Exfo (NASDAQ:EXFO) Upgraded at ValuEngine

ValuEngine upgraded shares of Exfo (NASDAQ:EXFO) (TSE:EXF) from a hold rating to a buy rating in a research report released on Tuesday, October 2nd.

Several other research analysts have also issued reports on EXFO. Zacks Investment Research raised shares of Exfo from a sell rating to a hold rating in a research report on Tuesday, June 12th. TheStreet lowered shares of Exfo from a b- rating to a c+ rating in a research report on Tuesday, June 19th. Finally, BMO Capital Markets reissued a hold rating and issued a $4.25 price target on shares of Exfo in a research report on Thursday, July 12th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Exfo has an average rating of Hold and an average target price of $4.79.

Shares of EXFO opened at $3.77 on Tuesday. The stock has a market cap of $209.44 million, a PE ratio of 17.95 and a beta of 0.54. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.42 and a quick ratio of 0.99. Exfo has a 52 week low of $3.16 and a 52 week high of $4.70.

Exfo (NASDAQ:EXFO) (TSE:EXF) last announced its quarterly earnings data on Tuesday, July 10th. The communications equipment provider reported ($0.02) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.05. The business had revenue of $72.22 million during the quarter, compared to analyst estimates of $70.38 million. Exfo had a negative net margin of 2.70% and a positive return on equity of 4.65%. Equities analysts predict that Exfo will post 0.17 EPS for the current year.

A hedge fund recently raised its stake in Exfo stock. Fiera Capital Corp raised its position in shares of Exfo Inc (NASDAQ:EXFO) (TSE:EXF) by 3.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 541,800 shares of the communications equipment provider’s stock after buying an additional 16,800 shares during the period. Fiera Capital Corp owned about 0.98% of Exfo worth $1,863,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 11.21% of the company’s stock.

Exfo Company Profile

EXFO Inc develops, manufactures, and markets smarter network test, monitoring, and analytics solutions for communications service providers, network equipment manufacturers, and Webscale companies. It offers lab and manufacturing testing systems, including lab platforms; network simulation and load testing tools to meet the mobile telecom and VOIP/IMS network test challenges; transport and datacom solutions, such as Ethernet testing, fiber channel testing, DSn/PDH and SONET/SDH testing, synchronization testing, and SONET/SDH, OTN, and multiservice testing solutions; and optical products comprising power meters, light sources and amplifiers, variable attenuators, switch and utility modules, polarization analysis, optical communication analyzers, spectral testing products, bit-error-rate testing products, optical benchtop kits, osics multifunction platform, optical component testers, and tunable filters.

Featured Article: How to Invest in the Dividend Aristocrat Index

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Exfo (NASDAQ:EXFO)

Receive News & Ratings for Exfo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exfo and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply