Several other research analysts have also commented on the company. CIBC lifted their price target on Sandvine from C$3.25 to C$3.50 in a report on Friday, July 8th. Canaccord Genuity reduced their price target on Sandvine from C$4.25 to C$3.75 and set a buy rating on the stock in a report on Tuesday, September 13th. Desjardins reiterated a buy rating and set a C$3.80 price target on shares of Sandvine in a report on Friday, July 8th. Royal Bank Of Canada reiterated an outperform rating and set a C$4.50 price target on shares of Sandvine in a report on Friday, July 8th. Finally, Scotiabank upgraded Sandvine from a sector perform rating to an outperform rating and set a C$3.50 price target on the stock in a report on Friday, July 8th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of Buy and an average target price of C$3.50.
Sandvine (TSE:SVC) opened at 2.94 on Friday. The firm’s 50-day moving average is $3.23 and its 200 day moving average is $2.96. Sandvine has a one year low of $2.27 and a one year high of $3.73. The company has a market capitalization of $408.61 million and a PE ratio of 11.53.
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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