Media stories about FARO Technologies (NASDAQ:FARO) have trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. FARO Technologies earned a media sentiment score of 0.05 on Accern’s scale. Accern also gave media coverage about the scientific and technical instruments company an impact score of 45.1392333999119 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the news headlines that may have impacted Accern Sentiment’s scoring:

Several research analysts have recently weighed in on the company. Craig Hallum assumed coverage on FARO Technologies in a research note on Tuesday, June 27th. They set a “buy” rating and a $45.00 price target for the company. ValuEngine upgraded FARO Technologies from a “sell” rating to a “hold” rating in a research note on Friday, June 9th. Needham & Company LLC raised their target price on FARO Technologies from $37.00 to $39.00 and gave the stock a “buy” rating in a research note on Tuesday, May 30th. Noble Financial restated a “buy” rating on shares of FARO Technologies in a research note on Saturday, May 13th. Finally, Canaccord Genuity restated a “buy” rating on shares of FARO Technologies in a research note on Thursday, May 11th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. FARO Technologies currently has an average rating of “Buy” and an average price target of $40.25.

Shares of FARO Technologies (FARO) traded up 1.30% on Wednesday, reaching $38.90. The company’s stock had a trading volume of 35,304 shares. The company’s 50-day moving average is $37.30 and its 200 day moving average is $36.16. FARO Technologies has a 12-month low of $29.00 and a 12-month high of $40.15. The company has a market capitalization of $649.32 million, a price-to-earnings ratio of 99.74 and a beta of 1.30.

FARO Technologies (NASDAQ:FARO) last released its quarterly earnings results on Tuesday, May 9th. The scientific and technical instruments company reported ($0.09) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by $0.14. FARO Technologies had a net margin of 1.98% and a return on equity of 1.92%. The company had revenue of $81.60 million for the quarter, compared to the consensus estimate of $77.74 million. During the same period in the prior year, the firm posted $0.19 EPS. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. Equities analysts anticipate that FARO Technologies will post $0.51 earnings per share for the current fiscal year.

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About FARO Technologies

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.

Insider Buying and Selling by Quarter for FARO Technologies (NASDAQ:FARO)

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