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NASDAQ:FARO

FARO Technologies (FARO) Stock Forecast, Price & News

$15.38
+0.25 (+1.65%)
(As of 03:21 PM ET)
Compare
Today's Range
$15.23
▼
$15.50
50-Day Range
$14.77
▼
$19.36
52-Week Range
$10.30
▼
$36.74
Volume
59,958 shs
Average Volume
255,821 shs
Market Capitalization
$291.45 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$22.33
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

FARO Technologies MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
46.1% Upside
$22.33 Price Target
Short Interest
Healthy
4.25% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.04
Upright™ Environmental Score
News Sentiment
0.10mentions of FARO Technologies in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.11 out of 5 stars

Computer And Technology Sector

374th out of 599 stocks

Measuring & Controlling Devices, Not Elsewhere Classified Industry

5th out of 8 stocks

See Top Rated MarketRank™ Stocks Here

FARO stock logo

About FARO Technologies (NASDAQ:FARO) Stock

FARO Technologies, Inc. designs, develops, manufactures, markets, and supports software driven three-dimensional measurement, imaging, and realization solutions in North America, South America, Europe, the Middle East, Africa, and the Asia-Pacific. It offers FaroArm, a combination of a portable articulated measurement arm, a computer, and CAM2 software programs; FARO Laser Tracker, a combination of a portable large-volume laser measurement tool, a computer, and CAM2 software programs; FARO Laser Projector, which provides a virtual template that operators and assemblers can use to quickly and accurate position components; and FARO Laser Scanning Portfolio to measure and collect a cloud of data points. The company also provides GeoSLAM ZEB Handheld 3D laser scanners; and FARO Software, a software solution that integrate with FARO hardware products to merge data and provide collaborative workflows and applications. It offers its products for metrology, reverse engineering, factory automation, building information modeling, public safety, and other applications. The company was founded in 1981 and is headquartered in Lake Mary, Florida.

FARO Price History

FARO Stock News Headlines

September 29, 2023 | uk.news.yahoo.com
China's Huawei sets up commodities hedging team in Singapore, Hong Kong
September 23, 2023 | bbc.co.uk
Holiday illness toddler stuck in Portugal amid insurance delay
September 29, 2023 | Behind the Markets (Ad)
[BREAKING] New "Living Missile" to Replace Nuclear Missiles
CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!
September 22, 2023 | msn.com
Elizabethton police 3D scanner to aid in criminal investigations
August 29, 2023 | msn.com
How a new 3D scanner could help Pueblo law enforcement prove cases in court
August 29, 2023 | msn.com
FARO Technologies: Weak And Uninspiring
August 23, 2023 | markets.businessinsider.com
Analysts Conflicted on These Technology Names: Rimini Street (RMNI), Faro Technologies (FARO) and Emcore (EMKR)
August 22, 2023 | finance.yahoo.com
FARO Presents Inaugural Conference, Signals: Illuminating the Future of Reality Capture Technology
September 29, 2023 | Behind the Markets (Ad)
Laser breakthrough could send stock soaring 2,467%
Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...
August 21, 2023 | finance.yahoo.com
Calculating The Fair Value Of FARO Technologies, Inc. (NASDAQ:FARO)
August 14, 2023 | finance.yahoo.com
LiDAR Market to Worth USD 7.94 Billion by 2030 | With Striking 19.3% CAGR
August 5, 2023 | finance.yahoo.com
What Is FARO Technologies, Inc.'s (NASDAQ:FARO) Share Price Doing?
August 3, 2023 | msn.com
FARO Technologies Non-GAAP EPS of -$0.14 beats by $0.26, revenue of $88.2M beats by $6.64M
August 3, 2023 | msn.com
Craig-Hallum Upgrades Faro Technologies (FARO)
August 3, 2023 | finance.yahoo.com
FARO Reports Inducement Grant Under Nasdaq Listing Rules
August 1, 2023 | markets.businessinsider.com
Craig-Hallum Reaffirms Their Hold Rating on Faro Technologies (FARO)
July 26, 2023 | uk.style.yahoo.com
Three Sixty focuses on technology at open day in Chichester
July 26, 2023 | markets.businessinsider.com
Sprout Social (SPT) Receives a Buy from Berenberg Bank
July 20, 2023 | finance.yahoo.com
FARO to Announce Financial Results for the Second Quarter 2023 on August 2, 2023
June 29, 2023 | msn.com
FARO Technologies picks Peter Lau for president and CEO post
June 29, 2023 | marketwatch.com
Faro Technologies Taps Peter Lau as Permanent CEO
June 29, 2023 | markets.businessinsider.com
FARO Tech Appoints Peter Lau As President And CEO
June 29, 2023 | finance.yahoo.com
FARO Technologies Appoints Peter Lau as President and Chief Executive Officer
June 28, 2023 | msn.com
New Vespa Gtv - Vespa style has never been so sporty
June 25, 2023 | finance.yahoo.com
LiDAR Market Worth USD 5.82 billion, at a CAGR of 22.10% by 2030 - Market Research Future (MRFR)
June 14, 2023 | msn.com
GI City Council approves new technology for GIPD
June 13, 2023 | finance.yahoo.com
Light Detection and Ranging (LiDAR) Market to Worth USD 6.71 Billion by 2026 | At a CAGR of 22.7%
See More Headlines
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FARO Company Calendar

