Sandvine Co. (TSE:SVC) – Stock analysts at National Bank Financial decreased their FY2017 earnings per share (EPS) estimates for Sandvine in a note issued to investors on Monday. National Bank Financial analyst R. Tse now forecasts that the company will post earnings per share of $0.13 for the year, down from their previous forecast of $0.14. National Bank Financial has a “Outperform” rating and a $4.50 price objective on the stock.

A number of other research analysts also recently weighed in on the company. TD Securities raised Sandvine from a “hold” rating to a “buy” rating and raised their price objective for the company from C$3.00 to C$4.50 in a research note on Monday, May 29th. Desjardins lowered Sandvine from a “hold” rating to a “tender” rating and set a C$3.71 target price on the stock. in a report on Monday, May 29th. CIBC raised their target price on Sandvine from C$3.00 to C$3.80 in a report on Monday, May 29th. Royal Bank Of Canada raised their target price on Sandvine from C$3.80 to C$4.10 and gave the company an “outperform” rating in a report on Friday, April 7th. Finally, Scotiabank raised their target price on Sandvine from C$3.00 to C$3.50 and gave the company an “outperform” rating in a report on Friday, April 7th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Sandvine presently has a consensus rating of “Buy” and a consensus target price of C$4.19.

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Sandvine (TSE SVC) remained flat at $4.36 during trading on Wednesday. The company had a trading volume of 48,825 shares. The company has a market capitalization of $536.28 million and a price-to-earnings ratio of 68.12. Sandvine has a 1-year low of $2.45 and a 1-year high of $4.53. The stock’s 50-day moving average is $4.07 and its 200-day moving average is $3.25.

Sandvine (TSE:SVC) last released its quarterly earnings results on Monday, July 17th. The company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.02. The company had revenue of $37.08 million during the quarter, compared to analysts’ expectations of $43.94 million. Sandvine had a return on equity of 9.40% and a net margin of 12.20%.

About Sandvine

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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