Executives and guests of Silver Spring Networks, a leading smart grid networking platform technology and solutions provider, will visit the New York Stock Exchange (NYSE) to celebrate the company’s initial public offering. Silver Spring Networks will begin trading today on the NYSE under the ticker symbol “SSNI”.
In honor of the occasion, Chairman, President & Chief Executive Officer Scott Lang, joined by members of the company’s management team, will ring the NYSE Opening Bell.
About Silver Spring Networks (NYSE: SSNI)
Silver Spring Networks is a leading networking platform and solutions provider for smart energy networks. Our pioneering IPv6 networking platform, with 15.8 million Silver Spring enabled devices delivered, is connecting utilities to homes and business...
We have previously partnered with other firms to launch analytical data products, but nothing quite like this. Now we’re venturing into a largely uncharted and exciting new place - social media. To say we’re excited about the possibilities would be an understatement. Social media is just beginning to take hold in financial markets. As an industry we have been watching and listening for a while not quite sure what to do with Twitter… and StockTwits… and bloggers (oh my!)
Now we (the collective we) are also contributing...
From The Trading Floor: Equities fluctuating between positive and negative territory this morning aided by a better than expected Retail Sales number for February, but held in check by investors wanting to book profits
Mortgage applications dropped last week by -4.7% as higher mortgage rates prompted a decline in refinancing and home purchases
Sales at U.S. retailers rose in February by 1.1%, the most in 5 months as an improved job market and stronger household finances cushioned the effect of higher payroll taxes. Sales Less Autos & Gas up 0.4% vs. consensus of 0.3% for the month
The Import Price Index for February rose by 1.1%
Business Inventories rose in January by 1%, the most since May 2011
Silver Spring Networks priced 80.75 million shares at $17.00 last night. The opening print this morning was $22.00 on a print of 570,415 shares.
Ahead of the Bell: Dow futures are trading down 32 points and S&P futures are trading down 4 points. Dueling budget plans debut in Washington after congressional leaders offered up a vastly different proposal than the one introduced by President, Barack Obama to reduce the deficit. Both plans are unlikely to get approval and raised fresh new doubts whether a compromise on taxes and spending could be realized. Investors have temporarily turned cautious as Italy is set to auction off its first long-term debt today, since its latest downgrade.
On the economic calendar today, retail sales for February will be out before the market opens, it is forecasted 0.5% compared with 0.1% for January. Import and export prices for February will also be out prior to the opening bell; it is forecasted to be 0.2% versus 0.3% for January.
The dollar is up against euro and the Japanese yen and down against the...