Sandvine Rating Increased to Outperform at RBC Capital (SVC)
Sandvine (TSE:SVC) was upgraded by RBC Capital to an “outperform” rating in a research note issued on Friday. The firm currently has a C$4.60 price target on the stock, up from their previous price target of C$4.00. RBC Capital’s target price points to a potential upside of 36.50% from the stock’s previous close.
Sandvine (TSE:SVC) traded up 4.75% on Friday, hitting $3.53. 675,483 shares of the company’s stock traded hands. Sandvine has a one year low of $1.80 and a one year high of $4.08. The stock has a 50-day moving average of $3.52 and a 200-day moving average of $3.36. The company has a market cap of $528.6 million and a P/E ratio of 24.07.
Sandvine (TSE:SVC) last issued its quarterly earnings data on Friday, July 11th. The company reported $0.03 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.03. On average, analysts predict that Sandvine will post $0.18 earnings per share for the current fiscal year.
Sandvine Corporation (TSE:SVC) is a Canada-based company, engaged in developing and marketing Network Policy Control solutions for high-speed, or broadband, Internet service providers.
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