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RF Industries
(NASDAQ:RFIL)
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Rating:61Neutral
Price Target:
$7.50
▼(-29.18% Downside)
Action:Reiterated
Date:09/16/26
RFIL scores as moderately attractive primarily due to improving financial performance (return to profitability and strong free cash flow) and a very constructive earnings-call outlook (record results and stable-to-higher near-term sales guidance). These positives are meaningfully offset by weak technicals (price below all key moving averages with bearish MACD) and a relatively high P/E (~36.9) with no dividend yield data to provide valuation support.
Positive Factors
Revenue and Profit Growth
Record quarterly revenue and sharply higher operating income indicate stronger demand and improving operating leverage. If sustained, this combination can expand earnings capacity, support reinvestment in product development, and strengthen RF Industries’ position across its connectivity markets over the next several quarters.
Negative Factors
Thin Profitability and Uneven History
Although profitability has rebounded, the current net margin remains thin and the multi-year revenue pattern has been choppy. This leaves earnings more exposed to changes in demand and execution, and means further growth may not translate proportionally into durable bottom-line expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Profit Growth
Record quarterly revenue and sharply higher operating income indicate stronger demand and improving operating leverage. If sustained, this combination can expand earnings capacity, support reinvestment in product development, and strengthen RF Industries’ position across its connectivity markets over the next several quarters.
Read all positive factors
RF Industries Key Performance Indicators (KPIs)
Any
Revenue by Geography
Breaks down sales by region to highlight where RF Industries earns most of its revenue and where future growth is likely or at risk. Signals dependence on particular markets (domestic telecom, international OEMs, defense export), exposure to currency or trade issues, and which regions offer expansion opportunities or concentration risks.
Breaks down sales by region to highlight where RF Industries earns most of its revenue and where future growth is likely or at risk. Signals dependence on particular markets (domestic telecom, international OEMs, defense export), exposure to currency or trade issues, and which regions offer expansion opportunities or concentration risks.
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The Fly
The FlyRF Industries (RFIL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$83.42M
Dividend Yield2.03%
Average Volume (3M)223.04K
Price to Earnings (P/E)34.6
Beta (1Y)0.93
Revenue Growth13.04%
EPS GrowthN/A
CountryUS
Employees289
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)0.22
Shares Outstanding10,847,761
10 Day Avg. Volume201,121
30 Day Avg. Volume223,036
Financial Highlights & Ratios
PEG Ratio-11.05
Price to Book (P/B)2.37
Price to Sales (P/S)1.03
P/FCF Ratio19.17
Enterprise Value/Market Cap1.94
Enterprise Value/Revenue1.87
Enterprise Value/Gross Profit5.34
Enterprise Value/Ebitda26.94
Forecast
1Y Price Target
$14.50Price Target Upside36.92% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.88
Revenue Forecast (FY)$97.63M
RF Industries Business Overview & Revenue Model
Company Description
Headquartered in San Diego, California, RF Industries, Ltd., established in 1979 and formerly known as Celltronics, Inc. until 1990, is a global enterprise that develops, produces, and markets interconnect products and systems across the United St...
How the Company Makes Money
RF Industries makes money primarily by selling interconnect hardware and assemblies to customers that need reliable signal/data/power transmission within electronic systems. Its revenue model is largely product-based (with some solutions being eng...
RF Industries Earnings Call Summary
Earnings Call Date:Sep 14, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Jan 21, 2027
Earnings Call Sentiment Positive
The call was strongly positive, supported by record revenue, substantial profit and margin expansion, improved cash generation and net debt, broad-based segment contributions, strong demand, and an expectation that Q4 sales will be roughly the same as or above Q3. The main challenges were delayed small cell dollars, limited current-year contribution from NEMA 4 opportunities, a Q3 book-to-bill ratio below 1.0x, and largely flat carrier capital spending, but management described momentum in these areas and stronger contributions ahead.Positive Updates
Record Quarterly Revenue
Third-quarter revenue reached a record $24 million, up 21% year over year and 16% sequentially, establishing a new high watermark for RF Industries.
Negative Updates
Small Cell Revenue Delayed
The small cell market has remained difficult because of the predictability of deployments and technology-related factors. Management said the dollars delivered were behind what it expected at the beginning of the year, although the business began gaining momentum in Q3 and is expected to accelerate into Q4 and fiscal 2027.
