EXFO Inc (EXFO) Downgraded to “C+” at TheStreet
EXFO Inc (NASDAQ:EXFO) (TSE:EXF) was downgraded by TheStreet from a “b” rating to a “c+” rating in a report issued on Friday, July 7th.
EXFO has been the topic of several other reports. Zacks Investment Research raised EXFO from a “sell” rating to a “hold” rating in a research report on Monday, April 17th. National Bank Financial started coverage on EXFO in a research report on Thursday, April 20th. They issued a “sector perform” rating and a $5.50 target price on the stock. Canaccord Genuity reissued a “hold” rating and issued a $5.75 target price on shares of EXFO in a research report on Tuesday, May 2nd. Royal Bank Of Canada cut their target price 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. Finally, Northland Securities set a $6.00 price target on shares of EXFO and gave the company a “buy” rating in a report on Saturday, July 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $5.63.
EXFO (NASDAQ EXFO) traded up 5.19% during mid-day trading on Friday, reaching $4.05. The company had a trading volume of 61,234 shares. The stock has a market capitalization of $221.55 million, a P/E ratio of 101.25 and a beta of 0.55. The stock has a 50 day moving average price of $4.71 and a 200-day moving average price of $5.04. EXFO has a 12-month low of $3.14 and a 12-month high of $6.15.
EXFO (NASDAQ:EXFO) (TSE:EXF) last released its earnings results on Thursday, June 29th. The communications equipment provider reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by $0.06. EXFO had a net margin of 0.93% and a return on equity of 2.76%. The firm had revenue of $58.50 million during the quarter, compared to analyst estimates of $61.61 million. EXFO’s revenue for the quarter was down 3.8% on a year-over-year basis.
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Large investors have recently bought and sold shares of the company. TD Asset Management Inc. purchased a new stake in EXFO during the first quarter valued at about $1,105,000. Renaissance Technologies LLC raised its stake in 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. Acadian Asset Management LLC raised its stake in 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. Finally, Hillsdale Investment Management Inc. raised its stake in 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. 16.65% of the stock is currently owned by institutional investors and hedge funds.
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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