Scotia target $5.00 .....49% Return from here :)Lots happening right now at Sandvine!!
Should translate into great Q2 in few weeks :)
As Per Scotia:
Guiding to normal seasonality for the remainder of the year. Q1 bucked the trend
of a sequentially down quarter, but Q2 is expected to return to normal
seasonality with sequentially lower sales, and gross margins are expected to
come back to the normal mid-70% range. The company continues to expect 2H to do
better than 1H. If normal seasonality persists this year, Sandvine is set up for
a strong year given the Q1 results. . Maintain Sector Outperform. Sandvine continues to be our top small cap pick due
to strong customer traction, improving operating leverage, leading positions in
growth markets, such as LatAm, and low relative valuation. We have increased our
price target to $5.00.