Several other equities analysts have also recently issued reports on the company. Zacks Investment Research upgraded Exfo from a sell rating to a hold rating in a research note on Tuesday, August 30th. Canaccord Genuity reiterated a hold rating and issued a $4.00 price objective on shares of Exfo in a research note on Thursday, August 11th. Finally, Royal Bank Of Canada reiterated a sector perform rating and issued a $5.50 price objective on shares of Exfo in a research note on Thursday, June 30th. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $4.00.
Exfo (NASDAQ:EXFO) opened at 4.10 on Wednesday. Exfo has a one year low of $2.35 and a one year high of $4.36. The company has a 50-day moving average of $3.58 and a 200 day moving average of $3.70. The firm has a market cap of $220.97 million, a P/E ratio of 25.47 and a beta of 0.72.
Exfo (NASDAQ:EXFO) last announced its quarterly earnings data on Wednesday, October 12th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.04. The business earned $62.90 million during the quarter. Exfo had a return on equity of 6.50% and a net margin of 3.96%. Equities research analysts expect that Exfo will post $0.19 earnings per share for the current fiscal year.
A number of large investors have recently bought and sold shares of EXFO. Summit Partners Public Asset Management LLC purchased a new position in Exfo during the first quarter valued at approximately $255,000. White Pine Capital LLC raised its position in 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. Finally, Hillsdale Investment Management Inc. raised its position in 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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