A number of other brokerages have also commented on SVC. TD Securities reaffirmed a buy rating and issued a C$4.50 price objective on shares of Sandvine in a report on Monday, July 11th. Scotiabank raised Sandvine from a sector perform rating to an outperform rating and set a C$3.50 price objective on the stock in a report on Friday, July 8th. Royal Bank Of Canada reaffirmed an outperform rating and issued a C$4.50 price objective on shares of Sandvine in a report on Friday, July 8th. Canaccord Genuity upped their price objective on Sandvine from C$4.00 to C$4.25 and gave the company a buy rating in a report on Friday, July 8th. Finally, CIBC decreased their price objective on Sandvine from C$3.50 to C$3.00 in a report on Tuesday, September 13th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Sandvine presently has a consensus rating of Buy and an average target price of C$3.50.
Sandvine (TSE:SVC) opened at 2.90 on Monday. The company has a 50-day moving average price of $3.30 and a 200 day moving average price of $2.96. Sandvine has a 12 month low of $2.27 and a 12 month high of $3.73. The company has a market capitalization of $403.05 million and a PE ratio of 11.37.
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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