Read all updates
Q3-2026 Updates
Positive
Negative
Record Quarterly Revenue
Third-quarter revenue reached a record $24 million, up 21% year over year and 16% sequentially, establishing a new high watermark for RF Industries.
Read all positive updates
Company Guidance
With what we know today, RF Industries expects sales in its current fiscal fourth quarter to be roughly the same or above its Q3 sales level of $24 million; management said the small cell market is picking up momentum into the fourth and certainly into next fiscal year, expects its DAC business to be north of $10 million in sales, and said NEMA 4 and related wireline edge data center, traditional telco, and edge AI deployments start to accelerate into fiscal 27, with not a huge material contribution this fiscal year but a much more material contribution from those customers. Management also said carrier CapEx on the wireless side is expected to be largely flat, while the company expects to reduce net debt to a level it views as immaterial relative to its balance sheet.RF Industries Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
68
Positive
Cash Flow
74
Positive
| Breakdown | TTM | Oct 2025 | Oct 2024 | Oct 2023 | Oct 2022 | Oct 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 86.31M | 80.59M | 64.86M | 72.17M | 85.25M | 57.42M |
| Gross Profit | 30.27M | 26.74M | 16.09M | 16.39M | 21.64M | 16.29M |
| EBITDA | 6.00M | 5.28M | -1.27M | -1.82M | 3.28M | 7.99M |
| Net Income | 2.44M | 75.00K | -6.60M | -3.08M | 1.45M | 6.18M |
Balance Sheet | ||||||
| Total Assets | 72.10M | 77.10M | 71.05M | 87.23M | 93.07M | 50.60M |
| Cash, Cash Equivalents and Short-Term Investments | 4.45M | 5.08M | 839.00K | 4.90M | 4.53M | 13.05M |
| Total Debt | 23.19M | 26.59M | 28.73M | 34.74M | 32.47M | 1.51M |
| Total Liabilities | 33.55M | 41.90M | 36.98M | 47.47M | 51.20M | 11.00M |
| Stockholders Equity | 38.55M | 35.20M | 34.07M | 39.76M | 41.87M | 39.60M |
Cash Flow | ||||||
| Free Cash Flow | 3.22M | 4.34M | 2.43M | 1.70M | 217.00K | -3.35M |
| Operating Cash Flow | 3.66M | 4.58M | 3.17M | 4.18M | 2.89M | -3.12M |
| Investing Cash Flow | -442.00K | -223.00K | -738.00K | -2.48M | -27.12M | -227.00K |
| Financing Cash Flow | -1.77M | -116.00K | -6.49M | -1.34M | 15.70M | 605.00K |
RF Industries Technical Analysis
Neutral
10.59
Price Trends
8.66
Negative
12.03
Negative
12.50
Negative
Market Momentum
-0.36
Negative
46.34
Neutral
89.61
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RFIL, the sentiment is Neutral. The current price of 10.59 is above the 20-day moving average (MA) of 7.65, above the 50-day MA of 8.66, and below the 200-day MA of 12.50, indicating a neutral trend. The MACD of -0.36 indicates Negative momentum. The RSI at 46.34 is Neutral, neither overbought nor oversold. The STOCH value of 89.61 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for RFIL.
RF Industries Risk Analysis
RF Industries disclosed 29 risk factors in its most recent earnings report. RF Industries reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
RF Industries Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $161.71M | 13.17 | 20.22% | 3.29% | 4.95% | 28.35% | |
67 Neutral | $260.28M | -39.01 | -4.95% | ― | 4.69% | -304.68% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | $83.42M | 34.56 | 6.69% | 2.03% | 13.04% | ― | |
55 Neutral | $98.40M | -5.91 | -14.94% | ― | 50.51% | -4669.05% | |
43 Neutral | $9.30M | -1.12 | -261.63% | ― | -36.58% | 5.31% | |
43 Neutral | $3.56M | -0.01 | -1565.55% | ― | -4.85% | 53.62% |
* Industrials Sector Average
RFIL
RF Industries
7.69
-0.06
-0.77%
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RF Industries Corporate Events
Executive/Board ChangesShareholder Meetings
RF Industries Shareholders Back Board, Pay and Auditor
Positive
Sep 16, 2026
On September 10, 2026, RF Industries, Ltd. held its Annual Meeting of Stockholders in Parsippany, New Jersey, with 8,266,608 shares, representing about 76.20% of outstanding common stock, present in person or by proxy. Stockholders voted on three ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.