Exfo (NASDAQ:EXFO) (TSE:EXF) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Tuesday, Zacks.com reports.

According to Zacks, “EXFO Inc. is a provider of next-generation test and service assurance solutions for wireless and wireline network operators and equipment manufacturers in the global telecommunications industry. The Company operates in two segments: Telecom Division, and the Life Sciences and Industrial Division. The Telecom Division offers a wide range of innovative solutions to assess optical networks, from the core to access, as well as next-generation IP infrastructures and related triple-play services. The Life Sciences and Industrial Division offers solutions in medical device and opto-electronics assembly, fluorescence microscopy and other life science sectors. EXFO Inc., formerly known as EXFO Electro-Optical Engineering Inc., is headquartered in Quebec, Canada. “

Several other brokerages also recently commented on EXFO. Northland Securities reaffirmed a “buy” rating and issued a $5.50 target price on shares of Exfo in a research note on Thursday, July 11th. ValuEngine cut shares of Exfo from a “buy” rating to a “hold” rating in a research report on Thursday, September 5th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $4.30.

Exfo stock traded up $0.16 during trading hours on Tuesday, reaching $3.90. The company had a trading volume of 21,800 shares, compared to its average volume of 27,034. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.42 and a quick ratio of 0.97. The company has a 50-day moving average price of $3.73 and a 200 day moving average price of $3.90. The firm has a market cap of $199.41 million, a price-to-earnings ratio of 43.33 and a beta of 1.11. Exfo has a 12-month low of $2.66 and a 12-month high of $4.97.

Exfo (NASDAQ:EXFO) (TSE:EXF) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $74.40 million. Exfo had a negative net margin of 2.17% and a positive return on equity of 3.65%. As a group, research analysts expect that Exfo will post 0.17 earnings per share for the current year.

Large investors have recently made changes to their positions in the stock. Royal Bank of Canada increased its position in Exfo by 33.6% during the 2nd quarter. Royal Bank of Canada now owns 14,350 shares of the communications equipment provider’s stock valued at $53,000 after purchasing an additional 3,611 shares during the period. Global Alpha Capital Management Ltd. bought a new stake in shares of Exfo during the 2nd quarter valued at about $96,000. BlackRock Inc. purchased a new position in shares of Exfo during the second quarter valued at about $107,000. Brandes Investment Partners LP purchased a new position in shares of Exfo during the second quarter valued at about $778,000. Finally, Hillsdale Investment Management Inc. bought a new position in Exfo in the second quarter worth about $918,000. Institutional investors own 11.20% of the company’s stock.

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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Analyst Recommendations for Exfo (NASDAQ:EXFO)

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