Northland Securities restated their buy rating on shares of Exfo (NASDAQ:EXFO) (TSE:EXF) in a report published on Thursday morning, reports. They currently have a $5.50 target price on the communications equipment provider’s stock.

“We maintain our OP rating and $5.50 PT on EXFO shares after an FQ3 that featured strong optical test growth driven by 100G-400G solutions and much better than expected EBITDA on lower opex driven by the company’s recently completed restructuring, and despite a lower than expected top line outlook for FQ4 driven by slowness in carrier spending on the Software/ Service side.”,” Northland Securities’ analyst wrote.

Several other research analysts have also weighed in on EXFO. Zacks Investment Research lowered ExlService from a hold rating to a sell rating in a research report on Wednesday. ValuEngine lowered WideOpenWest from a hold rating to a sell rating in a research report on Friday, June 28th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $4.29.

Shares of NASDAQ:EXFO traded down $0.02 during trading on Thursday, hitting $3.55. 376 shares of the company were exchanged, compared to its average volume of 15,736. The stock has a market capitalization of $216.03 million, a PE ratio of 38.89 and a beta of 1.08. Exfo has a fifty-two week low of $2.66 and a fifty-two week high of $4.97. The firm has a fifty day simple moving average of $3.92. The company has a current ratio of 1.42, a quick ratio of 0.97 and a debt-to-equity ratio of 0.03.

Exfo (NASDAQ:EXFO) (TSE:EXF) last posted its quarterly earnings results on Wednesday, July 10th. The communications equipment provider reported $0.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.01). The company had revenue of $73.59 million for the quarter, compared to analyst estimates of $74.40 million. Exfo had a positive return on equity of 3.63% and a negative net margin of 2.17%. As a group, sell-side analysts predict that Exfo will post 0.2 EPS for the current fiscal year.

An institutional investor recently raised its position in Exfo stock. CLARET ASSET MANAGEMENT Corp lifted its holdings in shares of Exfo Inc (NASDAQ:EXFO) (TSE:EXF) by 7.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 101,764 shares of the communications equipment provider’s stock after acquiring an additional 7,233 shares during the quarter. CLARET ASSET MANAGEMENT Corp owned approximately 0.18% of Exfo worth $374,000 as of its most recent SEC filing. Institutional investors own 9.68% of the company’s stock.

About Exfo

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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Analyst Recommendations for Exfo (NASDAQ:EXFO)

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