White Pine Capital LLC boosted its stake in Exfo Inc (NASDAQ:EXFO) (TSE:EXF) by 30.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 256,465 shares of the communications equipment provider’s stock after purchasing an additional 59,475 shares during the quarter. White Pine Capital LLC’s holdings in Exfo were worth $1,116,000 as of its most recent filing with the Securities & Exchange Commission.

Separately, JPMorgan Chase & Co. boosted its stake in Exfo by 107.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 28,553 shares of the communications equipment provider’s stock worth $107,000 after purchasing an additional 14,803 shares during the period. 17.84% of the stock is currently owned by institutional investors.

Several research analysts have commented on EXFO shares. TheStreet upgraded Exfo from a “c” rating to a “b-” rating in a research note on Thursday, November 16th. Zacks Investment Research raised Exfo from a “sell” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, BidaskClub raised Exfo from a “sell” rating to a “hold” rating in a report on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $5.35.

Shares of Exfo Inc (EXFO) opened at $4.25 on Friday. Exfo Inc has a 1-year low of $3.72 and a 1-year high of $6.15. The firm has a market capitalization of $233.45, a PE ratio of 425.00 and a beta of 0.52. 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 released its quarterly earnings results on Tuesday, January 9th. The communications equipment provider reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.01. Exfo had a return on equity of 5.22% and a net margin of 0.09%. The firm had revenue of $63.39 million for the quarter, compared to analysts’ expectations of $62.80 million. equities research analysts forecast that Exfo Inc will post 0.24 earnings per share for the current year.

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Exfo 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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Institutional Ownership by Quarter for Exfo (NASDAQ:EXFO)

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