Exfo Inc. (EXFO) to Release Quarterly Earnings on Wednesday
Exfo Inc. (NASDAQ:EXFO) is scheduled to be issuing its Q416 quarterly earnings data on Wednesday, October 12th. Analysts expect the company to announce earnings of $0.05 per share and revenue of $59.52 million for the quarter.
Shares of Exfo Inc. (NASDAQ:EXFO) opened at 3.75 on Tuesday. Exfo Inc. has a one year low of $2.35 and a one year high of $4.36. The stock has a market cap of $202.11 million, a price-to-earnings ratio of 23.29 and a beta of 0.71. The company has a 50-day moving average of $3.55 and a 200 day moving average of $3.70.
An institutional investor recently raised its position in Exfo stock. White Pine Capital LLC boosted its position in shares of Exfo Inc. (NASDAQ:EXFO) by 65.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 38,000 shares of the company’s stock after buying an additional 15,000 shares during the period. White Pine Capital LLC owned 0.07% of Exfo worth $131,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 15.07% of the company’s stock.
Several equities research analysts have recently weighed in on the company. Canaccord Genuity reissued a “hold” rating and issued a $4.00 price objective on shares of Exfo in a report on Thursday, August 11th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $5.50 price objective on shares of Exfo in a report on Thursday, June 30th. Finally, Zacks Investment Research raised Exfo from a “sell” rating to a “hold” rating in a report on Tuesday, August 23rd. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Exfo presently has a consensus rating of “Hold” and an average price target of $3.96.
EXFO Inc, formerly EXFO Electro-Optical Engineering Inc, designs, manufactures and markets test, service assurance and network visibility solutions for fixed and mobile network operators, Web-scale service providers, as well as equipment manufacturers in the global telecommunications industry. The Company focuses on network infrastructures, including 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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