Sandvine Co. (TSE:SVC) Given Average Recommendation of “Buy” by Analysts
Shares of Sandvine Co. (TSE:SVC) have earned a consensus recommendation of “Buy” from the seven research firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$4.19.
A number of research firms have recently commented on SVC. Royal Bank Of Canada upped their price target on shares of Sandvine from C$4.15 to C$4.40 and gave the stock a “sector perform” rating in a report on Tuesday, July 18th. CIBC upped their price target on shares of Sandvine from C$3.80 to C$4.40 in a report on Tuesday, July 18th. TD Securities increased their target price on shares of Sandvine from C$4.15 to C$4.40 and gave the stock a “tender” rating in a report on Monday, July 10th. Scotiabank cut shares of Sandvine from an “outperform” rating to a “sector perform” rating and set a C$4.15 target price on the stock. in a report on Friday, July 7th. Finally, Desjardins upgraded shares of Sandvine from a “tender” rating to a “buy” rating and increased their target price for the stock from C$3.80 to C$4.25 in a report on Wednesday, June 28th.
Sandvine (TSE:SVC) remained flat at $4.37 during midday trading on Friday. The stock had a trading volume of 598,593 shares. The stock’s 50-day moving average price is $4.21 and its 200-day moving average price is $3.37. The firm has a market cap of $525.43 million and a P/E ratio of 69.37. Sandvine has a 52 week low of $2.45 and a 52 week high of $4.53.
Sandvine (TSE:SVC) last posted its quarterly earnings results on Monday, July 17th. The company reported $0.01 EPS 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 the consensus estimate of $43.94 million. Sandvine had a return on equity of 9.40% and a net margin of 12.20%. Equities research analysts forecast that Sandvine will post $0.11 EPS for the current fiscal year.
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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.
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