It's important to remember that there are multiple definitions of success out there. Some companies have very successful products, but that doesn't always translate into impressive financial results or outsized
stock market performance. Although
EXFO (Nasdaq:
EXFO) has been quite successful in terms of market and technology leadership in the communications testing business, management has never really translated that success into impressive financial results.
More of the same in Fiscal Second Quarter
Performance has been tough at EXFO for a while now, as major carriers like
Verizon (NYSE:
VZ) and
AT&T (NYSE:
T) delay
capital spending on their networks. Although EXFO had established a recent string of squeaking by the quarterly expectations but lowering
forward looking numbers, this
quarter featured both a miss and yet another takedown of
guidance.
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http://stocks.investopedia.com/stock-analysis/2012/EXFO-Testing-Patience-EXFO-JDSU-A-T-VZ0330.aspx
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