Exfo (EXFO) Raised to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Exfo (NASDAQ:EXFO) (TSE:EXF) from a strong sell rating to a hold rating in a research note released on Tuesday.

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 equities analysts have also recently issued reports on EXFO. ValuEngine upgraded shares of Exfo from a hold rating to a buy rating in a research note on Tuesday, November 13th. Northland Securities set a $6.00 target price on shares of Exfo and gave the company a buy rating in a research note on Thursday, December 20th. Finally, TD Securities lowered their target price on shares of Exfo from $4.50 to $4.00 and set a hold rating on the stock in a research note on Wednesday, January 9th. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $4.29.

Shares of Exfo stock opened at $3.43 on Tuesday. The stock has a market capitalization of $189.68 million, a P/E ratio of 38.11 and a beta of 1.11. Exfo has a 1 year low of $2.66 and a 1 year high of $4.45. The company has a current ratio of 1.27, a quick ratio of 0.88 and a debt-to-equity ratio of 0.03.

Exfo (NASDAQ:EXFO) (TSE:EXF) last announced its quarterly earnings results on Tuesday, January 8th. The communications equipment provider reported ($0.05) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.01). The firm had revenue of $69.20 million during the quarter, compared to the consensus estimate of $68.10 million. Exfo had a negative return on equity of 0.25% and a negative net margin of 8.01%. As a group, analysts expect that Exfo will post 0.2 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Exfo stock. RBF Capital LLC raised its stake in shares of Exfo Inc (NASDAQ:EXFO) (TSE:EXF) by 64.2% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 37,070 shares of the communications equipment provider’s stock after acquiring an additional 14,499 shares during the period. RBF Capital LLC owned approximately 0.07% of Exfo worth $141,000 as of its most recent SEC filing. 9.55% of the stock is owned by institutional investors.

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.

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