EXFO (NASDAQ:EXFO) Should Capitalize on Network Deployment Trends

With network deployment trends continuing to expand, Canaccord believes EXFO (NASDAQ:EXFO) is positioned to capitalize on the growing market.

Canaccord says, "We remain optimistic about EXFO’s ability to capitalize on strong Next Generation network deployment trends (40/100G, FTTx, LTE, Backhaul) through share gain and market growth. This view is reinforced by our Telecom CapEx survey which highlights fiber and LTE network builds as key carrier priorities. With a more optimistic fiber deployment outlook, we are reiterating our rating and raise our PT."

Canaccord Genuity maintains a "Buy" rating on EXFO Inc. (EXFO), which closed Monday at $9.64, up $0.04, or 0.42 percent. Canaccord raised their price target on EXFO from $10 to $11.