Waterloo-based Sandvine issues a warning to investors
Posted Jun 7, 2012 09:51:22 AM.
This article is more than 5 years old.
A delay in negotiating a contract with a major customer based in Spain has prompted Sandvine Corp. (TSX:SVC) to issue a warning to investors.
The Waterloo, Ont-based technology company announced before markets opened that it now expects between $18 million and $18.5 million of revenue in its second quarter, which just ended last week.
That’s about $4 million below a consensus estimate compiled by Thomson Reuters before the announcement.
Sandvine supplies telecom companies with technology to manage their high-speed or broadband Internet services.
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