Wall Street analysts expect that Silver Spring Networks, Inc. (NYSE:SSNI) will announce ($0.16) earnings per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Silver Spring Networks’ earnings, with the highest EPS estimate coming in at ($0.13) and the lowest estimate coming in at ($0.19). Silver Spring Networks posted earnings of ($0.11) per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 45.5%. The firm is scheduled to report its next quarterly earnings report on Thursday, August 3rd.

According to Zacks, analysts expect that Silver Spring Networks will report full-year earnings of ($0.46) per share for the current financial year, with EPS estimates ranging from ($0.48) to ($0.42). For the next fiscal year, analysts expect that the company will post earnings of ($0.20) per share, with EPS estimates ranging from ($0.27) to ($0.13). Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Silver Spring Networks.

Several analysts recently issued reports on the company. Williams Capital lowered Silver Spring Networks from a “buy” rating to a “hold” rating and set a $11.00 price objective for the company. in a report on Monday, March 13th. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $14.00 target price (down from $17.00) on shares of Silver Spring Networks in a report on Friday, May 12th. Williams Financial Group lowered Silver Spring Networks from a “buy” rating to a “hold” rating in a report on Monday, March 13th. Robert W. Baird dropped their price objective on Silver Spring Networks from $12.00 to $11.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 22nd. Finally, FBR & Co set a $17.00 price objective on Silver Spring Networks and gave the stock a “buy” rating in a research note on Wednesday, February 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $14.67.

Silver Spring Networks (NYSE SSNI) opened at 10.805 on Tuesday. The firm’s market capitalization is $574.52 million. Silver Spring Networks has a 1-year low of $9.68 and a 1-year high of $15.40. The company has a 50-day moving average price of $10.47 and a 200 day moving average price of $11.83.

In other news, insider Raj Vaswani sold 25,778 shares of Silver Spring Networks stock in a transaction on Thursday, April 6th. The shares were sold at an average price of $10.91, for a total transaction of $281,237.98. Following the transaction, the insider now owns 607,899 shares in the company, valued at $6,632,178.09. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In the last quarter, insiders have sold 75,968 shares of company stock worth $785,370. 29.60% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of SSNI. Guggenheim Capital LLC increased its stake in Silver Spring Networks by 7.4% in the fourth quarter. Guggenheim Capital LLC now owns 103,206 shares of the technology company’s stock valued at $1,374,000 after buying an additional 7,076 shares during the period. Two Sigma Investments LP bought a new stake in Silver Spring Networks during the fourth quarter valued at $257,000. Russell Investments Group Ltd. bought a new stake in Silver Spring Networks during the fourth quarter valued at $417,000. Stoneridge Investment Partners LLC bought a new stake in Silver Spring Networks during the first quarter valued at $1,313,000. Finally, Teachers Advisors LLC increased its stake in Silver Spring Networks by 2.3% in the fourth quarter. Teachers Advisors LLC now owns 60,680 shares of the technology company’s stock valued at $808,000 after buying an additional 1,380 shares during the period. 75.57% of the stock is owned by hedge funds and other institutional investors.

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About Silver Spring Networks

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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