Key Developments: Silver Spring Networks Inc (SSNI.N)

SSNI.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Silver Spring Networks closes acquisition of Streetlight.Vision
Wednesday, 28 May 2014 08:00am EDT 

Silver Spring Networks Inc:Completes acquisition of Streetlight.Vision.  Full Article

Silver Spring Networks Inc gives Q2 2014 guidance below analysts' estimates - Conference Call
Tuesday, 6 May 2014 04:30pm EDT 

Silver Spring Networks Inc:Expects Q2 2014 non-GAAP revenue of about $60 million to $65 million.Expects Q2 2014 non-GAAP loss per share of about $0.22 to $0.26.Q2 2014 revenue of $75 million and EPS of $(0.12) - Thomson Reuters I/B/E/S.  Full Article

Silver Spring Networks to acquire Streetlight.Vision
Tuesday, 6 May 2014 04:07pm EDT 

Silver Spring Networks Inc:To acquire Streetlight.Vision, a provider of control and management software for street lights.Paris-based Streetlight.Vision is engaged in projects with cities around the world including in Asia and Europe.Acquisition will enhance Silver Spring's networked street light solution, expand its geographic reach, and will be leveraged for additional solutions within the growing Smart City market.  Full Article

Silver Spring Networks Inc gives FY, Q1 2014 guidance below analysts' estimates - Conference Call
Monday, 10 Feb 2014 04:30pm EST 

Silver Spring Networks Inc:Expects FY 2014 non-GAAP revenue growth of about 5 pct to 8 pct.Expects FY 2014 Non-GAAP EPS of about $0.05 to $0.15.Expects Q1 2014 non-GAAP revenue of about $67 million to $68 million.Expects Q1 2014 Non-GAAP loss per share of about $0.20 to $0.21.Reported revenue of $344.09 million in FY 2013.FY 2014 revenue of $372.41 million and EPS of $0.27 - Thomson Reuters I/B/E/S.Q1 2014 revenue of $74 million and EPS of ($0.08) - Thomson Reuters I/B/E/S.  Full Article

Silver Spring Networks Inc gives Q4, FY 2013 guidance below analysts' estimates
Thursday, 16 Jan 2014 04:10pm EST 

Silver Spring Networks Inc:Says FY 2013 revenue of $342 - $343 million.Says FY 2013 GAAP revenue of $325 - $326 million.Says FY 2013 non-GAAP loss per share of ($0.08) -- ($0.10).Says FY 2013 GAAP loss per share of ($4.55) -- ($4.57).Says Q4 2013 non-GAAP revenue of $88 - $89 million.Says Q4 2013 GAAP revenue of $95 - $96 million.Says Q4 2013 non-GAAP earnings (loss) per share of ($0.01) - $0.00.Says Q4 2013 GAAP earnings (loss) per share of ($0.02) - $0.00.FY 2013 revenue of $359 million and EPS of $0.14 - Thomson Reuters I/B/E/S Estimates.Q4 2013 revenue of $105 million and EPS of $0.18 - Thomson Reuters I/B/E/S Estimates.  Full Article

Silver Spring Networks Inc Reaffirms FY 2013 Guidance - Conference Call
Wednesday, 30 Oct 2013 04:30pm EDT 

Silver Spring Networks Inc announced that for fiscal 2013, it is reconfirming annual guidance and expects non-GAAP revenue growth of approximately 18% and non-GAAP EPS of approximately $0.14. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $360 million and EPS of $0.13 for fiscal 2013.  Full Article

Silver Spring Networks Inc Partners with Metrix for Smart Metering-as-a-Service Model
Wednesday, 18 Sep 2013 04:30pm EDT 

Silver Spring Networks Inc announced a partnership with Metrix, metering service provider, to leverage the Silver Spring networking platform to deliver smart metering-as-a-service to retail energy providers. The first joint deployment between Silver Spring and Metrix will be for Counties Power, a lines company serving more than 37,000 customers in New Zealand`s North Island. Metrix, a division of Mighty River Power, has successfully deployed more than 330,000 smart meters in the greater Auckland area and is expanding into other areas to meet the increasing demand for smart metering services.  Full Article

Silver Spring Networks Inc Names Jim Burns As Chief Financial Officer
Thursday, 5 Sep 2013 04:05pm EDT 

Silver Spring Networks Inc announced that Jim Burns is joining the Company as Executive Vice President and Chief Financial Officer. John Joyce, the Company`s current Vice Chairman and Chief Financial Officer, will continue as Silver Spring`s Vice Chairman and will focus on strategic initiatives and corporate development.  Full Article

Silver Spring Networks Inc Expands Smart City Infrastructure Platform Through New Collaboration With SELC
Thursday, 20 Jun 2013 03:30am EDT 

Silver Spring Networks Inc announced that it is expanding its Smart City infrastructure platform through a new collaboration with street lighting control pioneer SELC. Through this collaboration, the parties intend to integrate Silver Spring`s IPv6 networking platform with SELC`s street light control systems and jointly bring the combined solution to market globally. These enhanced capabilities enable operators to leverage a standards-based network infrastructure to reduce costs over manual street light monitoring, greatly extend the lifespan of existing high-pressure sodium (HPS) street lights, and establish an open networking platform for the future deployment and management of more efficient light-emitting diode (LED) lighting.  Full Article

Silver Spring Networks Inc Announces Closing of Initial Public Offering
Monday, 18 Mar 2013 04:30pm EDT 

Silver Spring Networks Inc announced the closing of its previously announced initial public offering of 5,462,500 shares of common stock at a price to the public of $17.00 per share, which included 712,500 shares of common stock issued upon the exercise in full of the underwriters` option to purchase additional shares to cover over-allotments. All of the shares sold in the offering were sold by Silver Spring Networks. The shares began trading on The New York Stock Exchange on March 13, 2013 under the symbol SSNI. Goldman, Sachs & Co. and Credit Suisse Securities (USA) LLC acted as joint book-running managers for the offering and Stifel, Nicolaus & Company, Incorporated, Piper Jaffray & Co., Canaccord Genuity Inc., Evercore Group L.L.C., Pacific Crest Securities LLC and Robert W. Baird & Co. acted as co-managers.  Full Article

BRIEF-Silver Spring Networks shares down 28 pct after the bell following prelim. results

NEW YORK, Jan 16 - Silver Spring Networks Inc : * Shares were down 28 percent after the bell following preliminary results

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