EXFO (EXFO) Releases Quarterly Earnings Results
EXFO (NASDAQ:EXFO) issued its quarterly earnings data on Tuesday. The company reported $0.06 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.05 by $0.01, ARN reports. The company had revenue of $60.90 million for the quarter, compared to the consensus estimate of $60.94 million.
Shares of EXFO (NASDAQ:EXFO) traded down 0.36% on Tuesday, hitting $5.48. 3,700 shares of the company’s stock traded hands. EXFO has a one year low of $3.87 and a one year high of $5.93. The stock’s 50-day moving average is $5.03 and its 200-day moving average is $4.71. The company’s market cap is $330.0 million.
A number of research firms have recently commented on EXFO. Analysts at BMO Capital Markets raised their price target on shares of EXFO from C$4.50 to C$6.00 in a research note to investors on Monday. They now have a “market perform” rating on the stock. On the ratings front, analysts at RBC Capital raised their price target on shares of EXFO from $5.25 to $6.00 in a research note to investors on Friday. They now have a “sector perform” rating on the stock. Finally, analysts at Zacks upgraded shares of EXFO from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday, July 25th. They now have a $5.00 price target on the stock. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. EXFO has a consensus rating of “Hold” and an average price target of $5.13.
EXFO Inc (NASDAQ:EXFO) is a provider of next-generation test and service assurance solutions for wireless and wireline network operators and equipment manufacturers.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.