EXFO Inc (EXFO) Expected to Announce Quarterly Sales of $62.80 Million
Analysts predict that EXFO Inc (NASDAQ:EXFO) (TSE:EXF) will post sales of $62.80 million for the current quarter, according to Zacks. Two analysts have issued estimates for EXFO’s earnings, with estimates ranging from $62.00 million to $63.60 million. EXFO reported sales of $61.79 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 1.6%. The company is expected to announce its next earnings results on Tuesday, January 9th.
According to Zacks, analysts expect that EXFO will report full-year sales of $62.80 million for the current year, with estimates ranging from $255.00 million to $268.40 million. For the next fiscal year, analysts anticipate that the company will report sales of $275.20 million per share. Zacks’ sales calculations are an average based on a survey of analysts that follow EXFO.
EXFO has been the subject of several research analyst reports. Zacks Investment Research raised shares of EXFO from a “sell” rating to a “hold” rating in a research note on Tuesday, November 14th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $5.25 target price on shares of EXFO in a research note on Monday, October 16th. Northland Securities set a $6.00 target price on shares of EXFO and gave the company a “buy” rating in a research note on Wednesday, October 11th. National Bank Financial cut their target price on shares of EXFO from $5.50 to $4.75 and set a “sector perform” rating for the company in a research note on Thursday, October 26th. Finally, TheStreet raised shares of EXFO from a “c” rating to a “b-” rating in a research note on Thursday, November 16th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. EXFO presently has a consensus rating of “Hold” and a consensus target price of $5.35.
Several large investors have recently modified their holdings of the business. TD Asset Management Inc. grew its stake in shares of EXFO by 11.1% in the 2nd quarter. TD Asset Management Inc. now owns 234,700 shares of the communications equipment provider’s stock worth $1,093,000 after buying an additional 23,500 shares in the last quarter. White Pine Capital LLC grew its stake in shares of EXFO by 28.4% in the 2nd quarter. White Pine Capital LLC now owns 177,125 shares of the communications equipment provider’s stock worth $832,000 after buying an additional 39,175 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of EXFO by 107.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 28,553 shares of the communications equipment provider’s stock worth $107,000 after buying an additional 14,803 shares in the last quarter. 16.16% of the stock is owned by institutional investors and hedge funds.
EXFO (NASDAQ EXFO) traded up $0.05 on Tuesday, reaching $4.35. 4,200 shares of the company traded hands, compared to its average volume of 50,158. The stock has a market capitalization of $235.93, a PE ratio of 22.63 and a beta of 0.48. EXFO has a 52 week low of $3.72 and a 52 week high of $6.15.
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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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