Credit Suisse Believes 2015 Outlook Highlights Margin Focus for Silver Spring Networks

In a report published Tuesday, Credit Suisse analyst Patrick Jobin reiterated a Neutral rating and $11.00 price target on

. In the report, Credit Suisse noted, "SSNI reported Q4 Non-GAAP Rev/EPS of $70.4m/$0.03 vs. our estimates of $76.2m/$0.01 and consensus of $76m/$0.03. While the company fell $5m short on revenue guidance of $73-$78m owing to two project delays, the company was able to beat on the bottom-line vs. guidance of $0.01-$0.04 from higher-margins (GM of 41.3% vs. guidance of 38-40%). Our 2015/16 EPS estimates are lowered to ($0.10)/$0.15." Silver Spring Networks closed on Monday at $7.23.