Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Silver Spring Networks (SSNI) Share Price
Media headlines about Silver Spring Networks (NYSE:SSNI) have been trending somewhat positive recently, Accern reports. The research group identifies negative and positive news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Silver Spring Networks earned a coverage optimism score of 0.25 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 45.8642214709862 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
A number of research firms recently commented on SSNI. Zacks Investment Research raised shares of Silver Spring Networks from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Tuesday, January 2nd. Guggenheim reissued a “hold” rating on shares of Silver Spring Networks in a research note on Friday, January 12th. Finally, B. Riley set a $16.00 target price on shares of Silver Spring Networks and gave the company a “hold” rating in a research note on Thursday, January 4th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $15.05.
Shares of NYSE:SSNI opened at $16.26 on Tuesday. Silver Spring Networks has a 12-month low of $9.68 and a 12-month high of $16.26.
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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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