Sandvine Co. (SVC) Given Consensus Rating of “Buy” by Analysts
Sandvine Co. (TSE:SVC) has been assigned an average recommendation of “Buy” from the eight research firms that are presently covering the company. Five research analysts have rated the stock with a buy rating. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$3.83.
SVC has been the subject of several research reports. Desjardins upgraded shares of Sandvine from a “hold” rating to a “buy” rating in a research report on Friday, October 7th. TD Securities restated a “buy” rating and set a C$4.50 price objective on shares of Sandvine in a research report on Monday, July 11th. Scotiabank upgraded shares of Sandvine from a “sector perform” rating to an “outperform” rating and set a C$3.50 price objective for the company in a research report on Friday, July 8th. Royal Bank Of Canada restated an “outperform” rating and set a C$4.50 price objective on shares of Sandvine in a research report on Friday, July 8th. Finally, Canaccord Genuity raised their price objective on shares of Sandvine from C$4.00 to C$4.25 and gave the stock a “buy” rating in a research report on Friday, July 8th.
Shares of Sandvine (TSE:SVC) traded up 0.91% on Tuesday, reaching $3.05. The company’s stock had a trading volume of 323,171 shares. Sandvine has a 52-week low of $2.27 and a 52-week high of $3.73. The firm has a 50 day moving average of $3.13 and a 200 day moving average of $2.97. The company has a market cap of $405.77 million and a PE ratio of 12.35.
Sandvine Company Profile
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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