Revenue Update on Exfo Inc(NASDAQ:EXFO)

Exfo Inc(NASDAQ:EXFO) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during After-hours on Jun 29, 2016. Company reported revenue of $60.90M. Analysts estimated a revenue of $60.87M. Earnings per share were $0.02. Analysts had estimated an EPS of $0.06.

Exfo Inc (EXFO) made into the market gainers list on Fridays trading session with the shares advancing 4.34% or 0.15 points. Due to strong positive momentum, the stock ended at $3.61, which is also near the day’s high of $3.69. The stock began the session at $3.49 and the volume stood at 97,953 shares. The 52-week high of the shares is $4.36 and the 52 week low is $2.12. The company has a current market capitalization of $195 M and it has 5,38,96,240 shares in outstanding.

EXFO Inc. is a provider of test and service assurance solutions for network operators and equipment manufacturers in the global telecommunications industry. The Company offers core-to-edge solutions that assess the performance and reliability of converged Internet Protocol (IP) fixed and mobile networks. The Company’s test and service assurance solutions specifically target high-growth market opportunities related to increasing bandwidth and improving quality of experience on next-generation networks: 3G 4G/LTE (long-term evolution) 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. The Company offers products for network operators for network equipment manufacturers and for life sciences and industrial customers.

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