EXFO Inc (EXFO) Given Average Rating of “Hold” by Analysts
Shares of EXFO Inc (NASDAQ:EXFO) (TSE:EXF) have received an average rating of “Hold” from the seven research firms that are covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $5.70.
Several equities analysts have commented on the company. Northland Securities set a $6.00 price objective on EXFO and gave the company a “buy” rating in a research report on Saturday, July 1st. BMO Capital Markets set a $6.00 price objective on EXFO and gave the company a “hold” rating in a research report on Saturday, July 1st. TheStreet lowered EXFO from a “b” rating to a “c+” rating in a research report on Friday, July 7th. Zacks Investment Research lowered EXFO from a “hold” rating to a “strong sell” rating in a research report on Monday, July 3rd. Finally, Royal Bank Of Canada lowered their price objective on EXFO from $5.50 to $5.25 and set a “sector perform” rating for the company in a research report on Friday, June 30th.
Shares of EXFO (EXFO) opened at 4.15 on Friday. The firm’s 50-day moving average is $4.09 and its 200-day moving average is $4.73. EXFO has a 52 week low of $3.46 and a 52 week high of $6.15. The company has a market cap of $227.02 million, a price-to-earnings ratio of 103.75 and a beta of 0.52.
EXFO (NASDAQ:EXFO) (TSE:EXF) last announced its quarterly earnings results on Thursday, June 29th. The communications equipment provider reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.06). The business had revenue of $58.50 million during the quarter, compared to analysts’ expectations of $61.61 million. EXFO had a return on equity of 3.25% and a net margin of 0.93%. The firm’s revenue for the quarter was down 3.8% compared to the same quarter last year.
Large investors have recently modified their holdings of the company. Acadian Asset Management LLC increased its holdings in shares of EXFO by 1,114.1% during the first quarter. Acadian Asset Management LLC now owns 86,200 shares of the communications equipment provider’s stock valued at $451,000 after acquiring an additional 79,100 shares in the last quarter. White Pine Capital LLC increased its holdings in shares of EXFO by 28.4% during the second quarter. White Pine Capital LLC now owns 177,125 shares of the communications equipment provider’s stock valued at $832,000 after acquiring an additional 39,175 shares in the last quarter. TD Asset Management Inc. bought a new position in shares of EXFO during the first quarter valued at $1,105,000. Finally, Renaissance Technologies LLC increased its holdings in shares of EXFO by 11.8% during the first quarter. Renaissance Technologies LLC now owns 1,537,890 shares of the communications equipment provider’s stock valued at $7,997,000 after acquiring an additional 162,510 shares in the last quarter. Hedge funds and other institutional investors own 16.99% of the company’s stock.
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EXFO Company Profile
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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