RE: Well, that was interestingThe volume is as expected on a day when Sandvine releases its standard news release. Todd Coupland from CIBC stated his sense was these weren't large Tier 1 customers nor were the deals significant. Revenues will help but nothing substantial. Moreover, Sandvine was once again silent on the details - no info on the customers, # of subscribers nor $ amount of the deals. Sandvine said they would recognize some revenue from the deals this quarter.
So, the trend is positive for this company but it's possible as some has suggested the stock will languish and perform below their expectations.
On the other hand, it's possible the stock will break out, but I think it would take 1 and/or 2 things to move this stock - first, a profitable quarter and profitable year overall and second, huge customer win(s).
What's interesting is none of the DPI players are breaking out either so perhaps the industry is still at the early stages of its growth phase.
All in all, the trend is very positive and customer wins are much better than no customer wins. As longhaul said, the foundation seems to be strong and growing stronger as each quarter passes by. For those short term traders looking to double their money right away, this stock probably isn't for them.