Favorable Press Coverage Somewhat Unlikely to Impact Exfo (EXFO) Share Price

Press coverage about Exfo (NASDAQ:EXFO) (TSE:EXF) has trended positive recently, Accern Sentiment Analysis reports. The research group rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Exfo earned a media sentiment score of 0.27 on Accern’s scale. Accern also assigned media stories about the communications equipment provider an impact score of 45.1024960466988 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

EXFO stock traded up $0.12 during trading hours on Wednesday, reaching $4.23. 7,066 shares of the company’s stock were exchanged, compared to its average volume of 67,281. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.11 and a quick ratio of 1.39. The firm has a market capitalization of $227.96, a PE ratio of 422.50 and a beta of 0.52. Exfo has a 1-year low of $3.72 and a 1-year high of $6.00.

Exfo (NASDAQ:EXFO) (TSE:EXF) last posted its quarterly earnings results on Tuesday, January 9th. The communications equipment provider reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The business had revenue of $63.39 million during the quarter, compared to analysts’ expectations of $62.80 million. Exfo had a net margin of 0.09% and a return on equity of 5.22%. research analysts forecast that Exfo will post 0.24 EPS for the current year.

Several equities research analysts have recently weighed in on EXFO shares. BidaskClub upgraded shares of Exfo from a “strong sell” rating to a “sell” rating in a research report on Monday, February 5th. Zacks Investment Research cut shares of Exfo from a “hold” rating to a “sell” rating in a research report on Thursday, January 11th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $5.35.

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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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