Exfo (NASDAQ:EXFO) Upgraded to “Buy” at Zacks Investment Research
Zacks Investment Research upgraded shares of Exfo (NASDAQ:EXFO) (TSE:EXF) from a hold rating to a buy rating in a research report report published on Wednesday morning, Zacks.com reports. They currently have $4.50 target price on the communications equipment provider’s stock.
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. “
Separately, ValuEngine cut WideOpenWest from a hold rating to a sell rating in a report on Friday, June 28th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Exfo currently has an average rating of Hold and a consensus price target of $4.29.
Exfo (NASDAQ:EXFO) (TSE:EXF) last released its quarterly earnings results 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 firm had revenue of $73.59 million for the quarter, compared to the consensus estimate of $74.40 million. Exfo had a positive return on equity of 1.71% and a negative net margin of 4.29%. Research analysts anticipate that Exfo will post 0.2 EPS for the current fiscal year.
An institutional investor recently raised its position in Exfo stock. CLARET ASSET MANAGEMENT Corp increased its stake in Exfo Inc (NASDAQ:EXFO) (TSE:EXF) by 7.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 101,764 shares of the communications equipment provider’s stock after acquiring an additional 7,233 shares during the quarter. CLARET ASSET MANAGEMENT Corp owned about 0.18% of Exfo worth $374,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 9.68% 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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