EXFO

EXFO is a provider of test and monitoring solutions for network service providers and equipment manufacturers in the global telecommunications industry. The Telecom Division offers a wide range of innovative solutions extending across the full technology lifecycle — from design to technology deployment and onto service assurance — and covering all layers on a network infrastructure to enable triple-play services and next-generation, converged IP networking. The Life Sciences and Industrial Division offers solutions in medical device and opto-electronics assembly, fluorescence microscopy and other life science sectors.

The tech company is getting bought out by its founder at a huge premium.

Why EXFO Stock Skyrocketed on Monday

EXFO Inc's (NASDAQ: EXFO) founder and majority shareholder, Germain Lamonde, has inked an agreement to acquire the remaining subordinate voting shares of EXFO for $6 per share via 11172239 Canada Inc. The purchase price signifies a 62% premium to the Friday closing price of $3.70.

EXFO Goes Private After Majority Shareholder Acquires Remaining Shares at 62% Premium

The stock price of Exfo Inc (NASDAQ: EXFO) increased by over 60% during intraday trading. This is why it happened.

EXFO Stock Price: Over 60% Increase Explanation

EXFO Shareholders to receive US $6.00 in cash QUÉBEC CITY, June 7, 2021 /PRNewswire/ - EXFO Inc. (TSX: EXF) (NASDAQ: EXFO) ("EXFO" or the "Corporation") announced today that it has entered into an arrangement agreement (the "Arrangement Agreement") pursuant to which 11172239 Canada Inc. ("PurchaseCo"), a corporation controlled by Germain Lamonde, EXFO's founder and majority shareholder, will acquire all of the issued and outstanding subordinate voting shares of the Corporation (the "Subordinate Voting Shares"), except for 3,672,474 Subordinate Voting Shares (the "Excluded Shares") already controlled, directly or indirectly, by Germain Lamonde (the "Arrangement"). As of June 7, 2021, Germain Lamonde controls, directly or indirectly, the Excluded Shares and 31,643,000 multiple voting shares of the Corporation (the "Multiple Voting Shares"), representing 14.22% of the issued and outstanding Subordinate Voting Shares, and 100% of the issued and outstanding Multiple Voting Shares and, respectively, representing collectively 61.46% of the issued and outstanding shares of the Corporation (the "Shares") and 93.53% of the voting rights attached to all the issued and outstanding Shares.

EXFO announces going-private transaction by its Founder and Majority Shareholder, Germain Lamonde

Making RF testing of 4G/LTE and 5G networks simpler and faster QUEBEC CITY, May 19, 2021 /PRNewswire/ - EXFO Inc. (NASDAQ: EXFO) (TSX: EXF), the communications industry's test, monitoring and analytics experts, today introduced the 5GPro Spectrum Analyzer, the only modular, field-focused radio frequency (RF) testing solution providing accurate visibility into 4G/LTE and 5G NR environments with the ability to analyze FR1(sub-6 GHz) and FR2 (mmWave) bands using a single, field-upgradeable solution.   Mobile network operators need to support and maintain new 5G deployments as well as existing 4G/LTE installations.

EXFO delivers industry's first modular, portable 5G RF spectrum analyzer

EXFO Inc. (EXFO) CEO Philippe Morin on Q2 2021 Results - Earnings Call Transcript

Exfo (EXFO) delivered earnings and revenue surprises of -80.00% and -2.39%, respectively, for the quarter ended February 2021. Do the numbers hold clues to what lies ahead for the stock?

Exfo (EXFO) Q2 Earnings and Revenues Lag Estimates

Shares of EXFO (NASDAQ:EXFO) decreased in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share were up 75.00% year over year to ($0.04), which missed the estimate of $0.04.

EXFO: Q2 Earnings Insights

Sales reached US$69.3 million Bookings attained US$79.3 million, up 8.9% year-over-year IFRS net loss totaled US$2.4 million Adjusted EBITDA amounted to US$3.4 million QUEBEC CITY, April 7, 2021 /PRNewswire/ - EXFO Inc. (NASDAQ: EXFO) (TSX: EXF), the communications industry's test, monitoring and analytics experts, reported today financial results for the second quarter ended February 28, 2021. "EXFO delivered another solid performance in the second quarter of 2021, marked by a robust book-to-bill ratio of 1.15 and healthy cash flows from operations of US$14.7 million," said EXFO's CEO Philippe Morin.

