Scotia Target $4.80 :) BUY BUY BUY :) .Recent Update Text as of 9SEP14 . Sandvine provided an update to Q3 guidance today. Revenue is expected to come in 14% below expectations due to the timing of
orders. Likely to be a one-off event. Revenue for Q3 is expected to be in the
$27.5M-$28.0M range, whereas the Street was expecting revenue of $32.3M. The
revenue miss is due to the timing of orders being pushed out to Q4. Sandvine is
confident those orders will materialise in Q4. It seems like the company is
pretty far along in the bidding process and has likely already been chosen as
the vendor. . No change to the Sandvine story. Although Sandvine's larger customer base was
able to smooth out some of the quarterly revenue lumpiness in Q2, quarterly
lumpiness is largely an expected risk in small cap names. We do not believe
there is anything fundamentally different with the Sandvine story as a result of
this announcement and believe the company is still well-positioned for growth. . 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 pullback from this news represents a good buying
opportunity.