Exfo Inc (EXFO) stock has fallen 4.87% over the past week and gets a Bearish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With EXFO Stock Today?
Exfo Inc (EXFO) stock has risen 3.43% while the S&P 500 is lower by -2.37% as of 2:45 PM on Thursday, Sep 24. EXFO is higher by $0.11 from the previous closing price of $3.21 on volume of 71,022 shares. Over the past year the S&P 500 is up 9.11% while EXFO is lower by -10.99%. EXFO lost -$0.11 per share in the over the last 12 months.
To see the top 5 stocks in the Communication Equipment industry click here.
More About Exfo Inc
EXFO Inc provides technology solutions for wireless and wireline network operators across the telecom industry. The company serves the communications service providers (CSPs) and data center, cloud and webscale operators with a field test, service assurance and analytics solutions, maintenance, and management of mobile networks. It offers test and service assurance solutions for 2G, 3G, and 4G/long-term evolution wireless networks. EXFO operates across the Americas where it generates the majority of its revenues, Europe, the Middle East and Africa (EMEA), and Asia-Pacific.
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