Exfo Inc. (EXFO) Trading Down 3.5%
Shares of Exfo Inc. (NASDAQ:EXFO) were down 3.5% during mid-day trading on Thursday . The company traded as low as $3.28 and last traded at $3.30, with a volume of 51,165 shares traded. The stock had previously closed at $3.42.
A number of analysts have recently issued reports on EXFO shares. Royal Bank Of Canada reissued a “sector perform” rating and issued a $5.50 price target on shares of Exfo in a research report on Thursday, June 30th. Canaccord Genuity reissued a “hold” rating on shares of Exfo in a research report on Thursday, June 30th. Finally, Zacks Investment Research lowered shares of Exfo from a “hold” rating to a “sell” rating in a research report on Friday, July 1st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $3.84.
The firm’s 50-day moving average is $3.38 and its 200 day moving average is $3.56. The firm has a market cap of $170.31 million and a PE ratio of 19.63.
Exfo (NASDAQ:EXFO) last posted its earnings results on Wednesday, June 29th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by $0.04. The firm earned $60.90 million during the quarter, compared to the consensus estimate of $60.87 million. On average, equities research analysts expect that Exfo Inc. will post $0.19 EPS for the current 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.