Exfo (EXFO) Issues Q2 Earnings Guidance

Exfo (NASDAQ:EXFO) (TSE:EXF) issued an update on its second quarter earnings guidance on Tuesday morning. 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.

Shares of Exfo (NASDAQ EXFO) traded down $0.15 during trading hours on Tuesday, reaching $4.30. The company had a trading volume of 62,679 shares, compared to its average volume of 74,478. The firm has a market capitalization of $244.43, a P/E ratio of 430.00 and a beta of 0.49. Exfo has a 1-year low of $3.72 and a 1-year high of $6.15. The company has a quick ratio of 1.39, a current ratio of 2.11 and a debt-to-equity ratio of 0.01.

Exfo (NASDAQ:EXFO) (TSE:EXF) last issued its quarterly earnings results on Tuesday, January 9th. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.01. Exfo had a return on equity of 5.22% and a net margin of 0.09%. sell-side analysts predict that Exfo will post 0.24 EPS for the current fiscal year.

EXFO has been the subject of several recent analyst reports. Zacks Investment Research upgraded Exfo from a sell rating to a hold rating in a research note on Tuesday, November 14th. Royal Bank of Canada reiterated a hold rating and issued a $5.25 price target on shares of Exfo in a research note on Monday, October 16th. Northland Securities set a $6.00 price target on Exfo and gave the company a buy rating in a research note on Wednesday, October 11th. National Bank Financial dropped their price target on Exfo from $5.50 to $4.75 and set a sector perform rating for the company in a research note on Thursday, October 26th. Finally, TheStreet upgraded Exfo from a c rating to a b- rating in a research note on Thursday, November 16th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $5.35.

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Exfo Company Profile

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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