Exfo (EXFO) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research lowered shares of Exfo (NASDAQ:EXFO) (TSE:EXF) from a hold rating to a strong sell rating in a research report report published on Thursday.

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. “

Several other analysts have also recently issued reports on EXFO. TD Securities lowered their price objective on shares of Exfo from $4.50 to $4.00 and set a hold rating for the company in a research note on Wednesday, January 9th. National Bank Financial decreased their price target on shares of Exfo from $4.25 to $3.75 and set a sector perform rating for the company in a research report on Sunday, October 14th. ValuEngine cut shares of Exfo from a buy rating to a hold rating in a research report on Wednesday, November 21st. Northland Securities set a $6.00 price target on shares of Exfo and gave the stock a buy rating in a research report on Thursday, December 20th. Finally, GMP Securities cut shares of Exfo from a buy rating to a hold rating in a research report on Friday, October 12th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $4.29.

EXFO stock opened at $3.48 on Thursday. The company has a market capitalization of $178.40 million, a price-to-earnings ratio of 38.67 and a beta of 0.98. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.27 and a quick ratio of 0.93. Exfo has a one year low of $2.66 and a one year high of $4.70.

Exfo (NASDAQ:EXFO) (TSE:EXF) last released its earnings results on Thursday, October 11th. The communications equipment provider reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.03). The firm had revenue of $69.22 million during the quarter, compared to analysts’ expectations of $71.77 million. Exfo had a negative return on equity of 0.25% and a negative net margin of 8.01%. As a group, sell-side analysts expect that Exfo will post 0.2 EPS for the current year.

A hedge fund recently raised its stake in Exfo stock. CLARET ASSET MANAGEMENT Corp boosted its position in Exfo Inc (NASDAQ:EXFO) (TSE:EXF) by 85.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,010 shares of the communications equipment provider’s stock after buying an additional 41,884 shares during the quarter. CLARET ASSET MANAGEMENT Corp owned 0.17% of Exfo worth $343,000 at the end of the most recent quarter. 9.54% of the stock is currently owned by institutional investors and hedge funds.

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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