White Pine Capital LLC increased its stake in shares of EXFO Inc (NASDAQ:EXFO) (TSE:EXF) by 28.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 177,125 shares of the communications equipment provider’s stock after purchasing an additional 39,175 shares during the quarter. White Pine Capital LLC owned approximately 0.32% of EXFO worth $832,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of the stock. TD Asset Management Inc. bought a new position in EXFO during the first quarter valued at approximately $1,105,000. Renaissance Technologies LLC raised its position in EXFO by 11.8% during the first quarter. Renaissance Technologies LLC now owns 1,537,890 shares of the communications equipment provider’s stock valued at $7,997,000 after acquiring an additional 162,510 shares in the last quarter. Acadian Asset Management LLC raised its position in EXFO by 1,114.1% during the first quarter. Acadian Asset Management LLC now owns 86,200 shares of the communications equipment provider’s stock valued at $451,000 after acquiring an additional 79,100 shares in the last quarter. Finally, Hillsdale Investment Management Inc. raised its position in EXFO by 20.7% during the first quarter. Hillsdale Investment Management Inc. now owns 187,000 shares of the communications equipment provider’s stock valued at $980,000 after acquiring an additional 32,100 shares in the last quarter. Institutional investors and hedge funds own 16.99% of the company’s stock.
Several brokerages recently weighed in on EXFO. Zacks Investment Research raised shares of EXFO from a “sell” rating to a “hold” rating in a research report on Tuesday, May 30th. BMO Capital Markets set a $6.00 price objective on shares of EXFO and gave the company a “hold” rating in a research report on Saturday, July 1st. Northland Securities set a $6.00 price objective on shares of EXFO and gave the company a “buy” rating in a research report on Saturday, July 1st. Royal Bank Of Canada cut their price objective on shares of EXFO from $5.50 to $5.25 and set a “sector perform” rating on the stock in a research report on Friday, June 30th. Finally, TheStreet lowered shares of EXFO from a “b” rating to a “c+” rating in a research report on Friday, July 7th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. EXFO has a consensus rating of “Hold” and an average target price of $5.63.
EXFO Inc (EXFO) traded up 1.22% during trading on Friday, hitting $4.15. 3,120 shares of the stock were exchanged. EXFO Inc has a 1-year low of $3.46 and a 1-year high of $6.15. The stock has a market cap of $227.02 million, a price-to-earnings ratio of 103.75 and a beta of 0.52. The firm’s 50 day moving average price is $4.09 and its 200-day moving average price is $4.73.
EXFO (NASDAQ:EXFO) (TSE:EXF) last released its quarterly earnings data on Thursday, June 29th. The communications equipment provider reported ($0.03) EPS for the quarter, missing the consensus estimate 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 analyst estimates of $61.61 million. EXFO’s revenue was down 3.8% on a year-over-year basis.
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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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