Exfo (NASDAQ:EXFO) Releases Q4 2019 Earnings Guidance

Exfo (NASDAQ:EXFO) (TSE:EXF) updated its fourth quarter 2019 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $-0.02-0.02 for the period, compared to the Thomson Reuters consensus 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 weighed in on the stock. Zacks Investment Research raised shares of General Moly from a sell rating to a hold rating in a research note on Thursday. ValuEngine cut shares of WideOpenWest from a hold rating to a sell rating in a research note on Friday, June 28th. Finally, Northland Securities raised their price target on shares of Coupa Software from $85.00 to $150.00 and gave the stock an average rating in a research note on Thursday. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Exfo currently has a consensus rating of Hold and an average price target of $4.38.

NASDAQ:EXFO opened at $3.55 on Friday. Exfo has a 1-year low of $2.66 and a 1-year high of $4.97. The company has a quick ratio of 0.97, a current ratio of 1.42 and a debt-to-equity ratio of 0.03. The firm has a fifty day moving average price of $3.92. The company has a market capitalization of $216.03 million, a PE ratio of 39.44 and a beta of 1.08.

Exfo (NASDAQ:EXFO) (TSE:EXF) last released its earnings results on Wednesday, July 10th. The communications equipment provider reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). Exfo had a negative net margin of 2.17% and a positive return on equity of 3.63%. The firm had revenue of $73.59 million during the quarter, compared to the consensus estimate of $74.40 million. Research analysts predict that Exfo will post 0.2 EPS for the current year.

About Exfo

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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