EXFO (NASDAQ:EXFO) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a note issued to investors on Tuesday, ARN reports. They currently have a $6.20 price target on the stock. Zacks‘ price objective indicates a potential upside of 24.00% from the company’s current price.
Shares of EXFO (NASDAQ:EXFO) traded down 0.60% on Tuesday, hitting $4.97. 14,482 shares of the company’s stock traded hands. EXFO has a 1-year low of $3.87 and a 1-year high of $6.14. The stock has a 50-day moving average of $5.28 and a 200-day moving average of $4.92. The company has a market cap of $298.9 million and a P/E ratio of 250.00.
EXFO (NASDAQ:EXFO) last posted its quarterly earnings results on Tuesday, October 8th. The company reported $0.06 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.05 by $0.01. The company had revenue of $60.90 million for the quarter, compared to the consensus estimate of $60.94 million. During the same quarter last year, the company posted $0.01 earnings per share. Analysts expect that EXFO will post $0.23 EPS for the current fiscal year.
EXFO has been the subject of a number of other recent research reports. Analysts at TheStreet upgraded shares of EXFO from a “sell” rating to a “hold” rating in a research note to investors on Tuesday, October 29th. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $5.59.
EXFO Inc (NASDAQ:EXFO) is a provider of next-generation test and service assurance solutions for wireless and wireline network operators and equipment manufacturers.
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