Sandvine Co. (TSE:SVC) Price Target Increased to C$4.40 by Analysts at CIBC
Sandvine Co. (TSE:SVC) had its target price increased by research analysts at CIBC from C$3.80 to C$4.40 in a research report issued on Tuesday, July 18th. CIBC’s price objective suggests a potential upside of 0.46% from the company’s current price.
Several other research firms have also weighed in on SVC. Scotiabank upped their price target on Sandvine from C$3.00 to C$3.50 and gave the company an “outperform” rating in a research report on Friday, April 7th. TD Securities upped their price target on Sandvine from C$4.15 to C$4.40 and gave the company a “tender” rating in a research report on Monday, July 10th. Royal Bank Of Canada upped their price target on Sandvine from C$3.80 to C$4.10 and gave the company an “outperform” rating in a research report on Friday, April 7th. National Bank Financial raised Sandvine from a “sector perform” rating to an “outperform” rating and upped their price target for the company from C$3.25 to C$4.50 in a research report on Monday, May 29th. Finally, Desjardins lowered Sandvine from a “hold” rating to a “tender” rating and set a C$3.71 price target on the stock. in a research report on Monday, May 29th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of C$4.19.
Shares of Sandvine (SVC) traded down 0.114% during midday trading on Tuesday, hitting $4.375. The company had a trading volume of 14,850 shares. The stock’s 50-day moving average price is $4.34 and its 200-day moving average price is $3.47. The company has a market cap of $526.03 million and a price-to-earnings ratio of 69.444. Sandvine has a 12 month low of $2.45 and a 12 month high of $4.53.
Sandvine (TSE:SVC) last announced its earnings results on Monday, July 17th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by $0.02. The company had revenue of $37.08 million for the quarter, compared to analyst estimates of $43.94 million. Sandvine had a return on equity of 2.68% and a net margin of 4.02%. On average, equities research analysts forecast that Sandvine will post $0.11 EPS for the current year.
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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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