EXFO (EXFO) Earning Somewhat Favorable Media Coverage, Accern Reports
News coverage about EXFO (NASDAQ:EXFO) (TSE:EXF) has been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. EXFO earned a news impact score of 0.13 on Accern’s scale. Accern also assigned media stories about the communications equipment provider an impact score of 46.5534394000892 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Isatis Capital to sell a majority of its Astellia shares to EXFO (pehub.com)
- EXFO Buys 33.1% Stake in Astellia, Plans Full Takeover (lightreading.com)
- EXFO to buy stake in mobile performance analysis company Astellia, plans voluntary takeover bid (lightwaveonline.com)
- EXFO To Buy 33.1% Stake In Astellia; To Launch Voluntary Bid For Remaining Stake (nasdaq.com)
- Analysts Anticipate EXFO Inc (EXFO) Will Announce Quarterly Sales of $60.90 Million (americanbankingnews.com)
EXFO (EXFO) opened at 4.70 on Friday. The stock has a market cap of $257.11 million, a price-to-earnings ratio of 117.50 and a beta of 0.55. The firm’s 50 day moving average price is $4.15 and its 200 day moving average price is $4.82. EXFO has a 12 month low of $3.35 and a 12 month high of $6.15.
EXFO (NASDAQ:EXFO) (TSE:EXF) last released its earnings results on Thursday, June 29th. The communications equipment provider reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by $0.06. EXFO had a net margin of 0.93% and a return on equity of 3.25%. The company had revenue of $58.50 million during the quarter, compared to analysts’ expectations of $61.61 million. The business’s revenue for the quarter was down 3.8% compared to the same quarter last year.
Several research firms recently commented on EXFO. TheStreet lowered EXFO from a “b” rating to a “c+” rating in a research report on Friday, July 7th. Zacks Investment Research upgraded EXFO from a “sell” rating to a “hold” rating in a research report on Tuesday, May 30th. Royal Bank Of Canada dropped their price target on EXFO from $5.50 to $5.25 and set a “sector perform” rating for the company in a research report on Friday, June 30th. BMO Capital Markets set a $6.00 price target on EXFO and gave the stock a “hold” rating in a research report on Saturday, July 1st. Finally, Northland Securities set a $6.00 price target on EXFO and gave the stock a “buy” rating in a research report on Saturday, July 1st. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $5.63.
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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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