EXFO (EXFO) Posts Quarterly Results
EXFO (NASDAQ:EXFO) released its earnings data on Wednesday. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by $0.04, American Banking & Market News reports. The company had revenue of $56.00 million for the quarter, compared to the consensus estimate of $60.71 million.
Shares of EXFO (NASDAQ:EXFO) traded down 0.41% during mid-day trading on Wednesday, hitting $4.80. The stock had a trading volume of 30,142 shares. EXFO has a 52-week low of $3.87 and a 52-week high of $6.14. The stock’s 50-day moving average is $4.97 and its 200-day moving average is $5.00. The company has a market cap of $289.8 million and a P/E ratio of 241.00.
EXFO has been the subject of a number of recent research reports. Analysts at RBC Capital reiterated a “sector perform” rating on shares of EXFO in a research note to investors on Tuesday. On a related note, analysts at Zacks downgraded shares of EXFO from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 10th. They now have a $6.20 price target on the stock. Finally, analysts at TheStreet upgraded shares of EXFO from a “sell” rating to a “hold” rating in a research note to investors on Tuesday, October 29th. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $5.53.
EXFO Inc (NASDAQ:EXFO) is a provider of next-generation test and service assurance solutions for wireless and wireline network operators and equipment manufacturers.
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