EXFO Inc (EXFO) Downgraded by TheStreet
EXFO Inc (NASDAQ:EXFO) (TSE:EXF) was downgraded by investment analysts at TheStreet from a “b” rating to a “c+” rating in a research report issued on Friday.
Several other analysts also recently issued reports on EXFO. Zacks Investment Research downgraded shares of EXFO from a “buy” rating to a “hold” rating in a research report on Tuesday, March 14th. National Bank Financial initiated coverage on shares of EXFO in a research report on Thursday, April 20th. They issued a “sector perform” rating and a $5.50 price objective for the company. Canaccord Genuity reaffirmed a “hold” rating and issued a $5.75 price objective on shares of EXFO in a research report on Tuesday, May 2nd. Royal Bank Of Canada lowered their price objective on shares of EXFO from $5.50 to $5.25 and set a “sector perform” rating for the company in a research report on Friday, June 30th. Finally, Northland Securities set a $6.00 price objective on shares of EXFO and gave the company a “buy” rating in a research report on Saturday, July 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. EXFO presently has an average rating of “Hold” and a consensus target price of $5.63.
Shares of EXFO (NASDAQ:EXFO) remained flat at $4.45 on Friday. 8,024 shares of the company traded hands. The stock has a market cap of $243.43 million, a price-to-earnings ratio of 111.25 and a beta of 0.57. The stock has a 50-day moving average of $5.02 and a 200-day moving average of $5.04. EXFO has a one year low of $3.14 and a one year high of $6.15.
EXFO (NASDAQ:EXFO) (TSE:EXF) last posted its earnings results on Thursday, June 29th. The communications equipment provider reported ($0.03) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.06. The business had revenue of $58.50 million for the quarter, compared to analyst estimates of $61.61 million. EXFO had a return on equity of 2.76% and a net margin of 0.93%. EXFO’s revenue was down 3.8% on a year-over-year basis.
Hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC increased its stake in shares of EXFO by 4.4% in the fourth quarter. Renaissance Technologies LLC now owns 1,375,380 shares of the communications equipment provider’s stock valued at $6,052,000 after buying an additional 58,468 shares during the period. Acadian Asset Management LLC increased its stake in shares of EXFO by 1,114.1% in the first quarter. Acadian Asset Management LLC now owns 86,200 shares of the communications equipment provider’s stock valued at $451,000 after buying an additional 79,100 shares during the period. TD Asset Management Inc. purchased a new stake in shares of EXFO during the first quarter valued at about $1,105,000. Finally, Hillsdale Investment Management Inc. increased its stake in shares of EXFO by 20.7% in the first quarter. Hillsdale Investment Management Inc. now owns 187,000 shares of the communications equipment provider’s stock valued at $980,000 after buying an additional 32,100 shares during the period. 16.79% of the stock is owned by institutional investors.
EXFO Inc is a Canada-based company, which provides communications service providers (CSPs) and data center, cloud and Web-scale operators with field test, service assurance and analytics solutions to ensure the deployment, maintenance and management of physical, virtual, fixed and mobile networks. It focuses on network infrastructures: fourth generation (4G)/long-term evolution (LTE), wireless backhaul, small cells and distributed antenna systems (DAS), 100G network upgrades and fiber-to-the-home (FTTH)/fiber-to-the-curb (FTTC)/fiber-to-the-node (FTTN) deployments.
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