EXFO Rating Lowered to Underperform at CIBC (EXFO)
EXFO (NASDAQ:EXFO) was downgraded by analysts at CIBC from a “sector perform” rating to an “underperform” rating in a research report issued to clients and investors on Thursday, TheFlyOnTheWall.com reports.
Shares of EXFO (NASDAQ:EXFO) traded down 11.25% on Thursday, hitting $4.26. The stock had a trading volume of 234,243 shares. EXFO has a one year low of $3.87 and a one year high of $6.14. The stock’s 50-day moving average is $4. and its 200-day moving average is $5.00. The company has a market cap of $257.2 million and a P/E ratio of 240.00.
EXFO (NASDAQ:EXFO) last posted its quarterly earnings results on Wednesday, January 8th. The company reported ($0.01) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.03 by $0.04. The company had revenue of $56.00 million for the quarter, compared to the consensus estimate of $60.71 million. During the same quarter in the previous year, the company posted $0.01 earnings per share. Analysts expect that EXFO will post $0.23 EPS for the current fiscal year.
EXFO has been the subject of a number of other recent research reports. Analysts at TD Securities downgraded shares of EXFO from a “buy” rating to a “hold” rating in a research note to investors on Thursday. They now have a $5.00 price target on the stock, down previously from $7.00. Separately, analysts at Canaccord Genuity cut their price target on shares of EXFO from $5.00 to $4.50 in a research note to investors on Thursday. Finally, analysts at RBC Capital reiterated a “sector perform” rating on shares of EXFO in a research note to investors on Tuesday. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $5.28.
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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