This morning on Barchart I screened for stocks selling under $10 that were hitting the most frequent new highs in the last month and discovered EXFO (EXFO), a company that makes diagnostic and testing equipment for the electronics industry. I added it to the Barchart Van Meerten Speculative portfolio based on its price momentum and sales and earnings projections.
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EXFO designs, manufactures and markets test and service assurance solutions for wireless and wireline network operators, and equipment manufacturers in the telecommunications industry worldwide. Its products include AXS-200 SharpTESTER, a handheld test platform for characterizing residential and commercial access networks, FTB-1 Platform, a single-slot test solution built for network infrastructure construction and troubleshooting, and for fiber-to-the-home and Ethernet testing applications, and FTB-200 Compact Platform, a two-slot portable test unit for multi-technology and multi-application characterization of metro and access networks.
The company also offers the FTB-500 Platform, which provides network operators a way to perform various tests for installation, maintenance and troubleshooting applications; and IQS-600 Intelligent Test System that tests optical, and transport and data communications technologies based on Internet protocol. Its platforms and related test modules are supported by integrated and intuitive graphical user interfaces that enable the user to store, handle and retrieve test results and measurement data.
In addition, the company provides various handheld and benchtop test and measurement instruments. It serves network operators, cable television companies, public utilities, private network operators, third-party installers, equipment rental companies, enterprises, network equipment manufacturers, component vendors, laboratory researchers, universities, medical schools, governments, and private and industrial research laboratories, as well as printing equipment manufacturers through direct sales force and channel partners, such as sales representatives and distributors. The company was formerly known as EXFO Electro-Optical Engineering Inc. and changed its name to EXFO Inc. in February 2010. EXFO was founded in 1985 and is headquartered in Quebec, Canada. ( Yahoo Finance Profile)
