Silver Spring Networks Inc (SSNI) Jumps 16.53% on February 09

Equities Staff |

Silver Spring Networks Inc (SSNI) was among the biggest gainers on the Russell 2000 for Tuesday February 09 as the stock popped 16.53% to $11.35, representing a gain of $1.61 per share. Some 591,426 shares traded hands on 4,098 trades, compared with an average daily volume of 303,662 shares out of a total float of 50.34 million. The stock opened at $10.59 and traded with an intraday range of $11.37 to $9.71.

After today's gains, Silver Spring Networks Inc reached a market cap of $571.39 million. Silver Spring Networks Inc has had a trading range between $16.18 and $7.16 over the last year, and it had a 50-day SMA of $13.12 and a 200-day SMA of $12.80.

The stock has a P/E Ratio of 26.3.

Silver Spring Networks Inc provides networking platform and solutions that enable utilities to transform the power grid infrastructure into the smart grid. The Company operates in United States, Australia and rest of world.

Silver Spring Networks Inc is based out of Redwood City, CA and has some 576 employees. Its CEO is Michael A. Bell.

For a complete fundamental analysis analysis of Silver Spring Networks Inc, check out’s Stock Valuation Analysis report for SSNI. To see the latest independent stock recommendations from’s analysts, visit our Research section.

The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

For more news on the financial markets, go to Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:


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