CIBC Maintains a Hold Rating on Exfo Inc (EXFO)

By Carrie Williams

CIBC analyst Todd Coupland maintained a Hold rating on Exfo Inc (EXFOResearch Report) yesterday and set a price target of $4.50. The company’s shares closed last Monday at $3.68.

According to TipRanks.com, Coupland is ranked #2259 out of 5539 analysts.

Currently, the analyst consensus on Exfo Inc is a Moderate Buy with an average price target of $5.00.

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Based on Exfo Inc’s latest earnings release for the quarter ending May 31, the company reported a quarterly net profit of $21K. In comparison, last year the company had a GAAP net loss of $3.95 million.

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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.