Exfo (EXFO) Posts Quarterly Earnings, Misses Estimates By $0.01 EPS
Exfo (NASDAQ:EXFO) posted its quarterly earnings results on Wednesday. The company reported $0.03 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.04 by $0.01, Analyst Ratings Network.com reports.
Shares of Exfo (NASDAQ:EXFO) traded up 4.57% during mid-day trading on Wednesday, hitting $4.58. The stock had a trading volume of 29,867 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 $4.39 and its 200-day moving average is $4.60. The company has a market cap of $276.3 million and a P/E ratio of 312.86.
On a related note, analysts at TheStreet downgraded shares of Exfo from a “hold” rating to a “sell” rating in a research note on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. Exfo has a consensus rating of “Hold” and an average target price of $5.14.
EXFO Inc (NASDAQ:EXFO) is a provider of test and service assurance solutions for network operators and equipment manufacturers in the global telecommunications industry.
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