EXFO reports second quarter results for fiscal 2021

On Wednesday, April 07, EXFO (NASDAQ:EXFO) will report its last quarter's earnings. Here is Benzinga's preview of the company's release.

Earnings Outlook For EXFO

Exfo (EXFO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Exfo (EXFO) Reports Next Week: Wall Street Expects Earnings Growth

QUÉBEC, March 18, 2021 /PRNewswire/ - EXFO Inc. (NASDAQ: EXFO) (TSX: EXF) announced today the company will release second quarter financial results for fiscal 2021 after the close of stock markets on April 7, 2021. The news release will be followed by a conference call at 5 p.m.

EXFO Investor Advisory - Second Quarter Results for Fiscal 2021

As of late, it has definitely been a great time to be an investor in EXFO Inc. (EXFO).

EXFO Inc.'s (EXFO) Shares March Higher, Can It Continue?

Exfo (EXFO) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Earnings Estimates Moving Higher for Exfo (EXFO): Time to Buy?

EXFO Inc. (EXFO) CEO Philippe Morin on Q1 2021 Results - Earnings Call Transcript

Exfo (EXFO) delivered earnings and revenue surprises of 150.00% and 3.27%, respectively, for the quarter ended November 2020. Do the numbers hold clues to what lies ahead for the stock?

Exfo (EXFO) Tops Q1 Earnings and Revenue Estimates

QUEBEC CITY, Jan. 12, 2021 /PRNewswire/ - EXFO Inc. (NASDAQ: EXFO) (TSX: EXF) announced today that its Board of Directors has authorized the renewal of its share repurchase program, by way of a normal course issuer bid ("NCIB") on the open market, of up to approximately 2.9% (600,000...

EXFO Renews Normal Course Issuer Bid

Shares of EXFO (NASDAQ:EXFO) rose 12.85% in after-market trading after the company reported Q1 results. Quarterly Results Earnings per share rose 0.00% year over year to $0.06, which beat the estimate of $0.03.

Recap: EXFO Q1 Earnings

Sales reached US$71.5 million Bookings attained US$69.0 million IFRS net earnings totaled US$3.6 million, US$0.06 per share Adjusted EBITDA amounted to US$9.9 million, 13.9% of sales QUEBEC CITY, Jan. 12, 2021 /PRNewswire/ - EXFO Inc. (NASDAQ: EXFO) (TSX: EXF), the communications...

EXFO reports first quarter results for fiscal 2021

Openreach to deploy permanent Full Fibre monitoring technology to help deliver ultrafast and ultra-reliable broadband to millions of UK homes and businesses. LONDON, UK, Jan. 7, 2021 /PRNewswire/ - EXFO Inc. (NASDAQ: EXFO) (TSX: EXF), the communications industry's test, monitoring and...

EXFO partners with Openreach for ground-breaking Full Fibre initiative

Earnings Preview: Exfo (EXFO) Q1 Earnings Expected to Decline

Expands footprint in high-growth 400G/800G lab and manufacturing test markets QUEBEC CITY, Dec. 31, 2020 /PRNewswire/ - EXFO Inc. (NASDAQ: EXFO) (TSX: EXF) announced today the closing of the acquisition of InOpticals Inc., a technology leader offering ultra-high-speed test instruments for...

EXFO closes acquisition of InOpticals Inc.

Industry-first solution brings new revenue opportunities, reduces churn, and differentiates QUEBEC CITY, Dec. 3, 2020 /PRNewswire/ - EXFO Inc. (NASDAQ: EXFO) (TSX: EXF), the communications industry's test, monitoring and analytics experts, today launched Nova Active over-the-top (OTT)...

EXFO solves video streaming problems for service providers

Combatting the #1 cause of network failures with best-in-class inspection QUEBEC CITY, Dec. 1, 2020 /PRNewswire/ - EXFO Inc. (NASDAQ: EXFO) (TSX: EXF), the communications industry's test, monitoring and analytics experts, today introduced a new fiber inspection scope designed to vastly...

EXFO launches fastest fiber inspection scope for optical connectors

EXFO Inc. (EXFO) CEO Philippe Morin on Q4 2020 Results - Earnings Call Transcript

News for EXFO Stock (EXFO)