Last Earnings
8/02/2023
Today
9/29/2023
Next Earnings (Estimated)
11/01/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Measuring & controlling devices, not elsewhere classified
Sub-Industry
Electronic Equipment & Instruments
Sector
Computer and Technology
Current Symbol
NASDAQ:FARO
CUSIP
31164210
CIK
917491
Web
www.faro.com
Phone
(407) 333-9911
Fax
407-333-4181
Employees
1,490
Year Founded
1981

Price Target and Rating

Average Stock Price Forecast
$22.33
High Stock Price Forecast
$26.00
Low Stock Price Forecast
$20.00
Forecasted Upside/Downside
+46.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($3.07)
Trailing P/E Ratio
N/A
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$-26,760,000.00
Net Margins
-15.98%
Pretax Margin
-14.69%
Return on Equity
-19.66%
Return on Assets
-11.88%

Debt

Debt-to-Equity Ratio
0.27
Current Ratio
2.38
Quick Ratio
2.00

Sales & Book Value

Annual Sales
$345.77 million
Price / Sales
0.84
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$16.56 per share
Price / Book
0.92

Miscellaneous

Outstanding Shares
18,950,000
Free Float
18,761,000
Market Cap
$289.75 million
Optionable
Optionable
Beta
1.29

Social Links

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Key Executives

  • Mr. Yuval Wasserman (Age 68)
    Exec. Chairman
    Comp: $114.9k
  • Mr. Allen L. Muhich (Age 56)
    Chief Financial Officer
    Comp: $395.51k
  • Mr. Jeffrey D. Sexton (Age 61)
    Sr. VP of Sales
    Comp: $294.77k
  • Mr. Peter James Lau (Age 43)
    CEO, Pres & Director
  • Mr. Jason Pollock
    Chief Operating Officer
  • Mr. Oliver Zweigle Ph.D.
    Sr. VP of Engineering & CTO
  • Ms. Melanie Stagnitti
    VP & Chief HR Officer
  • Mr. Patrick Bohle
    Pres of Building Insights
  • Ms. Arianne Boyer
    VP & Chief Transformation Officer
  • Mr. Wesley Tilley
    VP & Chief Digital Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













FARO Stock - Frequently Asked Questions

Should I buy or sell FARO Technologies stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for FARO Technologies in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" FARO shares.
View FARO analyst ratings or view top-rated stocks.

What is FARO Technologies' stock price forecast for 2023?

2 brokerages have issued 1 year price targets for FARO Technologies' shares. Their FARO share price forecasts range from $20.00 to $26.00. On average, they anticipate the company's stock price to reach $22.33 in the next year. This suggests a possible upside of 46.1% from the stock's current price.
View analysts price targets for FARO or view top-rated stocks among Wall Street analysts.

How have FARO shares performed in 2023?

FARO Technologies' stock was trading at $29.41 at the beginning of 2023. Since then, FARO shares have decreased by 48.0% and is now trading at $15.29.
View the best growth stocks for 2023 here.

Are investors shorting FARO Technologies?

FARO Technologies saw a decrease in short interest in the month of September. As of September 15th, there was short interest totaling 806,300 shares, a decrease of 7.4% from the August 31st total of 870,300 shares. Based on an average daily trading volume, of 202,900 shares, the days-to-cover ratio is currently 4.0 days.
View FARO Technologies' Short Interest.

When is FARO Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our FARO earnings forecast.

How were FARO Technologies' earnings last quarter?

FARO Technologies, Inc. (NASDAQ:FARO) released its earnings results on Wednesday, August, 2nd. The scientific and technical instruments company reported ($1.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.47) by $0.02. The scientific and technical instruments company had revenue of $88.21 million for the quarter. FARO Technologies had a negative trailing twelve-month return on equity of 19.66% and a negative net margin of 15.98%.

