Sandvine Co. (TSE:SVC) had its price objective upped by Royal Bank Of Canada from C$4.15 to C$4.40 in a research report sent to investors on Tuesday, July 18th. The brokerage currently has a sector perform rating on the stock.
Other equities research analysts also recently issued research reports about the company. Scotiabank downgraded Sandvine from an outperform rating to a sector perform rating and set a C$4.15 price objective for the company. in a report on Friday, July 7th. CIBC boosted their price objective on Sandvine from C$3.80 to C$4.40 in a report on Tuesday, July 18th. TD Securities boosted their price objective on Sandvine from C$4.15 to C$4.40 and gave the company a tender rating in a report on Monday, July 10th. Desjardins downgraded Sandvine from a hold rating to a tender rating and set a C$3.71 price objective for the company. in a report on Monday, May 29th. Finally, National Bank Financial upgraded Sandvine from a sector perform rating to an outperform rating and boosted their price objective for the company from C$3.25 to C$4.50 in a report on Monday, May 29th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of C$4.19.
Sandvine (SVC) traded down 0.23% during mid-day trading on Tuesday, reaching $4.37. The company had a trading volume of 23,250 shares. The firm has a market capitalization of $525.43 million and a P/E ratio of 69.37. The firm’s 50-day moving average is $4.34 and its 200-day moving average is $3.47. Sandvine has a one year low of $2.45 and a one year high of $4.53.
Sandvine (TSE:SVC) last issued its quarterly earnings results on Monday, July 17th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by $0.02. The business had revenue of $37.08 million during the quarter, compared to analyst estimates of $43.94 million. Sandvine had a net margin of 4.02% and a return on equity of 2.68%. On average, equities research analysts anticipate that Sandvine will post $0.11 earnings per share for the current fiscal year.
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Sandvine Company Profile
Sandvine Corporation researches, designs, develops, manufactures, and markets network policy control solutions for fixed, mobile, and converged communications service providers (CSPs) worldwide. Its network policy solutions comprise hardware platform and proprietary software modules. The company provides business intelligence solutions, which enable business decisions regarding service plans, traffic management policies, and capital investments; subscriber services; and traffic optimization solutions, which mitigates the network congestion and ensures optimal use of network resources.
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