Sandvine Co. (SVC) Upgraded by Desjardins to Buy
Sandvine Co. (TSE:SVC) was upgraded by research analysts at Desjardins from a “hold” rating to a “buy” rating in a report issued on Friday.
Several other analysts also recently weighed in on SVC. CIBC cut their price objective on shares of Sandvine from C$3.50 to C$3.00 in a research report on Tuesday, September 13th. TD Securities reiterated a “buy” rating and issued a C$4.25 price objective on shares of Sandvine in a research report on Friday, September 30th. Royal Bank Of Canada cut their price objective on shares of Sandvine from C$4.50 to C$4.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 13th. Canaccord Genuity cut their price objective on shares of Sandvine from C$4.25 to C$3.75 and set a “buy” rating on the stock in a research report on Tuesday, September 13th. Finally, Scotiabank upgraded shares of Sandvine from a “sector perform” rating to an “outperform” rating and set a C$3.50 price objective on the stock in a research report on Friday, July 8th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Sandvine currently has an average rating of “Buy” and a consensus target price of C$3.56.
Shares of Sandvine (TSE:SVC) traded up 0.96% on Friday, reaching $3.14. 673,605 shares of the company’s stock traded hands. The firm has a market capitalization of $436.41 million and a price-to-earnings ratio of 12.31. 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 price of $3.21 and a 200 day moving average price of $2.96.
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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