What ETFs hold FARO Technologies' stock?

ETFs with the largest weight of FARO Technologies (NASDAQ:FARO) stock in their portfolio include ProShares S&P Kensho Smart Factories ETF (MAKX), 3D Printing ETF (PRNT), Pacer BlueStar Engineering the Future ETF (BULD), ALPS Disruptive Technologies ETF (DTEC), First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT) and SPDR S&P Kensho New Economies Composite ETF (KOMP).Global X Robotics & Artificial Intelligence Thematic ETF (BOTZ).

What guidance has FARO Technologies issued on next quarter's earnings?

FARO Technologies issued an update on its third quarter 2023 earnings guidance on Wednesday, August, 2nd. The company provided earnings per share (EPS) guidance of -$0.35--$0.10 for the period, compared to the consensus EPS estimate of -$0.24. The company issued revenue guidance of $76.00 million-$84.00 million, compared to the consensus revenue estimate of $82.26 million.

What is Michael D. Burger's approval rating as FARO Technologies' CEO?

29 employees have rated FARO Technologies Chief Executive Officer Michael D. Burger on Glassdoor.com. Michael D. Burger has an approval rating of 35% among the company's employees. This puts Michael D. Burger in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of FARO Technologies own?

Based on aggregate information from My MarketBeat watchlists, some companies that other FARO Technologies investors own include NVIDIA (NVDA), Marvell Technology (MRVL), Baidu (BIDU), ON Semiconductor (ON), Ambarella (AMBA), Inseego (INSG), Niu Technologies (NIU), Impinj (PI), Intuitive Surgical (ISRG) and JD.com (JD).

What is FARO Technologies' stock symbol?

FARO Technologies trades on the NASDAQ under the ticker symbol "FARO."

How do I buy shares of FARO Technologies?

Shares of FARO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is FARO Technologies' stock price today?

One share of FARO stock can currently be purchased for approximately $15.29.

How much money does FARO Technologies make?

FARO Technologies (NASDAQ:FARO) has a market capitalization of $289.75 million and generates $345.77 million in revenue each year. The scientific and technical instruments company earns $-26,760,000.00 in net income (profit) each year or ($3.07) on an earnings per share basis.

How many employees does FARO Technologies have?

The company employs 1,490 workers across the globe.

Does FARO Technologies have any subsidiaries?
The following companies are subsidiares of FARO Technologies: 3D Measurement Technologies S de RL de CV, ARAS 360 Technologies, ATS, ATS China Ltd., ATS Real Reality AB, Advanced Technical Solutions in Scandinavia AB, Antares-Desenvolvimento de Software Lda., Bitstars GmbH, BuildIT Software & Solutions, CATS Computer Aided Technologies GmbH, Cam2 SRL, Dustin Forensics, FARO Benelux BV, FARO Business Technologies India Pvt. Ltd, FARO Cayman LP, FARO Cayman Ltd, FARO Delaware LLC, FARO Europe GmbH, FARO FHN Netherlands Holdings BV, FARO International (Shanghai) Co. Ltd, FARO Japan Inc., FARO Singapore Pte Ltd, FARO Spain SLU, FARO Swiss Holding GmbH, FARO Swiss Manufacturing GmbH, FARO Technologies (Thailand) Ltd, FARO Technologies Canada Inc., FARO Technologies UK Ltd., FARO Technologies do Brasil Ltda, FARO Technology Polska sp.zo.o, FARO Turkey Olcu Sistemleri Ltd. Sti, GeoSLAM, HoloBuilder, Holobuilder Inc., Kubit, Lanmark, Laser Control Systems Limited, Laser Control Systems Limited., Laser Projection Tech, Nutfield, OOO FARO RUS, Open Technologies SRL, Open Technologies SRL, Opto-Tech Srl, Photocore AG, Photocore AG, SiteScape, SpatialMetrix, iQvolution, and mwf-technology GmbH.
Read More
How can I contact FARO Technologies?

FARO Technologies' mailing address is 250 TECHNOLOGY PARK, LAKE MARY FL, 32746. The official website for the company is www.faro.com. The scientific and technical instruments company can be reached via phone at (407) 333-9911, via email at bob.seidel@faro.com, or via fax at 407-333-4181.

This page (NASDAQ:FARO) was last updated on 9/29/2023 by MarketBeat.com Staff

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