Exfo (EXFO) Issues Q2 Earnings Guidance

Exfo (NASDAQ:EXFO) (TSE:EXF) updated its second quarter earnings guidance on Tuesday. The company provided EPS guidance of 0.00-0.04 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.06. The company issued revenue guidance of $59-64 million, compared to the consensus revenue estimate of $62.63 million.

Exfo (EXFO) opened at $4.30 on Thursday. The company has a market cap of $235.42, a price-to-earnings ratio of 430.00 and a beta of 0.49. Exfo has a 1-year low of $3.72 and a 1-year high of $6.15.

EXFO has been the subject of a number of research reports. National Bank Financial decreased their price objective on shares of Exfo from $5.50 to $4.75 and set a sector perform rating for the company in a report on Thursday, October 26th. TheStreet raised shares of Exfo from a c rating to a b- rating in a report on Thursday, November 16th. Zacks Investment Research raised shares of Exfo from a sell rating to a hold rating in a report on Tuesday, November 14th. Northland Securities set a $6.00 price objective on shares of Exfo and gave the stock a buy rating in a report on Wednesday, October 11th. Finally, BMO Capital Markets set a $6.00 price objective on shares of Exfo and gave the stock a hold rating in a report on Friday, October 13th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has an average rating of Hold and a consensus target price of $5.35.

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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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