A number of other research firms have also recently commented on SVC. Canaccord Genuity increased their target price on Sandvine from C$3.75 to C$4.00 in a research note on Friday, October 7th. Royal Bank Of Canada increased their target price on Sandvine from C$4.00 to C$4.20 and gave the company an outperform rating in a research note on Friday, October 7th. TD Securities reaffirmed a buy rating and set a C$4.50 price objective on shares of Sandvine in a research note on Monday, July 11th. Scotiabank reaffirmed an outperform rating and set a C$3.50 price objective on shares of Sandvine in a research note on Tuesday, September 13th. Finally, CIBC reduced their price objective 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 company presently has an average rating of Buy and an average price target of C$3.56.
Sandvine (TSE:SVC) opened at 3.06 on Friday. The stock has a 50 day moving average price of $3.17 and a 200-day moving average price of $2.96. The firm has a market capitalization of $407.10 million and a P/E ratio of 12.39. Sandvine has a 52 week low of $2.27 and a 52 week high of $3.73.
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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