Exfo Inc. (EXFO) Shares Down 3.5%
Exfo Inc. (NASDAQ:EXFO) fell 3.5% on Thursday . The stock traded as low as $3.28 and last traded at $3.30, with a volume of 51,165 shares trading hands. The stock had previously closed at $3.42.
Several brokerages have recently weighed in on EXFO. Zacks Investment Research cut Exfo from a “hold” rating to a “sell” rating in a research note on Wednesday, July 27th. Canaccord Genuity reissued a “hold” rating on shares of Exfo in a research note on Thursday, June 30th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $5.50 price target on shares of Exfo in a research note on Thursday, June 30th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $3.84.
The company has a 50 day moving average of $3.39 and a 200-day moving average of $3.56. The firm has a market capitalization of $177.86 million and a price-to-earnings ratio of 20.50.
Exfo (NASDAQ:EXFO) last posted its earnings results on Wednesday, June 29th. The company reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by $0.04. The company earned $60.90 million during the quarter, compared to analyst estimates of $60.87 million. Equities analysts forecast that Exfo Inc. will post $0.19 EPS for the current fiscal year.
EXFO Inc, formerly EXFO Electro-Optical Engineering Inc, designs, manufactures and markets test, service assurance and network visibility solutions for fixed and mobile network operators, Web-scale service providers, as well as equipment manufacturers in the global telecommunications industry. The Company focuses on network infrastructures, including 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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