In a report released yesterday, Robert Young from Canaccord Genuity reiterated a Hold rating on Exfo Inc (NASDAQ: EXFO), with a price target of $3.75. The company’s shares closed yesterday at $3.35, close to its 52-week low of $3.16.
According to TipRanks.com, Young is ranked #351 out of 4842 analysts.
The word on The Street in general, suggests a Hold analyst consensus rating for Exfo Inc with a $3.75 average price target.
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Based on Exfo Inc’s latest earnings release for the quarter ending May 31, the company reported a quarterly GAAP net loss of $5.97 million. In comparison, last year the company had a GAAP net loss of $4.3 million.
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EXFO, Inc. engages in the provision of next-generation test, service assurance and analytics solutions for fixed and mobile communications service providers, web-scale operators as well as network equipment manufacturers in the global telecommunications industry.