reports
Two Directors sold after exercising options/sold 157,848 shares at bet...
Two Directors at Silver Spring Networks Inc sold after exercising options/sold 157,848 shares at between 16.230USD and 16.231USD. The significance rating of the trade was 72/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary t...
Itron Acquisition of Silver Spring Networks Clears Antitrust Review
LIBERTY LAKE, Wash. & SAN JOSE, Calif.--(BUSINESS WIRE)-- Itron, Inc. (NASDAQ: ITRI) and Silver Spring Networks, Inc. (NYSE: SSNI) announced today the required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act) with respect to Itron’s acquisition of Silver Spring Networks has expired. The expiration of the HSR Act waiting period satisfies one of the conditions to the closing of the pending acquisition, which remains subject to other customary closing conditions, including the approval of S...
Silver Spring Networks Expands IoT Developer Program to Europe and the...
BARCELONA, Spain--(BUSINESS WIRE)-- Today at Smart City Expo World Congress, the world's leading international event on smart cities, Silver Spring Networks, Inc. (NYSE: SSNI) announced the launch of its developer program in a majority of countries in Europe and a portion of countries in the Middle East. The expansion into these new regions will help accelerate innovation for the Internet of Important Things™, by unifying the development process and increasing the number of solution partners with access to Silver Spring’s proven stand...
Rongwen and Silver Spring Networks Connect Smart Lighting in China’s...
BARCELONA--(BUSINESS WIRE)-- Today at Smart City Expo World Congress, the world's leading international event on smart cities, Guangdong Rongwen Energy Technology Group (Rongwen) and Silver Spring Networks, Inc. (NYSE:SSNI) announced their selection to connect smart LED street lights in Guangzhou, China. Through its go-to-market partnership with Rongwen, one of the largest smart LED street light providers and operators in China, Silver Spring is planning to network more than 30,000 LED street lights in Guangzhou. According to Rongwen,...
Silver Spring Networks’ Smart Cities Platform, Streetlight.Vision, E...
BARCELONA, Spain--(BUSINESS WIRE)-- Today at Smart City Expo World Congress, the world's leading international event on smart cities, Silver Spring Networks, Inc. (NYSE: SSNI) announced that it has earned certification from the TALQ Consortium for its smart city platform, Streetlight.Vision (SLV) Central Management System (CMS). The TALQ Consortium includes leading outdoor lighting controls vendors, and has established a global standard to enable interoperability between CMS interfaces and Outdoor Lighting Networks (OLN). Over the las...
Silver Spring Networks Reports Third Quarter 2017 Financial Results
SAN JOSE, Calif.--(BUSINESS WIRE)-- Silver Spring Networks, Inc. (NYSE: SSNI) today announced financial results for its third quarter ended September 30, 2017. Third Quarter Financial Highlights (all comparisons made are against the prior year period, unless otherwise stated): GAAP results: Revenue was $47.6 million, down 35.9% year-over-year. Cost of revenue was $33.8 million, or 71.0% of revenue, versus $45.9 million or 61.9% in the third quarter of 2016. Ope...
Silver Spring Networks Recognized as a Visionary Two Years Running in ...
SAN JOSE, Calif.--(BUSINESS WIRE)-- Silver Spring Networks, Inc. (NYSE: SSNI) today announced that it has been positioned by Gartner, Inc. as a Visionary for the second consecutive year in the Gartner ‘Magic Quadrant for M2M Services, Worldwide’.1 Gartner evaluated 21 companies based on their ‘completeness of vision’ and ‘ability to execute’ in the global market of Managed M2M Services. The Gartner ‘Magic Quadrant for Managed M2M Services, Worldwide’ defines the Managed M2M Services as “enabling connectivity, compute and deci...
Silver Spring Networks Completes IoT Network Canopy Rollout for DEWA
DUBAI, United Arab Emirates--(BUSINESS WIRE)-- Today at WETEX, Silver Spring Networks, Inc. (NYSE: SSNI) announced the initial successful completion of the deployment of its multi-application IPv6 network canopy for Dubai Electricity and Water Authority (DEWA). DEWA’s network canopy extends across the Emirate of Dubai and is based on Silver Spring’s Gen5 technology, which offers high performance, reliability, security and scalability. Silver Spring Networks is now working with DEWA towards final acceptance, with the remaining head-end...
Silver Spring Networks to Release Third Quarter Results on November 8t...
SAN JOSE, Calif.--(BUSINESS WIRE)-- Silver Spring Networks, Inc. (NYSE: SSNI), a leading networking platform and solutions provider for the Internet of Important Things™, today announced that it will release its financial results for the third quarter ending September 30, 2017 after the close of market on Wednesday, November 8, 2017. Silver Spring Networks will not conduct an earnings conference call due to the proposed acquisition of Silver Spring Networks by Itron, Inc. About Silver Spring Networks Silver Sp...
Utilities Look to RF Mesh to Address Network Optimization for Next-Gen...
SAN JOSE, Calif.--(BUSINESS WIRE)-- Utilities will rely heavily on RF mesh networks as a key communication technology, according to new research commissioned by Silver Spring Networks, Inc. (NYSE: SSNI) and conducted by Zpryme. The research measured communication network priorities for next-generation distribution grid optimization for 350 utilities across the globe. The utilities surveyed noted that RF mesh networks offer flexibility to adapt to the changing needs of the electric network – through a focus on areas such as open ...
