Exfo (NASDAQ:EXFO) Updates Q4 2019 Earnings Guidance

Exfo (NASDAQ:EXFO) (TSE:EXF) updated its fourth quarter 2019 earnings guidance on Wednesday. The company provided earnings per share guidance of $-0.02-0.02 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.07. The company issued revenue guidance of $66-71 million, compared to the consensus revenue estimate of $74.36 million.

Several equities analysts have recently commented on the company. Zacks Investment Research upgraded POLYMETAL INTL/S from a hold rating to a strong-buy rating and set a $14.00 price objective on the stock in a research report on Wednesday. ValuEngine downgraded WideOpenWest from a hold rating to a sell rating in a research report on Friday, June 28th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Exfo currently has an average rating of Hold and a consensus target price of $4.38.

Shares of NASDAQ:EXFO traded down $0.04 during mid-day trading on Wednesday, reaching $3.90. The stock had a trading volume of 27,757 shares, compared to its average volume of 31,270. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.97 and a current ratio of 1.42. The firm has a market cap of $221.01 million, a P/E ratio of 43.33 and a beta of 1.08. Exfo has a 1 year low of $2.66 and a 1 year high of $4.97. The business has a 50 day moving average of $3.95.

Exfo Company Profile

EXFO Inc develops, manufactures, and markets smarter network test, monitoring, and analytics solutions for communications service providers, network equipment manufacturers, and Web-scale operators. It offers field network testing products, such as copper/DSL testing, dispersion analysis, fiber inspection, live fiber detection, network protocol testing, optical power and loss testing, ORL tester, optical time domain reflectometry and iOLM, spectral testing, test function virtualization, and test reporting and automation products, as well as modular test platforms.

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