Recent update from Scotia on SandvineTarget is $4.80....saying Q4 should be record quarter for them!!!
.Recent Update Text as of 3OCT14 Sandvine is scheduled to release Q3 earnings before markets open on Thursday,
. October 9th. A call is scheduled for 8:30 a.m. at (866) 215-5508, Code: 38176827 Expect revenue of $27.8M; EPS $0.02. After a strong 1H/F14, the company guided
its revenue expectations for the quarter to $27.8M, a decline of 6.5% QOQ. Deals
taking longer than expected to close caused the shortfall. We continue to see
this as a one-off event. . Most of the delayed deals have closed and Sandvine is winning customers from
competitors. The company received $7M in orders from two tier-1 cable operators
in North America. One customer accounted for the majority of the aforementioned
delayed orders. The other customer was won from a competitor. Displacing an
existing installation is very challenging and shows Sandvine's competitiveness. . Seasonal strength and large orders anticipated to lift Q4 with revenue of $37M
and EPS of $0.06. Sandvine is expected to recover from the Q3 blip and recognise
the CALA and N.A. orders previously announced to lift revenue to a new quarterly
and annual record. . Maintain Sector Outperform. Despite the hiccup this quarter, we believe Sandvine
will continue to display strong customer traction and improving operating
leverage. We believe the recent pullback presents a good buying opportunity.