Sandvine Corporation’s Trend Up, Especially After Today’s Strong Session

 Sandvine Corporation's Trend Up, Especially After Today's Strong Session

The stock of Sandvine Corporation (TSE:SVC) is a huge mover today! About 42,750 shares traded hands. Sandvine Corporation (TSE:SVC) has risen 12.72% since April 22, 2016 and is uptrending. It has outperformed by 6.71% the S&P500.
The move comes after 9 months positive chart setup for the $420.66M company. It was reported on Nov, 28 by Barchart.com. We have $3.41 PT which if reached, will make TSE:SVC worth $33.65 million more.

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 23.10% above today’s ($3.16) stock price. Sandvine Corporation has been the topic of 20 analyst reports since September 10, 2015 according to StockzIntelligence Inc. As per Friday, October 7, the company rating was upgraded by Desjardins Securities. The stock of Sandvine Corporation (TSE:SVC) has “Outperform” rating given on Friday, July 8 by Scotia Capital. The stock of Sandvine Corporation (TSE:SVC) has “Buy” rating given on Friday, July 8 by Desjardins Securities. RBC Capital Markets maintained the shares of SVC in a report on Friday, July 8 with “Outperform” rating. The stock of Sandvine Corporation (TSE:SVC) earned “Outperform” rating by RBC Capital Markets on Friday, October 9. The rating was maintained by Scotia Capital with “Outperform” on Friday, October 7. The firm has “Buy” rating given on Friday, July 8 by TD Securities. As per Friday, October 7, the company rating was maintained by TD Securities.

More recent Sandvine Corporation (TSE:SVC) news were published by: Fool.ca which released: “Why Sandvine Corporation Shares Surged” on April 10, 2014. Also Marketwatch.com published the news titled: “Sandvine Corp.” on April 24, 2011. Seekingalpha.com‘s news article titled: “Sandvine Corp’s (SNVNF) CEO Dave Caputo on Q2 2016 Results – Earnings Call …” with publication date: July 07, 2016 was also an interesting one.

Sandvine Corporation develops and markets Network Policy Control solutions for communications service providers. The company has a market cap of $420.66 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 9.54 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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