Scotia says Accumulate at this level ! $5.00 Target :)Like I said yesterday grab all you can at $3.36...she wont be here long :)
Recent Update Text as of 10JUL14 . Sandvine reported Q2 results yesterday. Quarter comes in line due to customer diversification. Revenue of $29.7M and EPS
$0.03 is in line with expectations. Despite not having any major orders in the
quarter, the company was still able to generate 26% YOY growth from its existing
customer base. The company continues to be able to maintain its current opex
levels, despite the much higher revenue, driving profitability higher. . Growth trajectory should continue in 2H. While the company does not provide
guidance, we believe it will be able to continue its growth trajectory. With the
company able to drive the majority of its growth from the existing customer
base, we believe the company is set up for a strong 2H as it continues to
attract new customers. . Maintain Sector Outperform. Sandvine continues to be our top small cap pick due
to strong customer traction, improving operating leverage, and low relative
valuation. We recommend that investors accumulate a position at these levels.
Happy Trading Boyzzzz :)