Zacks Investment Research downgraded shares of Exfo (NASDAQ:EXFO) (TSE:EXF) from a hold rating to a strong sell rating in a research report report published on Thursday morning.
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. “
A number of other research firms also recently issued reports on EXFO. ValuEngine upgraded Exfo from a hold rating to a buy rating in a research note on Tuesday, October 2nd. GMP Securities downgraded Exfo from a buy rating to a hold rating in a research note on Friday, October 12th. TD Securities dropped their price target on Exfo from $4.50 to $4.00 and set a hold rating on the stock in a research note on Wednesday. National Bank Financial dropped their price target on Exfo from $4.25 to $3.75 and set a sector perform rating on the stock in a research note on Sunday, October 14th. Finally, Royal Bank of Canada dropped their price target on Exfo from $4.50 to $3.75 and set a sector perform rating on the stock in a research note on Monday, October 15th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $4.29.
EXFO traded up $0.20 during trading on Thursday, hitting $3.46. 2,725 shares of the company’s stock traded hands, compared to its average volume of 13,692. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 0.03. Exfo has a 12-month low of $2.66 and a 12-month high of $4.70. The company has a market cap of $178.40 million, a price-to-earnings ratio of 38.44 and a beta of 0.98.
Exfo (NASDAQ:EXFO) (TSE:EXF) last issued its earnings results on Thursday, October 11th. The communications equipment provider reported $0.05 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.03). The business had revenue of $69.22 million for the quarter, compared to analysts’ expectations of $71.77 million. Exfo had a negative net margin of 8.01% and a negative return on equity of 0.25%. As a group, research analysts forecast that Exfo will post 0.2 EPS for the current year.
A hedge fund recently raised its stake in Exfo stock. RBF Capital LLC boosted its stake in shares of Exfo Inc (NASDAQ:EXFO) (TSE:EXF) by 64.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 37,070 shares of the communications equipment provider’s stock after purchasing an additional 14,499 shares during the period. RBF Capital LLC owned about 0.07% of Exfo worth $141,000 at the end of the most recent quarter. 9.54% of the stock is owned by institutional investors.
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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