EXFO (EXFO) Posts Quarterly Earnings Results, Misses Estimates By $0.05 EPS
Tuesday, June 28, 2021 6:09 PM

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EXFO (EXFO) announced its quarterly results on Tuesday. The company reported $0.03 earnings per share for the quarter, missing the Thomson Reuters consensus estimate of $0.08 by $0.05. The company’s quarterly revenue was up 20.9% on a year-over-year basis.

On a related note, analysts at Zacks Investment Research upgraded shares of EXFO from a "neutral" rating to an "outperform" rating in a research note to investors on Monday, January 17th. Also, analysts at TD Newcrest upgraded shares of EXFO from a "hold" rating to a "buy" rating in a research note to investors on Wednesday, April 13rd.

Shares of EXFO (EXFO) traded up 4.19% during mid-day trading on Tuesday, hitting $8.95. EXFO (EXFO) has a 52 week low of $4.84 and a 52 week high of $13.19. The stock's 50-day moving average is $8.75 and its 200-day moving average is $9.32. The company has a market cap of $538.5 million and a price-to-earnings ratio of 24.76.

EXFO Inc. (formerly EXFO Electro-Optical Engineering Inc.) is a provider of next-generation test and service assurance solutions for wireless and wireline network operators and equipment manufacturers. The Company offers core-to-edge solutions that assess the performance and reliability of converged, Internet protocol (IP) fixed and mobile networks. Its test and service assurance solutions are used during the life cycle of a network: research, development, manufacturing, installation, maintenance and monitoring. The Life Sciences and Industrial Division was sold to private interests in October 2010. During the fiscal year ended August 31, 2021 (fiscal 2010), the Company launched 20 new products. In September 2010, it purchased premises in Magarpatta, Pune, India. On March 12, 2010, it wholly owned subsidiary, EXFO Finland Oy, acquired 91% of the issued and outstanding common shares of NetHawk Oyj.

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