Sandvine Co. (SVC) Given Consensus Recommendation of “Buy” by Brokerages
Sandvine Co. (TSE:SVC) has received an average recommendation of “Buy” from the seven research firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$4.19.
SVC has been the subject of a number of recent analyst reports. TD Securities upgraded shares of Sandvine from a “hold” rating to a “buy” rating and upped their price objective for the company from C$3.00 to C$4.50 in a research report on Monday, May 29th. Scotiabank upped their price objective on shares of Sandvine from C$4.10 to C$4.15 and gave the company a “sector perform” rating in a research report on Thursday, June 29th. Desjardins upgraded shares of Sandvine from a “tender” rating to a “buy” rating and upped their price objective for the company from C$3.80 to C$4.25 in a research report on Wednesday, June 28th. CIBC upped their price objective on shares of Sandvine from C$3.00 to C$3.80 in a research report on Monday, May 29th. Finally, National Bank Financial upgraded shares of Sandvine from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from C$3.25 to C$4.50 in a research report on Monday, May 29th.
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Shares of Sandvine (TSE SVC) remained flat at $4.39 during trading on Friday. The company’s stock had a trading volume of 72,954 shares. The stock has a market cap of $527.83 million and a PE ratio of 69.68. Sandvine has a 1-year low of $2.45 and a 1-year high of $4.53. The stock’s 50-day moving average price is $4.38 and its 200 day moving average price is $3.75.
Sandvine (TSE:SVC) last released its quarterly earnings data on Monday, July 17th. The company reported C$0.01 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.03 by C($0.02). Sandvine had a net margin of 4.02% and a return on equity of 2.68%. The firm had revenue of C$37.08 million during the quarter, compared to the consensus estimate of C$43.94 million. On average, equities analysts anticipate that Sandvine will post $0.09 earnings per share for the current year.
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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