Exfo (NASDAQ:EXFO) Releases Q4 2019 Earnings Guidance

Exfo (NASDAQ:EXFO) (TSE:EXF) updated its fourth quarter 2019 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $-0.02-0.02 for the period, compared to the Thomson Reuters consensus estimate of $0.07. The company issued revenue guidance of $66-71 million, compared to the consensus revenue estimate of $74.36 million.

Several analysts have issued reports on the stock. Northland Securities increased their price objective on shares of Coupa Software from $85.00 to $150.00 and gave the company an average rating in a research report on Thursday. ValuEngine downgraded shares of WideOpenWest from a hold rating to a sell rating in a research report on Friday, June 28th. Finally, Zacks Investment Research raised shares of General Moly from a sell rating to a hold rating in a research report on Thursday. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $4.30.

EXFO stock opened at $3.83 on Friday. Exfo has a twelve month low of $2.66 and a twelve month high of $4.97. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.42 and a quick ratio of 0.97. The firm has a market capitalization of $196.64 million, a P/E ratio of 32.27 and a beta of 1.08. The stock’s 50 day moving average is $3.91.

Exfo (NASDAQ:EXFO) (TSE:EXF) last released its quarterly earnings results on Wednesday, July 10th. The communications equipment provider reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). Exfo had a positive return on equity of 3.65% and a negative net margin of 2.17%. The company had revenue of $73.59 million for the quarter, compared to analyst estimates of $74.40 million. On average, research analysts forecast that Exfo will post 0.2 EPS for the current fiscal year.

Exfo Company Profile

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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