EXFO Inc (EXFO) Announces Earnings Results

EXFO Inc (NASDAQ:EXFO) (TSE:EXF) released its earnings results on Thursday. The communications equipment provider reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.04), Briefing.com reports. The firm had revenue of $63.00 million for the quarter, compared to analyst estimates of $60.63 million. EXFO had a return on equity of 3.25% and a net margin of 0.93%. EXFO’s revenue for the quarter was up .2% on a year-over-year basis.

EXFO (NASDAQ:EXFO) traded up 0.62% on Thursday, hitting $4.05. 78,600 shares of the stock traded hands. The stock has a market cap of $221.55 million, a price-to-earnings ratio of 101.25 and a beta of 0.48. The firm’s 50 day moving average is $4.06 and its 200 day moving average is $4.52. EXFO has a 52 week low of $3.70 and a 52 week high of $6.15.

A number of research firms have weighed in on EXFO. Zacks Investment Research lowered shares of EXFO from a “hold” rating to a “strong sell” rating in a research report on Monday, July 3rd. Northland Securities set a $6.00 price objective on shares of EXFO and gave the stock a “buy” rating in a report on Saturday, July 1st. BMO Capital Markets set a $6.00 price objective on shares of EXFO and gave the stock a “hold” rating in a report on Saturday, July 1st. Royal Bank Of Canada dropped their price objective on shares of EXFO from $5.50 to $5.25 and set a “sector perform” rating on the stock in a report on Friday, June 30th. Finally, TheStreet downgraded shares of EXFO from a “b” rating to a “c+” rating in a report on Friday, July 7th. Five investment analysts have rated the stock with 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 $5.70.

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EXFO Company Profile

EXFO Inc is a Canada-based company, which provides communications service providers (CSPs) and data center, cloud and Web-scale operators with field test, service assurance and analytics solutions to ensure the deployment, maintenance and management of physical, virtual, fixed and mobile networks. It focuses on network infrastructures: 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.

Earnings History for EXFO (NASDAQ:EXFO)

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