Downgrades Rating On Silver Spring Networks, Inc. (SSNI)

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In other news, insider Raj Vaswani sold 9,611 shares of Silver Spring Networks stock in a transaction that occurred on Monday, August 14th.

Rice Hall James Assoc Limited Liability accumulated 116,943 shares.

Tanaka Capital Management Inc holds 2.49% of its portfolio in Attunity Ltd for 176,940 shares. LLC boosted its holdings in shares of Silver Spring Networks by 403.2% during the 1st quarter. Deutsche Financial Bank Ag, Germany-based fund reported 209,497 shares. The news sent shares of both companies to new 52-week highs. Oppenheimer Holdings, Inc. set a $14.00 price objective on Silver Spring Networks and gave the company a "buy" rating in a research note on Wednesday, August 9th. Herald Investment Management Ltd owns 294,200 shares or 0.76% of their United States portfolio. 119,938 are owned by Wells Fargo & Mn. The correct version of this piece can be viewed at https://weekherald.com/2017/09/19/silver-spring-networks-inc-ssni-rating-reiterated-by-cowen-and-company.html.

06/18/2015 - Silver Spring Networks, Inc. had its "outperform" rating reiterated by analysts at Northland Securities.

Itron agreed to pay $16.25 per share in cash to acquire Silver Spring, which values the transaction at roughly $830 million.

"Joining forces with Itron will enable us to help more utilities and cities adopt the industrial Internet, improve their performance and reliability, and better position themselves for a connected future", Silver Springs chief executive Mike Bell said in a statement. There has been an observed change of -8.62% in the ownership of the shares in the past six months. SSNI's rating of a Strong Buy has been discontinued.

Among 44 analysts covering Yelp (NYSE:YELP), 22 have Buy rating, 4 Sell and 18 Hold. Silver Spring Networks has $18 highest and $11.5 lowest target. Where the relative strength index (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine excess buying & selling conditions of an asset, it is one of the most popular technical indicators, computed on the basis of the speed and direction of a stock's price movement. Silver Spring Networks had 25 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has "Sector Weight" rating given on Wednesday, May 10 by Pacific Crest. The firm has "Buy" rating by Wunderlich given on Wednesday, September 28.

Silver Spring Networks (NYSE:SSNI) last posted its quarterly earnings data on Tuesday, August 8th.

In addition to Raymond James reporting its target price, a total of 11 firms have reported on the stock.

ILLEGAL ACTIVITY WARNING: "Positive Media Coverage Somewhat Unlikely to Affect Silver Spring Networks (SSNI) Stock Price" was originally reported by StockNewsTimes and is the sole property of of StockNewsTimes.

Analysts have given a mean recommendation of 2.20 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). The company was downgraded on Monday, March 13 by Williams Financial. The stock carved out a 52-week low down at $9.68. About shares traded. Attunity Ltd (ATTU) has declined 15.11% since September 19, 2016 and is downtrending. It has underperformed by 38.33% the S&P500.

News stories about Silver Spring Networks (NYSE:SSNI) have been trending somewhat positive this week, Accern Sentiment reports.

In the last earnings report the EPS was $-0.64 and is expected to be $0.03 for the current year with 53,565,000 shares now outstanding. The company's end of quarter revenue went up 114.6% compared with the same period in the prior year. on consensus, brokerage firm analysts expect that Silver Spring Networks to post $0.03 earnings per share for the full year.

Silver Spring Networks, Inc.is engaged in creating, building and deploying large-scale networks and solutions enabling the Internet of things for critical infrastructure.

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