Sandvine Co. (SVC) Given Outperform Rating at Scotiabank
A number of other research firms also recently weighed in on SVC. Desjardins raised Sandvine from a hold rating to a buy rating in a research note on Friday. TD Securities reissued a buy rating and issued a C$4.50 price target on shares of Sandvine in a research note on Monday, July 11th. Royal Bank Of Canada reissued an outperform rating and issued a C$4.50 price target on shares of Sandvine in a research note on Friday, July 8th. Canaccord Genuity increased their price target on Sandvine from C$4.00 to C$4.25 and gave the company a buy rating in a research note on Friday, July 8th. Finally, CIBC cut their price target on Sandvine from C$3.50 to C$3.00 in a research note on Tuesday, September 13th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Sandvine presently has an average rating of Buy and an average price target of C$3.56.
Shares of Sandvine (TSE:SVC) remained flat at $3.11 on Friday. 972,400 shares of the stock were exchanged. The stock has a market cap of $432.24 million and a P/E ratio of 12.20. Sandvine has a 52-week low of $2.27 and a 52-week high of $3.73. The company has a 50-day moving average of $3.21 and a 200 day moving average of $2.96.
Sandvine Company Profile
Sandvine Corporation develops and markets Network Policy Control solutions for communications service providers. The Company’s Network Policy Control solutions consists a hardware platform and software modules that are bundled together to provide a system for broadband communications service providers to identify (video streams, such as Netflix, Voice over Internet Protocol traffic, such as Skype, or online gaming), report on and take action on the data traversing their networks.
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