Silver Spring Networks Named Frost & Sullivan Asia-Pacific Smart Utili...
SAN JOSE, Calif. & SINGAPORE--(BUSINESS WIRE)-- Silver Spring Networks, Inc. (NYSE: SSNI) today announced that it has been recognized as the Asia-Pacific Smart Utility Platform Provider of the Year by Frost & Sullivan. Frost & Sullivan selected Silver Spring Networks for its multi-purpose platform that can develop, run, and manage a variety of applications across electricity, water, and gas networks, aimed at improving operational efficiency and designed to expand to future applications such as smart street lights and other smart city...
Study Finds 75% of U.S. Consumers Believe Smart Cities Will Positively...
WASHINGTON--(BUSINESS WIRE)-- Today at Smart Cities Week, Silver Spring Networks, Inc. (NYSE: SSNI) and Power Over Energy unveiled the findings from their Smart Cities Consumer Research Study, conducted with the U.S. Department of Energy Office of Electricity Delivery and Energy Reliability Advanced Grid Research. More than 500 U.S. consumers took part in the online study. Respondents were representative of the U.S. Census, ranging from ages 18 to 65+ (52% female, 48% male), and from all areas of the country ...
The Law Offices of Vincent Wong Notifies Investors of an Investigation...
NEW YORK--(BUSINESS WIRE)-- The Law Offices of Vincent Wong are investigating the Board of Directors of Silver Spring Networks, Inc. (NYSE:SSNI) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Itron, Inc. Under the terms of the deal, Silver Spring Networks shareholders will receive $16.25 for each share of Silver Spring Networks stock they own. The investigation concerns whether the Silver Spring Networks Board of Directors breached their fiduciary duties...
INVESTOR ALERT: Levi & Korsinsky, LLP Reminds Investors of an Investig...
NEW YORK--(BUSINESS WIRE)-- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased Silver Spring Networks, Inc. (“Silver Spring Networks” or the “Company”) (NYSE: SSNI) stock prior to September 18, 2017. You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Silver Spring Networks to Itron, Inc. (NASDAQ: ITRI) for $16.25 per share. To learn more about the action and your rights, go to: http...
SILVER SPRING NETWORKS, INC. SHAREHOLDER ALERT: Former SEC Attorney Wi...
DALLAS--(BUSINESS WIRE)-- Former United States Securities and Exchange Commission attorney Willie Briscoe is investigating potential claims against the Board of Directors of Silver Spring Networks, Inc. (“Silver Spring”) (NYSE: SSNI) concerning the acquisition by Itron, Inc. Under the terms of the agreement, valued at approximately $830 million, Silver Spring shareholders will only receive $16.25 per Silver Spring share owned. The consideration is significantly lower than at least one analyst’s estimated value of $19.00. ...
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Inve...
NEW YORK--(BUSINESS WIRE)-- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased Silver Spring Networks, Inc. (“Silver Spring Networks” or the “Company”) (NYSE: SSNI) stock prior to September 18, 2017. You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Silver Spring Networks to Itron, Inc. (NASDAQ: ITRI) for $16.25 per share. To learn more about the action and your rights, go to: http...
ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Silver...
NEW YORK--(BUSINESS WIRE)-- Rowley Law PLLC is investigating potential claims against Silver Spring Networks, Inc. (NYSE: SSNI) and its board of directors for breach of fiduciary duty concerning the proposed acquisition of the company by Itron, Inc. for $16.25 per share in cash. The transaction is valued at approximately $830 million and is expected to close in late 2017 or early 2018. If you are a Silver Spring Networks, Inc. shareholder and are interested in obtaining additional information regarding this investigation, ple...
SILVER SPG.NETWKS.INCO. sees a downgrade to Slightly Negative on accou...
The independent financial analyst theScreener just lowered the general evaluation of SILVER SPG.NETWKS.INCO. (US), active in the Renewable Energy Equipment industry. As regards its fundamental valuation, the title now shows 3 out of 4 stars while market behaviour can be considered risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date September 12, 2017, the closing price w...
Silver Spring Networks Announces Agreement with Acuity Brands to Forge...
AUSTIN, Texas--(BUSINESS WIRE)-- Today at the IES Street & Area Lighting Conference, Silver Spring Networks, Inc. (NYSE: SSNI) announced that Acuity Brands, Inc. (NYSE: AYI), through its subsidiary Acuity Brands Lighting, Inc., is a new technology and channel partner. Acuity Brands’ field sales organization will deliver Silver Spring’s technology for smart street lights and smart city services as part of its turn-key offering for large-scale customers including utilities and cities. This includes Silver Spring’s Gen5 networking ...
Silver Spring Networks Reports Second Quarter 2017 Financial Results
SAN JOSE, Calif.--(BUSINESS WIRE)-- Silver Spring Networks, Inc. (NYSE: SSNI) today announced preliminary financial results for its second quarter ended June 30, 2017. Second Quarter Financial Highlights (all comparisons made are against the prior year period, unless otherwise stated): GAAP results: Revenue was $261.6 million, up 114.5% year-over-year. Cost of revenue was $205.0 million, or 78.4% of revenue, versus $57.4 million or 47.1% in the second quarter of 2016. ...
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