EXFO Inc (NASDAQ:EXFO) (TSE:EXF) – National Bank Financial reduced their Q1 2018 earnings per share estimates for EXFO in a research note issued on Thursday. National Bank Financial analyst R. Tse now expects that the communications equipment provider will post earnings of $0.05 per share for the quarter, down from their prior estimate of $0.06. National Bank Financial also issued estimates for EXFO’s FY2018 earnings at $0.25 EPS and FY2019 earnings at $0.35 EPS.
Several other research analysts have also recently commented on EXFO. Royal Bank Of Canada lowered their price target on shares of EXFO from $5.50 to $5.25 and set a “sector perform” rating for the company in a report on Friday, June 30th. Northland Securities set a $6.00 price target on shares of EXFO and gave the stock a “buy” rating in a report on Saturday, July 1st. BMO Capital Markets set a $6.00 price target on shares of EXFO and gave the stock a “hold” rating in a report on Saturday, July 1st. Zacks Investment Research cut shares of EXFO from a “hold” rating to a “strong sell” rating in a report on Monday, July 3rd. Finally, TheStreet cut shares of EXFO from a “b” rating to a “c+” rating in a report on Friday, July 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $5.50.
EXFO (NASDAQ EXFO) traded up 1.25% during midday trading on Monday, reaching $4.05. 17,241 shares of the company were exchanged. The company has a market capitalization of $221.57 million, a PE ratio of 253.12 and a beta of 0.48. EXFO has a 52 week low of $3.72 and a 52 week high of $6.15. The firm has a 50-day moving average price of $4.07 and a 200-day moving average price of $4.49.
Several large investors have recently modified their holdings of EXFO. White Pine Capital LLC lifted its position in shares of EXFO by 28.4% during 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 during the last quarter. TD Asset Management Inc. lifted its position in shares of EXFO by 11.1% during 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 during the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of EXFO by 11.8% during the 1st quarter. Renaissance Technologies LLC now owns 1,537,890 shares of the communications equipment provider’s stock worth $7,997,000 after buying an additional 162,510 shares during the last quarter. Institutional investors and hedge funds own 16.99% of the company’s stock.
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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