Sandvine Corp (TSX: T.SVC, Stock Forum) shares slumped 11% to $1.21 on Thursday.
An upcoming appearance by president and CEO Dave Caputo on BNN Thursday was billed as the next Research in Motion (TSX: T.RIM, Stock Forum). In reaction to the details of the release, yvrean complained: “Still a loss anyway you look at it. So I wonder, just how is this the next RIM?????????????”
The company, which provides intelligent broadband network solutions, reported third quarter financial results after the close of trading on Wednesday. It said that its quarterly loss narrowed compared to a year ago. It lost $4.4 million or 3.2 cents per share. Revenue climbed to $16 million from $13.1 million.
Bgdick noted: “Improvement overall from last quarter- company is still very much in a growth mode given the current recession.
“How is this the next RIM? It isn't and never will be. But it will be a world power house in traffic policy control and could be the next Cisco”
But longhaul7 wrote: “I am indifferent to today's results. That being said I am rather positive then negative on today's results. I am focused on what kind of market potential is their for the future. Does anyone know how many of SVC's customers are top 100 for size in the wireless, cable, and DSL space? How big is this potential market? How about geographic markets where are there opportunity where there is virtually no competition or current use of this product. Given the potential to ramp up revenue in a large way since the base has been laid could reap very well for the future. Also with 87.5 mil in cash the company can easily afford to stay in business for 10+ years at this revenue level. I am really looking forward to FCC and CRTC clarifying the rules on traffic management to fully clarify what is legal and what is not legal. Until then SVC hold your lead.”
