TheStreet Lowers EXFO Inc (EXFO) to C+
EXFO Inc (NASDAQ:EXFO) (TSE:EXF) was downgraded by TheStreet from a “b” rating to a “c+” rating in a note issued to investors on Friday, July 7th.
Other equities analysts have also issued research reports about the stock. Northland Securities set a $6.00 price target 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 target on shares of EXFO and gave the stock a “hold” rating in a report on Saturday, July 1st. Zacks Investment Research lowered shares of EXFO from a “buy” rating to a “hold” rating in a report on Tuesday, March 14th. Canaccord Genuity reaffirmed a “hold” rating and set a $5.75 target price on shares of EXFO in a report on Tuesday, May 2nd. Finally, National Bank Financial reaffirmed a “sector perform” rating and set a $5.50 target price on shares of EXFO in a report on Wednesday, April 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $5.63.
Shares of EXFO (NASDAQ EXFO) remained flat at $4.35 during trading on Friday. 14,247 shares of the stock were exchanged. EXFO has a 52-week low of $3.14 and a 52-week high of $6.15. The firm has a 50 day moving average price of $4.93 and a 200 day moving average price of $5.06. The stock has a market cap of $237.96 million, a P/E ratio of 108.75 and a beta of 0.57.
EXFO (NASDAQ:EXFO) (TSE:EXF) last issued its quarterly earnings results on Thursday, June 29th. The communications equipment provider reported ($0.03) EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.06. The company had revenue of $58.50 million during the quarter, compared to the consensus estimate of $61.61 million. EXFO had a return on equity of 2.76% and a net margin of 0.93%. EXFO’s revenue for the quarter was down 3.8% on a year-over-year basis.
A number of large investors have recently made changes to their positions in EXFO. Renaissance Technologies LLC boosted its stake in shares of EXFO by 11.8% in the first 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 during the last quarter. Hillsdale Investment Management Inc. boosted its stake in shares of EXFO by 20.7% in the first quarter. Hillsdale Investment Management Inc. now owns 187,000 shares of the communications equipment provider’s stock valued at $980,000 after buying an additional 32,100 shares during the last quarter. TD Asset Management Inc. purchased a new stake in shares of EXFO during the first quarter valued at $1,105,000. Finally, Acadian Asset Management LLC boosted its stake in shares of EXFO by 1,114.1% in the first quarter. Acadian Asset Management LLC now owns 86,200 shares of the communications equipment provider’s stock valued at $451,000 after buying an additional 79,100 shares during the last quarter. 16.75% of the stock is owned by institutional investors and hedge funds.
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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