Today it was reported that the Chief Executive Officer of Exfo (EXFO), Philippe Morin, exercised options to sell 26,713 EXFO shares for a total transaction value of $94.57K.
Following this transaction Philippe Morin’s holding in the company was decreased by 4% to a total of $1.94 million. In addition to Philippe Morin, 4 other EXFO executives reported Sell trades in the last month.
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Based on Exfo’s latest earnings report for the quarter ending August 31, the company posted quarterly revenue of $70.57 million and GAAP net loss of -$3,633,000. In comparison, last year the company earned revenue of $70.18 million and had a GAAP net loss of $227K. Currently, Exfo has an average volume of 718. The company has a one-year high of $4.95 and a one-year low of $2.00.
Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $3.89, reflecting a -30.7% downside.
The insider sentiment on Exfo has been negative according to 24 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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EXFO, Inc. engages in the provision of test, monitoring, and analytics solutions for fixed and mobile communications service providers, webscale companies and equipment manufacturers. It offers field network testing, optical benchtop kits, tunable filters, network simulation and load testing, and switch and utility module. The company was founded by Germain Lamonde on September 18, 1985 and is headquartered in Quebec, Canada.
