Exfo (NASDAQ:EXFO) (TSE:EXF) posted its earnings results on Tuesday. The communications equipment provider reported $0.05 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.05, Briefing.com reports. Exfo had a return on equity of 5.26% and a net margin of 0.35%. The firm had revenue of $63.39 million during the quarter, compared to analysts’ expectations of $62.59 million. During the same period in the previous year, the firm earned $0.06 earnings per share. The company’s revenue was up 2.6% on a year-over-year basis. Exfo updated its Q2 guidance to 0.00-0.04 EPS.
Shares of Exfo (EXFO) traded up $0.04 during trading on Tuesday, hitting $4.45. The stock had a trading volume of 44,294 shares, compared to its average volume of 16,166. The company has a market capitalization of $245.64, a price-to-earnings ratio of 445.00 and a beta of 0.49. Exfo has a 12 month low of $3.72 and a 12 month high of $6.15.
A number of research analysts have issued reports on EXFO shares. TheStreet raised Exfo from a “c” rating to a “b-” rating in a research note on Thursday, November 16th. Northland Securities set a $6.00 price target on Exfo and gave the company a “buy” rating in a report on Wednesday, October 11th. Royal Bank of Canada restated a “hold” rating and issued a $5.25 price target on shares of Exfo in a report on Monday, October 16th. Canaccord Genuity restated a “hold” rating and issued a $4.75 price target on shares of Exfo in a report on Sunday, October 15th. Finally, BMO Capital Markets set a $6.00 price target on Exfo and gave the company a “hold” rating in a report on Friday, October 13th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Exfo presently has a consensus rating of “Hold” and an average target price of $5.35.
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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