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Sandvine Corporation (TSE:SVC) target price raised to $3.50, issued a research note today by Scotia Capital

In a report released on 10/07/2016 Scotia Capital increased the stock price target of Sandvine Corporation (TSE:SVC) to $3.50 indicating a possible upside of 0.11%.

Previously on 9/30/2016, TD Securities reported on Sandvine Corporation (TSE:SVC) increased the target price from $0.00 to $4.25. At the time, this indicated a possible upside of 0.46%.

Yesterday Sandvine Corporation (TSE:SVC) traded 0.64% higher at $3.14. The company’s 50-day moving average is $3.21 and its 200-day moving average is $2.96. The last closing price is up 5.81% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 735,755 shares of the stock traded hands, up from an average trading volume of 731,455

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Sandvine Corporation (TSE:SVC)

Sandvine Corporation has a 52 week low of $2.27 and a 52 week high of $3.73 with a P/E ratio of 12.27 The company’s market cap is currently $0.

Also covering Sandvine Corporation's target, a total of 9 equity analysts have released a ratings update on SVC. The one year target is $2.72 with zero equity analysts 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 lastly zero analysts rating the company a sell.

More 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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