Sandvine Co. (TSE:SVC) – Investment analysts at National Bank Financial lowered their FY2016 earnings estimates for Sandvine in a research note issued on Thursday. National Bank Financial analyst R. Tse now anticipates that the brokerage will post earnings per share of $0.16 for the year, down from their prior estimate 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.

Earnings History and Estimates for Sandvine (TSE:SVC)

SVC has been the subject of a number of other research reports. CIBC decreased their target price on Sandvine from C$3.50 to C$3.00 in a research report on Tuesday, September 13th. TD Securities reissued a “buy” rating and issued a C$4.25 target price on shares of Sandvine in a research report on Friday, September 30th. Royal Bank Of Canada decreased their target price on Sandvine from C$4.50 to C$4.00 and set an “outperform” rating for the company in a research report on Tuesday, September 13th. Canaccord Genuity decreased their target price on Sandvine from C$4.25 to C$3.75 and set a “buy” rating for the company in a research report on Tuesday, September 13th. Finally, Scotiabank raised Sandvine from a “sector perform” rating to an “outperform” rating and set a C$3.50 target price for the company in a research report on Friday, July 8th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of C$3.56.

Shares of Sandvine (TSE:SVC) opened at 3.11 on Monday. Sandvine has a one year low of $2.27 and a one year high of $3.73. The stock has a 50 day moving average of $3.21 and a 200-day moving average of $2.96. The stock has a market capitalization of $432.24 million and a P/E ratio of 12.20.

About Sandvine

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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