Exfo Inc. (EXFO) Posts Earnings Results, Misses Estimates By $0.01 EPS
Exfo Inc. (NASDAQ:EXFO) released its quarterly earnings data on Wednesday. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by $0.01. The firm had revenue of $62.90 million for the quarter, compared to analyst estimates of $59.52 million. Exfo had a net margin of 3.96% and a return on equity of 6.50%.
Shares of Exfo (NASDAQ:EXFO) opened at 3.90 on Thursday. The firm has a market cap of $210.19 million, a PE ratio of 24.22 and a beta of 0.72. The firm has a 50 day moving average price of $3.58 and a 200-day moving average price of $3.70. Exfo has a 12 month low of $2.35 and a 12 month high of $4.36.
A number of analysts recently issued reports on the company. Zacks Investment Research cut Exfo from a “hold” rating to a “sell” rating in a research report on Wednesday, July 27th. Canaccord Genuity reissued a “hold” rating on shares of Exfo in a research report on Thursday, June 30th. RBC Capital Markets reissued a “sector perform” rating and set a $4.25 price objective on shares of Exfo in a research report on Wednesday. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $5.50 price objective on shares of Exfo in a research report on Thursday, June 30th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Exfo has a consensus rating of “Hold” and an average target price of $4.00.
A number of large investors have recently modified their holdings of the company. White Pine Capital LLC increased its stake in shares of Exfo by 65.2% in the second quarter. White Pine Capital LLC now owns 38,000 shares of the company’s stock valued at $131,000 after buying an additional 15,000 shares during the period. Summit Partners Public Asset Management LLC bought a new stake in shares of Exfo during the first quarter valued at about $255,000. Finally, Hillsdale Investment Management Inc. increased its stake in shares of Exfo by 22.9% in the second quarter. Hillsdale Investment Management Inc. now owns 286,600 shares of the company’s stock valued at $991,000 after buying an additional 53,400 shares during the period. Hedge funds and other institutional investors own 15.07% of the company’s stock.
Exfo Company Profile
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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