Trigran Investments’ Holdings: Douglas Granat and Larry Oberman’s Top Moves

5. Silver Spring Networks Inc (NYSE:SSNI)

Trigran Investments also boosted its position in Silver Spring Networks Inc (NYSE:SSNI) during the second quarter, by 188% to end the period with ownership of 1.46 million shares worth $16.42 million. The stock of the $700 million developer of large-scale networks and solutions for critical infrastructure has inched down by around 2% year-to-date, mainly affected by the company missing the consensus estimates in its first-quarter financial report. The decline however was offset by a strong second-quarter report, which included EPS of $0.34 and revenue of $78.74 million, which easily beat the expectations of a loss of $0.07 per share and revenue of $69.40 million, respectively. At the end of June, Charles Frumberg’s Emancipation Capital held 82,100 shares of Silver Spring Networks Inc (NYSE:SSNI), up by 62% on the quarter.

everything possible/Shutterstock.com

everything possible/Shutterstock.com

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