday, September 18th. Finally, Canaccord Genuity increased their price target on Silver Spring Networks from $11.50 to $16.25 and gave the company a “hold” rating in a research note on Tuesday, September 19th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $15.27.
In other news, COO Aysegul Ildeniz sold 16,189 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $16.13, for a total transaction of $261,128.57. Following the completion of the transaction, the chief operating officer now directly owns 19,664 shares in the company, valued at $317,180.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael Bell sold 140,230 shares of the firm’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $16.23, for a total value of $2,275,932.90. Following the transaction, the chief executive officer now owns 208,068 shares of the company’s stock, valued at $3,376,943.64. The disclosure for this sale can be found here. Insiders sold 359,521 shares of company stock worth $5,820,088 over the last ninety days. 25.20% of the stock is currently owned by insiders.
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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.
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