FARO Technologies (FARO) Given Daily News Sentiment Score of 0.11
News articles about FARO Technologies (NASDAQ:FARO) have been trending somewhat positive on Monday, according to Accern Sentiment. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. FARO Technologies earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned news stories about the scientific and technical instruments company an impact score of 46.331765402075 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
FARO Technologies (NASDAQ FARO) opened at $47.70 on Monday. FARO Technologies has a one year low of $31.90 and a one year high of $54.40.
FARO Technologies (NASDAQ:FARO) last released its quarterly earnings data on Thursday, October 26th. The scientific and technical instruments company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.14. The firm had revenue of $90.25 million during the quarter, compared to analyst estimates of $89.34 million. FARO Technologies had a return on equity of 0.03% and a net margin of 0.03%. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.07 earnings per share. sell-side analysts predict that FARO Technologies will post 0.1 EPS for the current fiscal year.
FARO has been the subject of several recent research reports. Noble Financial reissued a “buy” rating on shares of FARO Technologies in a report on Friday, November 3rd. BidaskClub lowered FARO Technologies from a “hold” rating to a “sell” rating in a report on Saturday. Stifel Nicolaus boosted their price target on FARO Technologies from $33.00 to $46.00 and gave the company a “hold” rating in a report on Monday, October 30th. Craig Hallum set a $55.00 price objective on FARO Technologies and gave the stock a “buy” rating in a research note on Monday, October 30th. Finally, ValuEngine raised FARO Technologies from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $51.17.
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FARO Technologies Company Profile
FARO Technologies, Inc designs, develops, manufactures, markets and supports software driven, three-dimensional (3D) measurement, imaging and realization systems. The Company operates in three segments: Factory Metrology, Construction BIM-CIM and Other. It sells its products through a direct sales force across customers in a range of manufacturing, industrial, architecture, surveying, building construction and law enforcement applications.
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