RBC Capital Markets disclosed Sandvine Corporation (TSE:SVC), bumping down its price target to $4.15 earlier today

Reporting a possible downside of -0.02%, RBC Capital Markets lowered the target price of Sandvine Corporation (TSE:SVC) to $4.15

Previously on Wednesday June 28, 2017, Desjardins Securities reported about Sandvine Corporation (TSE:SVC) raised the target price from $3.80 to $4.25. At the time, this indicated a possible downside of -0.01%.

Yesterday Sandvine Corporation (TSE:SVC) traded 0.23% higher at $4.24. The company’s 50-day moving average is $4.38 and its 200-day moving average is $3.56. The last stock close price is up 22.95% from the 200-day moving average, compared to the S&P 500 which has increased 0.05% over the same time. 199,710 shares of the stock were exchanged, down from an average trading volume of 1,110,450

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Sandvine Corporation has a 52 week low of $2.45 and a 52 week high of $4.53 with a P/E ratio of 69.52 The company’s market cap is currently $0.

In addition to RBC Capital Markets reporting its target price, a total of 9 firms have reported on the stock. The consensus target price is $2.41 with 2 firms rating the stock a strong buy, 3 firms rating the stock a buy, 5 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 is engaged in research, design, manufacturing and sale of network policy control solutions for communications service providers. The Company offers various solutions, including business intelligence, traffic optimization, cyber security, subscriber engagement, subscriber services and business services. Its products include Network Analytics, Network Demographics, Traffic Management, Transmission Control Protocol (TCP) Accelerator, Network Security, OutReach, Usage Management, Cloud Services Policy Controller and Traffic Steering Engine. Its Network Security product delivers carrier-grade protection of subscribers and network resources. Its OutReach provides fixed, mobile and converged access communications service providers (CSPs) with a product to build, execute and manage multi-channel subscriber engagement initiatives. The Company operates in Canada; the United States; Caribbean and Latin America; Europe, the Middle East and Africa, and Asia Pacific.

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