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EXFO Inc (EXF.TO)

EXF.TO on Toronto Stock Exchange

4.99CAD
22 Sep 2017
Change (% chg)

$-0.01 (-0.20%)
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$5.00
Open
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Volume
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Latest Key Developments (Source: Significant Developments)

EXFO acquires 33.1 pct stake in Astellia, plans to launch voluntary takeover bid of co
Thursday, 31 Aug 2017 01:30am EDT 

Aug 31 (Reuters) - EXFO Inc :EXFO acquires 33.1% stake in Astellia and announces plans to soon launch a voluntary takeover bid of the company.EXFO signed an representing an equity stake of 25.4%, at a price of EUR 10 per Astellia share.Astellia's board of directors has expressed its support for this transaction.Price of EUR 10 per share proposed by EXFO represents a premium of 44.7% over Astellia's closing share price on August 30, 2017.Co signed an agreement with Isatis Capital to acquire at same price a majority of its shares, representing an equity stake of 7.7%.Transaction values the entirety of Astellia's equity (on a fully diluted basis) at approximately 25.9 million euros.EXFO will initiate an all-cash voluntary public tender offer to acquire Astellia's remaining shares.  Full Article

EXFO Q3 loss per share $0.08
Thursday, 29 Jun 2017 04:05pm EDT 

June 29 (Reuters) - Exfo Inc ::EXFO reports third quarter results for fiscal 2017.Q3 loss per share $0.08.Q3 sales $58.5 million versus i/b/e/s view $61.5 million.Q3 earnings per share view $0.04 -- Thomson Reuters I/B/E/S.Sees Q4 2017 sales $58 million to $63 million.EXFO Inc - "we should begin benefitting from our restructuring efforts in q4, but full impact will be felt in fiscal 2018".EXFO Inc - cost savings from restructuring of us$8.0 million expected in FY 2018.  Full Article

EXFO streamlines monitoring solutions portfolio
Tuesday, 2 May 2017 08:45am EDT 

May 2 (Reuters) - EXFO Inc : :EXFO streamlines monitoring solutions portfolio.EXFO Inc - staff reductions related to this product line and varied go-to-market adjustments will affect approximately 5pct of EXFO'S global workforce.EXFO Inc - EXFO will significantly reduce investments in passive wireless monitoring which represented less than 5pct of total sales.EXFO Inc - company will also incur one-time restructuring costs of US$4.0 million in Q3 of 2017.EXFO Inc - following restructuring, which should be completed in Q4 of fiscal 2017, EXFO intends to benefit from annual cost savings of US$8.0 million.EXFO Inc says co has streamlined its monitoring solutions portfolio to focus on testing, active service assurance, fiber monitoring and analytics.  Full Article

EXFO appoints Philippe Morin as CEO
Wednesday, 29 Mar 2017 05:49pm EDT 

EXFO Inc : EXFO announces CEO transition . Founder Germain Lamonde appoints Philippe Morin as new CEO . has appointed Philippe Morin as EXFO's new CEO, effective April 1, 2017 .Lamonde will become EXFO's executive chairman.  Full Article

EXFO reports Q2 sales of $60 million
Wednesday, 29 Mar 2017 04:08pm EDT 

EXFO Inc : EXFO reports second-quarter results for fiscal 2017 . Q2 earnings per share $0.02 . Q2 sales $60 million versus I/B/E/S view $60.6 million . Q2 earnings per share view $0.06 -- Thomson Reuters I/B/E/S . Sees Q3 2017 sales $58 million to $63 million . EXFO Inc - Bookings attained US$55.9 million in Q2 of fiscal 2017 compared to US$59.7 million in same period last year .Sees Q3 IFRS net results to range between a loss of US$0.02 per share and earnings of US$0.02 per share.  Full Article

Exfo acquires Ontology Systems
Thursday, 2 Mar 2017 01:04am EST 

Exfo Inc : Exfo acquires Ontology Systems . Acquired privately held Ontology Systems for a total consideration of US$7.6 million, net of cash .Acquisition is expected to be neutral to Exfo's adjusted EBITDA in fiscal 2017 and accretive thereafter..  Full Article

EXFO Q1 earnings per share $0.06
Tuesday, 10 Jan 2017 04:07pm EST 

EXFO Inc : EXFO reports first-quarter results for fiscal 2017 . Q1 earnings per share $0.06 . Q1 sales $61.8 million versus I/B/E/S view $60.9 million . Q1 earnings per share view $0.04 -- Thomson Reuters I/B/E/S . Sees Q2 2017 sales $58 million to $63 million . EXFO Inc qtrly bookings rise 12.6% year-over-year to us$65.9 million . EXFO Inc says remain fully confident about achieving our adjusted ebitda goal of us$26 million in 2017 . For q2 2017, IFRS net results are expected to range between a loss of us$0.01 per share and earnings of us$0.03 per share .Q2 revenue view $58.8 million -- Thomson Reuters I/B/E/S.  Full Article

EXFO files amended annual report for fiscal 2016
Monday, 9 Jan 2017 10:36pm EST 

EXFO Inc : Amended management's annual report on internal control over financial reporting and sarbanes-oxley certifications from CEO and CFO . No material impact on previous three years' consolidated financial statements . EXFO-Management identified material weakness in internal control over financial reporting,resulting in improper aging of trade accounts receivable ledger . EXFO - co's CEO and chief financial officer have concluded that internal controls over financial reporting were not effective as of Aug 31, 2016 .EXFO Inc - improper aging of trade accounts receivable ledger led to incorrect assessment of bad debt expense against a single trade account receivable.  Full Article

EXFO acquires optical RF Test Technology from Absolute Analysis
Monday, 31 Oct 2016 05:30pm EDT 

EXFO Inc : EXFO Inc - Cash and stock transaction is valued at approximately us$8.25 million . EXFO Inc - No material impact from acquisition is expected for EXFO's Q1 of fiscal 2017 ending on November 30, 2016 . EXFO Inc - Deal includes us$5 million in cash and remaining amount in EXFO shares . Has acquired majority of assets of absolute analysis inc .EXFO acquires optical RF Test Technology from Absolute Analysis.  Full Article

Exfo posts Q3 earnings per share $0.02
Wednesday, 29 Jun 2016 04:12pm EDT 

Exfo Inc : Exfo reports third quarter results for fiscal 2016 . Q3 earnings per share $0.02 . Q3 sales $60.9 million versus i/b/e/s view $60.9 million . Q3 earnings per share view $0.06 -- Thomson Reuters I/B/E/S . Sees Q4 2016 sales $57 million to $62 million . Says bookings attained US$59.7 mln in Q3 of fiscal 2016 for a book-to-bill ratio of 0.98 compared to US$59.2 million in same period last year . Q4 earnings per share view $0.06, revenue view $60.8 million -- Thomson Reuters I/B/E/S .Exfo Inc sees Q4 IFRS net results to range between a loss of US$0.01 per share and earnings of US$0.03 per share.  Full Article

BRIEF-EXFO in exclusive negotiations to buy Yenista Optics

* EXFO in exclusive negotiations to acquire Yenista Optics Source text for Eikon: Further company coverage: