Exfo (NASDAQ:EXFO) Issues Quarterly Earnings Results, Hits Expectations

Exfo (NASDAQ:EXFO) (TSE:EXF) released its quarterly earnings results on Wednesday. The communications equipment provider reported $0.05 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.05, Fidelity Earnings reports. The business had revenue of $70.18 million during the quarter, compared to analysts’ expectations of $69.05 million. Exfo had a positive return on equity of 3.76% and a negative net margin of 0.86%. Exfo updated its Q1 2020 guidance to $-0.05–0.01 EPS.

Shares of NASDAQ EXFO opened at $3.81 on Friday. The stock has a market capitalization of $211.04 million, a PE ratio of 31.75 and a beta of 1.11. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.42 and a quick ratio of 0.97. The business has a fifty day moving average price of $3.72 and a two-hundred day moving average price of $3.94. Exfo has a fifty-two week low of $2.66 and a fifty-two week high of $4.97.

EXFO has been the subject of several research reports. CIBC reissued a “hold” rating and set a $4.50 price target on shares of Exfo in a report on Thursday. TD Securities lifted their price target on Exfo from $4.00 to $4.50 and gave the stock a “hold” rating in a report on Thursday. Zacks Investment Research cut Exfo from a “hold” rating to a “strong sell” rating in a report on Friday. ValuEngine cut Exfo from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Northland Securities reaffirmed a “buy” rating and issued a $5.50 price objective on shares of Exfo in a report on Thursday, July 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. Exfo has a consensus rating of “Hold” and a consensus price target of $4.42.

About Exfo

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.

Recommended Story: Different Types of Derivatives

Earnings History for Exfo (NASDAQ:EXFO)

Receive News & Ratings for Exfo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exfo and related companies with MarketBeat.com's FREE daily email newsletter.