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Canaccord Genuity announced Sandvine Corporation (TSE:SVC), upping its target price to $4.00 earlier today

Canaccord Genuity upped the price target of Sandvine Corporation (TSE:SVC) to $4.00 indicating a possible upside of 0.27%.

Previously on 09/30/2016, TD Securities reported on Sandvine Corporation (TSE:SVC) bumped up the target price from $0.00 to $4.25 that suggested an upside of 0.46%.

Yesterday Sandvine Corporation (TSE:SVC) traded 0.64% higher at $3.14. SVC’s 50-day average is $3.21 and its two hundred day average is $2.96. With the last stock price close up 5.81% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Volume of trade was up over the average, with 735,755 shares of SVC changing hands over the typical 731,455

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Sandvine Corporation (TSE:SVC)

Sandvine Corporation has a price-earnings ratio of 12.27 with a one year low of $2.27 and a one year high of $3.73 SVC’s total market value is presently $0.

A total of 9 firms have reported on Sandvine Corporation. zero equity analysts rating the company a strong buy, 0 brokerages rating the stock a buy, zero analysts rating the company a hold, 0 brokers rating the stock a underperform, and finally zero equity analysts rating the stock a sell with a consensus target price of $2.72.

About Sandvine Corporation (TSE:SVC)

Sandvine Corporation develops and markets Network Policy Control solutions for communications service providers. 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 (video streams, such as Netflix, Voice over Internet Protocol traffic, such as Skype, or online gaming), report on and take action on the data traversing their networks. Its hardware platform, Policy Traffic Switch (PTS) product line includes over three hardware models, the PTS 22000, PTS 24000 and PTS 32000. It also offers the PTS Virtual Series, which is a software-only version of the PTS functionality suitable for networks architected for Network Functions Virtualization (NFV) and Software Defined Networking (SDN). The Company has operations, including direct sales channels throughout the world. The Company also has research and development operations in Bangalore, India.

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