Sandvine’s (SVC) Buy Rating Reiterated at TD Securities
Several other research firms also recently commented on SVC. Desjardins raised Sandvine from a hold rating to a buy rating in a research note on Friday, October 7th. Scotiabank raised Sandvine from a sector perform rating to an outperform rating and set a C$3.50 target price for the company in a research note on Friday, July 8th. Royal Bank Of Canada reaffirmed an outperform rating and issued a C$4.50 target price on shares of Sandvine in a research note on Friday, July 8th. Canaccord Genuity raised their target price on Sandvine from C$4.00 to C$4.25 and gave the stock a buy rating in a research note on Friday, July 8th. Finally, CIBC cut their target price on Sandvine from C$3.50 to C$3.00 in a research note on Tuesday, September 13th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The stock has an average rating of Buy and an average target price of C$3.56.
Shares of Sandvine (TSE:SVC) opened at 3.08 on Friday. The company has a 50-day moving average of $3.18 and a 200-day moving average of $2.96. Sandvine has a 1-year low of $2.27 and a 1-year high of $3.73. The stock has a market capitalization of $409.76 million and a price-to-earnings ratio of 12.47.
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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