Exfo (NASDAQ:EXFO) Issues Quarterly Earnings Results

Exfo (NASDAQ:EXFO) (TSE:EXF) issued its earnings results on Wednesday. The communications equipment provider reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.01), Morningstar.com reports. Exfo had a negative net margin of 2.17% and a positive return on equity of 3.65%. The company had revenue of $73.59 million during the quarter, compared to analyst estimates of $74.40 million. Exfo updated its Q4 2019 guidance to $-0.02-0.02 EPS.

Shares of Exfo stock opened at $3.83 on Friday. The firm has a fifty day moving average of $3.91. Exfo has a 12-month low of $2.66 and a 12-month high of $4.97. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.97 and a current ratio of 1.42. The firm has a market cap of $196.64 million, a PE ratio of 32.27 and a beta of 1.08.

EXFO has been the subject of several research analyst reports. ValuEngine cut shares of WideOpenWest from a “hold” rating to a “sell” rating in a report on Friday, June 28th. Zacks Investment Research upgraded shares of General Moly from a “sell” rating to a “hold” rating in a report on Thursday. Finally, Northland Securities upped their target price on shares of Coupa Software from $85.00 to $150.00 and gave the company an “average” rating in a report on Thursday. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $4.30.

An institutional investor recently raised its position in Exfo stock. White Pine Capital LLC boosted its holdings in Exfo Inc (NASDAQ:EXFO) (TSE:EXF) by 41.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 454,815 shares of the communications equipment provider’s stock after purchasing an additional 133,200 shares during the quarter. White Pine Capital LLC owned about 0.82% of Exfo worth $1,674,000 at the end of the most recent quarter. 9.68% of the stock is owned by hedge funds and other 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.

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Earnings History for Exfo (NASDAQ:EXFO)

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