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Sandvine Corporation (TSE:SVC) target price raised to $4.25, issued a report today by TD Securities

Just yesterday Sandvine Corporation (TSE:SVC) traded 1.03% higher at $2.91. Sandvine Corporation’s 50-day moving average is $3.30 and its 200-day moving average is $2.96. The last closing price is down -0.93% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 369,543 shares of SVC traded hands, down from an average trading volume of 725,532

Sandvine Corporation (TSE:SVC) had its target price raised to $4.25 by TD Securities in a report released 9/30/2016. The updated stock price target implies a possible upside of 0.46% based on the company's previous closing price.

Previously on 9/13/2016, Canaccord Genuity reported on Sandvine Corporation (TSE:SVC) reduced the target price from $4.25 to $3.75. At the time, this indicated a possible upside of 0.30%.

Recent Performance Chart

Sandvine Corporation (TSE:SVC)

Sandvine Corporation has 52 week low of $2.27 and a 52 week high of $3.73 with a PE ratio of 11.49 and has a market cap of $0.

In addition to TD Securities reporting its target price, a total of 8 firms have reported on the stock. The consensus target price is $2.74 with 2 firms rating the stock a strong buy, 4 firms rating the stock a buy, 3 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

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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