Company is looking for a tuck in aquistion :)This would be great news for Sandvine to grow!!! Scotia still maintains a $4.80 Target.
.Recent Update Text as of 4NOV14 We hosted meetings between investors and Mr. Dave Caputo (Co-Founder & CEO) and
. Mr. Rick Wadsworth (Director, Corporate Communications) yesterday. Technology transition provides opportunity. Service providers are starting to
adopt faster products, which provide Sandvine an opportunity to sell its new
product. Sandvine's solution is more compact than the competition's and is
shipping in production volumes. The transition may, however, delay revenue
recognition as carriers require more time to do acceptance testing. . Cash will be used for M&A and share repurchases. The company is being very
prudent in its search for a tuck-in acquisition that aligns with its customers,
technologies, and people. Meanwhile, the company seems to have been buying back
shares. . Net neutrality resolution would be positive. While the net neutrality debate
seems to have had little impact on Sandvine's growth, it would be positive to
have a decision made and the uncertainty removed; however, this may take more
time to resolve. . Maintain Sector Outperform. The market continues to penalise SVC for the revenue
miss last quarter, although those issues seem to be largely behind it. We
believe the risk/reward proposition is quite favourable with the company's low
valuation and high cash balance