Exfo (EXFO) Releases Q2 Earnings Guidance

Exfo (NASDAQ:EXFO) (TSE:EXF) updated its second quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 0.00-0.04 for the period, compared to the Thomson Reuters consensus estimate of $0.06. The company issued revenue guidance of $59-64 million, compared to the consensus revenue estimate of $62.63 million.

A number of equities research analysts have issued reports on the company. Royal Bank of Canada reiterated a hold rating and issued a $5.25 target price on shares of Exfo in a research note on Monday, October 16th. Canaccord Genuity reiterated a hold rating and issued a $4.75 target price on shares of Exfo in a research note on Sunday, October 15th. BMO Capital Markets set a $6.00 target price on Exfo and gave the company a hold rating in a research note on Friday, October 13th. Zacks Investment Research cut Exfo from a hold rating to a sell rating in a research note on Monday, October 16th. Finally, Northland Securities set a $6.00 target price on Exfo and gave the company a buy rating in a research note on Wednesday, October 11th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $5.35.

Shares of Exfo (EXFO) opened at $4.30 on Thursday. Exfo has a one year low of $3.72 and a one year high of $6.15. The firm has a market cap of $235.42, a PE ratio of 430.00 and a beta of 0.49.

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About Exfo

EXFO Inc is a Canada-based company, which provides communications service providers (CSPs) and data center, cloud and Web-scale operators with field test, service assurance and analytics solutions to ensure the deployment, maintenance and management of physical, virtual, fixed and mobile networks. It focuses on network infrastructures: fourth generation (4G)/long-term evolution (LTE), wireless backhaul, small cells and distributed antenna systems (DAS), 100G network upgrades and fiber-to-the-home (FTTH)/fiber-to-the-curb (FTTC)/fiber-to-the-node (FTTN) deployments.

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