Exfo Inc. (EXFO) Trading 3.8% Higher
Exfo Inc. (NASDAQ:EXFO) shares traded up 3.8% during trading on Wednesday . The company traded as high as $3.30 and last traded at $3.30, with a volume of 100,825 shares trading hands. The stock had previously closed at $3.18.
A number of research analysts have recently commented on the stock. Zacks Investment Research lowered shares of Exfo from a “hold” rating to a “sell” rating in a research report on Friday, July 1st. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $5.50 price objective on shares of Exfo in a research report on Thursday, June 30th. Finally, Canaccord Genuity reaffirmed a “hold” rating on shares of Exfo in a research report on Thursday, June 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $3.84.
The firm has a 50 day moving average of $3.35 and a 200 day moving average of $3.58. The stock has a market cap of $177.86 million and a PE ratio of 20.50.
Exfo (NASDAQ:EXFO) last announced its quarterly earnings data on Wednesday, June 29th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by $0.04. The firm had revenue of $60.90 million for the quarter, compared to the consensus estimate of $60.87 million. Equities analysts predict 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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