Sandvine Co. (TSE:SVC) – Investment analysts at National Bank Financial lowered their FY2016 EPS estimates for Sandvine in a research note issued on Thursday. National Bank Financial analyst R. Tse now forecasts that the brokerage will earn $0.16 per share for the year, down from their previous forecast of $0.17. National Bank Financial has a “Sector Perform Market Weight” rating on the stock. National Bank Financial also issued estimates for Sandvine’s FY2017 earnings at $0.20 EPS.
Several other analysts have also weighed in on the company. Royal Bank Of Canada restated an “outperform” rating and set a C$4.50 price target on shares of Sandvine in a report on Friday, July 8th. 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. Desjardins lowered Sandvine from a “buy” rating to a “hold” rating and set a C$2.25 price target on the stock. in a report on Tuesday, September 13th. TD Securities restated a “buy” rating and set a C$4.50 price target on shares of Sandvine in a report on Monday, July 11th. Finally, CIBC decreased their price target on Sandvine from C$3.50 to C$3.00 in a report on Tuesday, September 13th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of C$3.56.
Sandvine (TSE:SVC) opened at 3.11 on Monday. 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 $3.20 and a 200-day moving average of $2.96. The company has a market cap of $432.24 million and a PE ratio of 12.20.
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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