Weakness Seen in Silver Spring Networks (SSNI): Stock Slumps 11.9%

Zacks

Silver Spring Networks, Inc. (SSNI) saw a big move last session, as the company’s shares fell by nearly 12 % on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent trend for SSNI, as the stock is now down nearly 24% since Jul 9.
 
This Computer Networks provider has seen a flat track record when it comes to current year estimate revisions, as there has been no revision on either side over the past few weeks. The consensus for loss estimate hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
 
SSNI currently has a Zacks Rank # 4 (Sell).
 
Some better-ranked stocks in the Technology sector include CommScope Holding Company, Inc. (COMM), Cypress Semiconductor Corporation (CY) and Expedia Inc. (EXPE).  All these stocks carry a Zacks Rank #1 (Strong Buy).
 
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SILVER SPRING NETWORKS INC (SSNI): Free Stock Analysis Report

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