the reason the stock swings is in the subject line. Insiders/venture locked up shares cannot be unloaded until months go by to accommodate the average daily volume. Those shares are taken up by smart money accumulation. This stock will take a while to make upside progress again.
Sentiment: Strong Buy
Was the tip I just received on this so will take a small initial long position. I normally don't have patience to hold a stock that long so might just trade it along the way.
This move is only worth noting IMO if today's volume passes the ADV. But the 5 day MA has crossed the 20 day MA and the technical indicators are good. As we know, this is only 1 guideline. Here:
"...The business could be either good or bad, while the stock can be cheap or expensive. Don't love or hate the price of the stock, love or hate the company. Value the stock as either cheap or expensive based on how you feel about the business..." - Samuel Ziefman
This stock has a float that is beneficial for us. However, if you're an insider whose shares were locked up and you need the money...you should sell. If those shares are numerous AND the float is relatively small AND the AVERAGE DAILY VOLUME IS TINY...then it will take a long base period for the stock to reflect the underlying uptrend in fundamentals.
You'd be objectively wrong in that statement. Intellectually, you've missed the beneficially, objective analysis contained there-in. Regardless of which service or individual you use for information...like Cramer...you always receive their opinions to boot. It's statements like yours that render the rest of what you have to say useless to us that look for information and not emotion.
Best of luck to you. Take Care.
We should all understand that Seeking Alpha articles are written by individuals talking up their own book and nothing more.
if it helps you understand the stock's weakness in the face of consistently improving fundamentals, you'd have to look at why anyone would sell and sell a relative large amount. What could that be? Well it's not investors that know what their doing over a 2-5 year timeframe. It's not institutional investors. It's the lock-up expiration in my experience. Look at the shares O/S, look at the average daily volume, look at the time it would take (trading days) to sell the previously restricted Legend Stock, and you have the probable reason for the stock's weakness. If you believe in owning companies (small cap) with solid fundamentals in a large, growing market niche, then add solid analyst following (Credit Suisse, Goldman Sachs, Seeking Alpha), then you should own this company's stock.
Home Quotes SSNI After Hours Trading
Silver Spring Networks, Inc. After Hours Trading
*Delayed - data as of 11/01/2013 16:14
Read more: http://www.nasdaq.com/symbol/ssni/after-hours#ixzz2jULuizZl
We certainly have some nice dry powder there to go look hard at what is in the market with $143 million of cash and no debt and a very strong balance sheet. So we're looking hard at that and there's not -- I'd say we're not really close to anything right now but we're certainly keeping an eye on things.
Scott A. Lang - Chief Executive Officer, President and Chairman
Yes. I think the pace of customer wins per year is going to constantly go up. And I think that's driven by we're touching on new parts of the world that we were never touching on before and our success in new markets with their similar challenges and they're looking to us as the leader here in the United States to help them through those challenges. And it's also driven by our focus on the applicability of our technology to adjacent markets. So I look at, again, since we have just talked about it, the streetlight business. The pipeline there and the number of deals that we are following and tracking is a lot of deals
Mark McKechnie - Evercore Partners Inc., Research Division
And one final one, if I may. You talked about active pipeline and a lot more pilots. Anything you can share with us to quantify your visibility over the next quarter and really the next year? Has backlog grown quarter-on-quarter? I don't expect you to give the backlog, but how do you feel about your backlog coverage for this quarter and how that's changed quarter-on-quarter?
John R. Joyce - Vice Chairman and Executive Vice President
Yes, this is John. As I said, I believe, on the last call, we're going to be disclosing the backlog when we do the fourth quarter call. So we'll talk about that and the coverage that we'll have, obviously, on what we see for 2014 on the next call. But suffice it to say that when we look at what we think we're going to do in the next quarter, as well as when we were talking about 2013, we're constantly looking at the backlog, what's under contract and whatnot. And so the only thing I really could say is you could rest assured that, that is a -- one of the things that we look at very carefully as we make our forward-looking statements, which obviously gives us the visibility where we've been able to basically hit all the numbers that we've been talking about over the last 3 quarters, and that's what gives us that visibility.
Patrick Jobin - Crédit Suisse AG, Research Division
Okay. And then just lastly on the endpoints. They were roughly flat for endpoints connected and -- or delivered in Q3 versus Q2. Should we expect that to start picking up into the fourth quarter? Or how does the deployment schedules look?
Jim Burns - Chief Financial Officer and Executive Vice President
It will pick up nicely in the fourth quarter. Scott mentioned a couple of large-scale deployments, which are just getting underway right now, and we'll see a nice sequential uptick in the endpoints in Q4.
Non-GAAP net income was $10 million, up from breakeven a year ago, and non-GAAP EPS was $0.19. We generated $21 million in operating cash flow this quarter. Our balance sheet is strong with $143 million in cash and investments and no debt. We expect to generate positive cash flow again in Q4.
Now on to the outlook. For the full year, we are reconfirming our annual guidance. We expect full year non-GAAP revenue growth of approximately 18%; full year non-GAAP gross profit margins of approximately 36%, up 2 points year-on-year; full year non-GAAP EPS of approximately $0.14; full year share count of approximately 40.4 million; and fourth quarter share count of approximately 49.7 million shares
John R. Joyce - Vice Chairman and Executive Vice President
Thanks, Scott. It's been an amazing experience over the last 3 years, leading us to this position of strength. We've had 3 strong quarters since going public. We have grown non-GAAP revenues 16% year-to-year. We have significantly expanded our gross profit margins as we said we would. And we have won new business that impacts not only 2013 but 2014 and beyond. This quarter, our gross profit margins hit 42%, up 11 points from a year ago. And we generated cash flow and profitability. We have never been in a stronger position financially.