The stock of Sandvine Corporation (TSE:SVC) is a huge mover today! About 309,216 shares traded hands. Sandvine Corporation (TSE:SVC) has risen 7.50% since March 28, 2016 and is uptrending. It has outperformed by 4.49% the S&P500.
The move comes after 9 months negative chart setup for the $392.33 million company. It was reported on Nov, 1 by Barchart.com. We have $2.55 PT which if reached, will make TSE:SVC worth $47.08M less.
Sandvine Corporation (TSE:SVC) Ratings Coverage
Out of 5 analysts covering Sandvine Corporation (TSE:SVC), 5 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $4.70 is the highest target while $3 is the lowest. The $3.89 average target is 34.14% above today’s ($2.9) stock price. Sandvine Corporation has been the topic of 20 analyst reports since September 10, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by TD Securities given on Friday, October 7. The firm has “Outperform” rating by Scotia Capital given on Friday, October 7. The firm earned “Outperform” rating on Friday, October 9 by RBC Capital Markets. The stock of Sandvine Corporation (TSE:SVC) earned “Buy” rating by Desjardins Securities on Friday, July 8. The firm has “Buy” rating given on Friday, July 8 by TD Securities. On Friday, July 8 the stock rating was upgraded by Scotia Capital to “Outperform”. The firm has “Outperform” rating by RBC Capital Markets given on Friday, July 8. The rating was upgraded by Desjardins Securities on Friday, October 7 to “Buy”.
More important recent Sandvine Corporation (TSE:SVC) news were published by: Marketwatch.com which released: “Sandvine Corp.” on April 24, 2011, also Fool.ca published article titled: “Why Sandvine Corporation Shares Surged”, Seekingalpha.com published: “Sandvine Corp’s (SNVNF) CEO Dave Caputo on Q2 2016 Results – Earnings Call …” on July 07, 2016. More interesting news about Sandvine Corporation (TSE:SVC) was released by: Seekingalpha.com and their article: “Sandvine Corp’s (SNVNF) CEO David Caputo on Q1 2016 Results – Earnings Call …” with publication date: April 07, 2016.
Sandvine Corporation develops and markets Network Policy Control solutions for communications service providers. The company has a market cap of $392.33 million. 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 , report on and take action on the data traversing their networks. It has a 8.84 P/E ratio. The Company’s hardware platform, Policy Traffic Switch (PTS) product line includes over three hardware models, the PTS 22000, PTS 24000 and PTS 32000.
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