U.S. Markets closed

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

Zacks Equity Research
The Lifetouch and Business Solutions segments' robust performances drive Shutterfly's (SFLY) top line in first-quarter 2019.

As of late, it has definitely been a great time to be an investor in EXFO Inc. EXFO. The stock has moved higher by 23.6% in the past month, while it is also above its 20 Day SMA too. This combination of strong price performance and favorable technical, could suggest that the stock may be on the right path.

We certainly think that this might be the case, particularly if you consider EXFO’s recent earnings estimate revision activity. From this look, the company’s future is quite favorable; as EXFO has earned itself a Zacks Rank #1 (Strong Buy), meaning that its recent run may continue for a bit longer, and that this isn’t the top for the in-focus company. You can see the complete list of today’s Zacks #1 Rank stocks here.

Radical New Technology Creates $12.3 Trillion Opportunity

Imagine buying Microsoft stock in the early days of personal computers… or Motorola after it released the world’s first cell phone. These technologies changed our lives and created massive profits for investors.

Today, we’re on the brink of the next quantum leap in technology. 7 innovative companies are leading this “4th Industrial Revolution” - and early investors stand to earn the biggest profits.

See the 7 breakthrough stocks now>>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
EXFO Inc (EXFO) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.