Market Runner: What Next for Exfo Inc Stock After Reaching 52-Week High?

Market Runner: What Next for Exfo Inc Stock After Reaching 52 Week High?

The stock of Exfo Inc (NASDAQ:EXFO) hit a new 52-week high and has $5.74 target or 32.00% above today’s $4.35 share price. The 5 months bullish chart indicates low risk for the $228.85M company. The 1-year high was reported on Nov, 2 by Barchart.com. If the $5.74 price target is reached, the company will be worth $73.23 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 18,918 shares traded hands. Exfo Inc (NASDAQ:EXFO) has risen 15.59% since March 31, 2016 and is uptrending. It has outperformed by 13.07% the S&P500.

Exfo Inc (NASDAQ:EXFO) Ratings Coverage

Out of 6 analysts covering EXFO (NASDAQ:EXFO), 1 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 17% are positive. $4.25 is the highest target while $3 is the lowest. The $3.60 average target is -17.24% below today’s ($4.35) stock price. EXFO has been the topic of 7 analyst reports since September 9, 2015 according to StockzIntelligence Inc. The firm has “Sector Perform” rating by National Bank Canada given on Thursday, January 7. The rating was upgraded by IBC on Thursday, January 7 to “Sector Perform”. The company was maintained on Monday, October 5 by RBC Capital Markets. The stock of Exfo Inc (NASDAQ:EXFO) has “Outperform” rating given on Wednesday, September 9 by Northland Capital.

According to Zacks Investment Research, “EXFO Inc. is a provider of next-generation test and service assurance solutions for wireless and wireline network operators and equipment manufacturers in the global telecommunications industry. The Company operates in two segments: Telecom Division, and the Life Sciences and Industrial Division. The Telecom Division offers a wide range of innovative solutions to assess optical networks, from the core to access, as well as next-generation IP infrastructures and related triple-play services. The Life Sciences and Industrial Division offers solutions in medical device and opto-electronics assembly, fluorescence microscopy and other life science sectors. EXFO Inc., formerly known as EXFO Electro-Optical Engineering Inc., is headquartered in Quebec, Canada.”

More news for Exfo Inc (NASDAQ:EXFO) were recently published by: Streetinsider.com, which released: “EXFO, Inc. (EXFO) Acquires Majority of Absolute Analysis Assets” on October 31, 2016. Seekingalpha.com‘s article titled: “Plug Into EXFO Inc” and published on October 18, 2016 is yet another important article.

EXFO Company Profile

EXFO Inc., formerly EXFO Electro-Optical Engineering Inc., incorporated on September 18, 1985, designs, makes and markets test, service assurance and network visibility solutions for fixed and mobile network operators, Web-scale service providers, as well as equipment manufacturers in the global telecommunications industry. The Firm focuses on network infrastructures, including 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. It also offers service assurance for next-generation Internet Protocol (IP) networks and into test equipment for second generation (2G) and third generation (3G).

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