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RBC Capital Markets announced Sandvine Corporation (TSE:SVC), bumping up its stock price target to $4.20 today

In a report issued 10/07/2016 RBC Capital Markets raised the target price of Sandvine Corporation (TSE:SVC) from $4.00 to $4.20 stating a potential upside of 0.34%.

On 9/30/2016, TD Securities released a statement on Sandvine Corporation (TSE:SVC) upped the target price from $0.00 to $4.25 that suggested an upside of 0.46%.

Displaying a price of $3.14, Sandvine Corporation (TSE:SVC) traded 0.64% higher on the day. With the last close up 5.81% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Sandvine Corporation has recorded a 50-day average of $3.21 and a two hundred day average of $2.96. 735,755 shares of Sandvine Corporation exchanged hands, up from an average trading volume of 731,455

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Sandvine Corporation (TSE:SVC)

Sandvine Corporation has a one year low of $2.27 and a 52 week high of $3.73 with a PE ratio of 12.27 Sandvine Corporation’s market capitalization is presently $0.

A total of 9 brokerages have issued a ratings update on Sandvine Corporation. zero brokerages rating the company a strong buy, zero brokerages rating the company a buy, zero brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $2.72.

General Company Details For 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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