Sandvine Co. (TSE:SVC) – Equities research analysts at Desjardins lowered their FY2018 EPS estimates for Sandvine in a report released on Wednesday. Desjardins analyst M. Yaghi now anticipates that the company will earn $0.22 per share for the year, down from their previous forecast of $0.23. Desjardins has a “Buy” rating and a $4.25 price objective on the stock.

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Other analysts also recently issued reports about the company. Scotiabank increased their price target on Sandvine from C$4.10 to C$4.15 and gave the stock a “sector perform” rating in a report on Thursday. Royal Bank Of Canada increased their price target on Sandvine from C$3.80 to C$4.10 and gave the stock an “outperform” rating in a report on Friday, April 7th. TD Securities downgraded Sandvine from a “buy” rating to a “tender” rating and decreased their price target for the stock from C$4.50 to C$4.15 in a report on Wednesday. National Bank Financial upgraded Sandvine from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from C$3.25 to C$4.50 in a report on Monday, May 29th. Finally, CIBC increased their price target on Sandvine from C$3.00 to C$3.80 in a report on Monday, May 29th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Sandvine has a consensus rating of “Buy” and a consensus target price of C$4.03.

Shares of Sandvine (TSE SVC) remained flat at $4.25 during mid-day trading on Friday. The company had a trading volume of 1,439,467 shares. The firm has a market capitalization of $534.85 million and a P/E ratio of 50.60. Sandvine has a 52-week low of $2.45 and a 52-week high of $4.27. The company’s 50-day moving average is $3.68 and its 200-day moving average is $3.10.

In other Sandvine news, insider Tom Donnelly sold 25,000 shares of the stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of C$3.08, for a total transaction of C$77,000.00.

Sandvine Company Profile

Sandvine Corporation is engaged in research, design, manufacturing and sale of network policy control solutions for communications service providers. The Company offers various solutions, including business intelligence, traffic optimization, cyber security, subscriber engagement, subscriber services and business services.

Earnings History and Estimates for Sandvine (TSE:SVC)

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