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Exfo (NASDAQ:EXFO) was upgraded by equities research analysts at CIBC from an “underperform” rating to a “sector perform” rating in a research note issued to investors on Thursday, TheFlyOnTheWall.com reports.

Shares of Exfo (NASDAQ:EXFO) opened at 4.80 on Thursday. Exfo has a 52 week low of $3.96 and a 52 week 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 $289.6 million and a price-to-earnings ratio of 327.14.

Exfo (NASDAQ:EXFO) last announced its earnings results on Wednesday, June 25th. The company reported $0.03 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.04 by $0.01. The company had revenue of $63.88 million for the quarter, compared to the consensus estimate of $61.25 million. During the same quarter in the prior year, the company posted $0.02 earnings per share. Analysts expect that Exfo will post $0.15 EPS for the current fiscal year.

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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