Zacks Investment Research lowered shares of Exfo (NASDAQ:EXFO) (TSE:EXF) from a hold rating to a strong sell rating in a research note issued to investors on Thursday morning.
According to Zacks, “EXFO Inc. is a provider of next-generation test and service assurance solutions for wireless and wireline network operators and equipment manufacturers in the global telecommunications industry. The Company operates in two segments: Telecom Division, and the Life Sciences and Industrial Division. The Telecom Division offers a wide range of innovative solutions to assess optical networks, from the core to access, as well as next-generation IP infrastructures and related triple-play services. The Life Sciences and Industrial Division offers solutions in medical device and opto-electronics assembly, fluorescence microscopy and other life science sectors. EXFO Inc., formerly known as EXFO Electro-Optical Engineering Inc., is headquartered in Quebec, Canada. “
EXFO has been the topic of several other research reports. TD Securities dropped their price objective on shares of Exfo from $5.00 to $4.50 and set a hold rating on the stock in a research note on Sunday, October 14th. Northland Securities set a $6.00 price objective on shares of Exfo and gave the stock a buy rating in a research note on Thursday, December 20th. ValuEngine lowered shares of Exfo from a buy rating to a hold rating in a research note on Wednesday, November 21st. National Bank Financial dropped their price objective on shares of Exfo from $4.25 to $3.75 and set a sector perform rating on the stock in a research note on Sunday, October 14th. Finally, GMP Securities lowered shares of Exfo from a buy rating to a hold rating in a research note on Friday, October 12th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. Exfo has an average rating of Hold and a consensus target price of $4.29.
Shares of Exfo stock opened at $3.48 on Thursday. The stock has a market capitalization of $178.40 million, a PE ratio of 38.67 and a beta of 0.98. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 0.03. Exfo has a 1 year low of $2.66 and a 1 year high of $4.70.
Exfo (NASDAQ:EXFO) (TSE:EXF) last issued its earnings results on Thursday, October 11th. The communications equipment provider reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). The company had revenue of $69.22 million during the quarter, compared to analyst estimates of $71.77 million. Exfo had a negative net margin of 8.01% and a negative return on equity of 0.25%. Sell-side analysts forecast that Exfo will post 0.2 earnings per share for the current year.
An institutional investor recently raised its position in Exfo stock. RBF Capital LLC grew its position in Exfo Inc (NASDAQ:EXFO) (TSE:EXF) by 64.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 37,070 shares of the communications equipment provider’s stock after purchasing an additional 14,499 shares during the period. RBF Capital LLC owned approximately 0.07% of Exfo worth $141,000 as of its most recent SEC filing. 9.54% of the stock is owned by institutional investors.
Exfo Company Profile
EXFO Inc develops, manufactures, and markets smarter network test, monitoring, and analytics solutions for communications service providers, network equipment manufacturers, and Web-scale operators. It offers field network testing products, such as copper/DSL testing, dispersion analysis, fiber inspection, live fiber detection, network protocol testing, optical power and loss testing, ORL tester, optical time domain reflectometry and iOLM, spectral testing, test function virtualization, and test reporting and automation products, as well as modular test platforms.
See Also: Initial Public Offering (IPO)
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