RE:RE:RE:Updated Scotia target $4.50CIBC Target
Our PT is raised to $4.50 from $3.00. The PT is based on 20x our F2015 EPS estimate of $0.20 plus net cash per share of $0.64. We believe shares will move higher as the valuation discount to Allot and Procera narrows (30x+) and SVC continues to put inconsistent results behind it.