Sandvine Co. (TSE:SVC) – Equities researchers at National Bank Financial lowered their FY2016 earnings per share estimates for shares of Sandvine in a research report issued on Thursday. National Bank Financial analyst R. Tse now forecasts that the firm will post earnings of $0.16 per share for the year, down from their prior estimate of $0.17. National Bank Financial currently 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.

Other equities analysts have also issued research reports about the company. CIBC lowered their price target on Sandvine from C$3.50 to C$3.00 in a research report on Tuesday, September 13th. Canaccord Genuity lifted their price target on Sandvine from C$3.75 to C$4.00 in a research report on Friday. TD Securities reaffirmed a “buy” rating and issued a C$4.50 price target on shares of Sandvine in a research report on Tuesday, July 5th. Finally, Desjardins reaffirmed a “buy” rating and issued a C$3.80 price target on shares of Sandvine in a research report on Friday, July 8th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of C$3.56.

Earnings History and Estimates for Sandvine (TSE:SVC)

Shares of Sandvine (TSE:SVC) opened at 3.11 on Monday. Sandvine has a 1-year low of $2.27 and a 1-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 company has a market capitalization of $432.24 million and a price-to-earnings ratio of 12.20.

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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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