EXFO Inc (NASDAQ:EXFO) (TSE:EXF) has been assigned a $6.00 price objective by Northland Securities in a note issued to investors on Wednesday. The brokerage presently has a “buy” rating on the communications equipment provider’s stock. Northland Securities’ price target would suggest a potential upside of 48.15% from the stock’s previous close.
Other research analysts have also recently issued reports about the company. BMO Capital Markets set a $6.00 price objective on EXFO and gave the company a “hold” rating in a research report on Saturday, July 1st. TheStreet cut EXFO from a “b” rating to a “c+” rating in a research report on Friday, July 7th. Zacks Investment Research cut EXFO from a “hold” rating to a “strong sell” rating in a research report on Monday, July 3rd. Finally, Royal Bank Of Canada lowered their price objective on EXFO from $5.50 to $5.25 and set a “sector perform” rating on the stock in a research report on Friday, June 30th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $5.70.
Shares of EXFO (EXFO) opened at 4.05 on Wednesday. EXFO has a 12-month low of $3.70 and a 12-month high of $6.15. The firm’s 50-day moving average is $4.06 and its 200 day moving average is $4.52. The stock has a market capitalization of $221.55 million, a P/E ratio of 101.25 and a beta of 0.48.
EXFO (NASDAQ:EXFO) (TSE:EXF) last announced its earnings results on Thursday, October 12th. The communications equipment provider reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.04). EXFO had a return on equity of 3.25% and a net margin of 0.93%. The firm had revenue of $63.00 million during the quarter, compared to analysts’ expectations of $60.63 million. EXFO’s revenue for the quarter was up .2% compared to the same quarter last year.
Several hedge funds have recently bought and sold shares of EXFO. Renaissance Technologies LLC lifted its position in shares of EXFO by 11.8% during the 1st quarter. Renaissance Technologies LLC now owns 1,537,890 shares of the communications equipment provider’s stock valued at $7,997,000 after buying an additional 162,510 shares in the last quarter. White Pine Capital LLC lifted its position in shares of EXFO by 28.4% during the 2nd quarter. White Pine Capital LLC now owns 177,125 shares of the communications equipment provider’s stock valued at $832,000 after buying an additional 39,175 shares in the last quarter. Finally, TD Asset Management Inc. lifted its position in shares of EXFO by 11.1% during the 2nd quarter. TD Asset Management Inc. now owns 234,700 shares of the communications equipment provider’s stock valued at $1,093,000 after buying an additional 23,500 shares in the last quarter. 16.99% of the stock is currently owned by hedge funds and other institutional investors.
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.
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