Exfo Inc (NASDAQ:EXFO) (TSE:EXF) was the target of a significant decrease in short interest during the month of January. As of January 12th, there was short interest totalling 2,841 shares, a decrease of 99.7% from the December 29th total of 904,971 shares. Based on an average daily volume of 75,857 shares, the days-to-cover ratio is currently 0.0 days.
A number of equities research analysts recently commented on the company. Royal Bank of Canada reiterated a “hold” rating and issued a $5.25 price objective on shares of Exfo in a report on Monday, October 16th. Canaccord Genuity reiterated a “hold” rating and issued a $4.75 price objective on shares of Exfo in a report on Sunday, October 15th. Zacks Investment Research downgraded Exfo from a “hold” rating to a “sell” rating in a report on Thursday, January 11th. BMO Capital Markets set a $6.00 price objective on Exfo and gave the company a “hold” rating in a report on Friday, October 13th. Finally, Northland Securities set a $6.00 price objective on Exfo and gave the company a “buy” rating in a report on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $5.35.
An institutional investor recently raised its position in Exfo stock. JPMorgan Chase & Co. grew its holdings in Exfo Inc (NASDAQ:EXFO) (TSE:EXF) by 107.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,553 shares of the communications equipment provider’s stock after acquiring an additional 14,803 shares during the quarter. JPMorgan Chase & Co. owned 0.05% of Exfo worth $107,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 16.10% of the company’s stock.
Exfo (NASDAQ:EXFO) (TSE:EXF) last announced its quarterly earnings results on Tuesday, January 9th. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.01. Exfo had a return on equity of 5.22% and a net margin of 0.09%. The company had revenue of $63.39 million during the quarter, compared to the consensus estimate of $62.80 million. sell-side analysts predict that Exfo will post 0.24 EPS for the current fiscal year.
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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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