Silver Spring Networks Inc (NYSE:SSNI) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 9, 2016
Boasting a price of $14.08, Silver Spring Networks Inc (NYSE:SSNI) traded -0.07% lower on the day. With the last close up 5.20% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Silver Spring Networks Inc has recorded a 50-day average of $13.81 and a two hundred day average of $13.27. Volume of trade was down over the average, with 130,936 shares of SSNI changing hands under the typical 210,192
Zacks Investment Research has downgraded Silver Spring Networks Inc (NYSE:SSNI) to Hold in a statement released on 10/5/2016.
On Wednesday September 28, 2016, Wunderlich released a statement on Silver Spring Networks Inc (NYSE:SSNI) bumped up the target price from $16.00 to $17.00 that suggested an upside of 0.22%.
With a total market value of $0, Silver Spring Networks Inc has price-earnings ratio of 10.67 with a one year low of $9.55 and a one year high of $16.18 .
A total of 11 brokers have issued a research note on the stock. 3 equity analysts rating the company a strong buy, 4 analysts rating the company a buy, 4 equity analysts rating the company a hold, 0 analysts rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $15.32.
General Information About Silver Spring Networks Inc (NYSE:SSNI)
Silver Spring Networks, Inc. is engaged in creating, building and deploying 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 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 wireless Internet protocol version 6 (IPv6) network service for the IoT, Starfish. It also offers professional services to design and optimization, deployment support, software and systems integration, program management and consulting services.
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