Zacks Investment Research upgraded shares of Exfo (NASDAQ:EXFO) (TSE:EXF) from a hold rating to a buy rating in a report released on Wednesday, Zacks.com reports. They currently have $4.50 price objective 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 lowered WideOpenWest from a hold rating to a sell rating in a research note on Friday, June 28th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $4.30.
Exfo (NASDAQ:EXFO) (TSE:EXF) last posted its quarterly earnings data on Wednesday, July 10th. The communications equipment provider reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). Exfo had a positive return on equity of 3.65% and a negative net margin of 2.17%. The business had revenue of $73.59 million for the quarter, compared to analyst estimates of $74.40 million. As a group, sell-side analysts predict that Exfo will post 0.2 earnings per share for the current fiscal year.
A hedge fund recently raised its stake in Exfo stock. White Pine Capital LLC boosted its position in Exfo Inc (NASDAQ:EXFO) (TSE:EXF) by 41.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 454,815 shares of the communications equipment provider’s stock after purchasing an additional 133,200 shares during the quarter. White Pine Capital LLC owned about 0.82% of Exfo worth $1,674,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 9.68% of the stock is currently owned by hedge funds and other institutional investors.
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.
Featured Article: How can you know how many shares are floating?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.