Northland Securities reiterated their buy rating on shares of Exfo (NASDAQ:EXFO) (TSE:EXF) in a research report sent to investors on Thursday morning, AnalystRatings.com reports. Northland Securities currently has 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 commented.
A number of other brokerages have also weighed in on EXFO. ValuEngine lowered WideOpenWest from a hold rating to a sell rating in a report on Friday, June 28th. Zacks Investment Research lowered ExlService from a hold rating to a sell rating in a report on Wednesday. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has an average rating of Hold and an average price target of $4.30.
Shares of NASDAQ:EXFO opened at $3.83 on Thursday. Exfo has a 1 year low of $2.66 and a 1 year high of $4.97. The stock has a market cap of $212.15 million, a price-to-earnings ratio of 34.82 and a beta of 1.08. The company has a quick ratio of 0.97, a current ratio of 1.42 and a debt-to-equity ratio of 0.02. The company’s 50 day simple moving average is $3.91.
Exfo (NASDAQ:EXFO) (TSE:EXF) last announced its earnings results on Wednesday, July 10th. The communications equipment provider reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The business had revenue of $73.59 million for the quarter, compared to analysts’ expectations 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, analysts forecast that Exfo will post 0.18 earnings per share for the current year.
A hedge fund recently raised its stake in Exfo stock. CLARET ASSET MANAGEMENT Corp raised its position in Exfo Inc (NASDAQ:EXFO) (TSE:EXF) by 7.7% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 101,764 shares of the communications equipment provider’s stock after purchasing an additional 7,233 shares during the period. CLARET ASSET MANAGEMENT Corp owned 0.18% of Exfo worth $374,000 at the end of the most recent quarter. 9.68% of the stock is currently owned by institutional investors and hedge funds.
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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