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NASDAQ:FAROFARO Technologies Stock Price, Forecast & News

$60.89
+0.88 (+1.47 %)
(As of 08/12/2020 04:00 PM ET)
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Today's Range
$60.29
Now: $60.89
$61.35
50-Day Range
$49.45
MA: $55.34
$62.00
52-Week Range
$35.15
Now: $60.89
$64.99
Volume108,500 shs
Average Volume116,858 shs
Market Capitalization$1.08 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.56
FARO Technologies, Inc. designs, develops, manufactures, markets, and supports software driven three-dimensional (3D) measurement and imaging solutions. It operates through three segments: 3D Manufacturing, Construction BIM, and Emerging Verticals. The company offers FaroArm, a combination of a portable articulated measurement arm, a computer, and CAM2 software programs; and FARO ScanArm, a FaroArm equipped with a hard probe and non-contact laser line probe to measure products. It also provides FARO Design ScanArm 2.5C, a portable lightweight 3D ScanArm; FARO Prizm, a full-color laser line probe with 3D design and modeling software; FARO Laser Tracker that combines a portable laser measurement tool, a computer, and CAM2 software programs; FARO Cobalt Array Imager, a metrology-grade structured light imager; FARO Tracer, which projects a laser line onto a surface or object; and FARO Focus laser scanner to measure and collect a cloud of data points. In addition, the company offers FARO Scanner Freestyle3DX, a handheld scanner that documents rooms, structures, and objects in 3D, as well as creates high-definition point clouds; FARO ScanPlan, a handheld mapper that captures 2D floor plans; FARO Digi-Cube, a digital auto-controlled scan head for integration into various laser scanning products; and FARO Software, a proprietary computer-aided design-based measurement and laser scanner software. FARO Technologies, Inc. offers its products for manufacturing, industrial, architecture, surveying, building information modeling, construction, public safety forensics, cultural heritage, dental, and other applications. The company sells its products in Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Malaysia, Mexico, the Netherlands, Poland, Portugal, Singapore, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, the United Kingdom, and the United States. FARO Technologies, Inc. was founded in 1981 and is headquartered in Lake Mary, Florida.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.1Community Rank: 2.4Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.03 out of 5 stars


Industry, Sector and Symbol

Industry Measuring & controlling devices, not elsewhere classified
Sub-IndustryElectronic Equipment & Instruments
Current SymbolNASDAQ:FARO
CUSIP31164210
Phone407-333-9911

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$381.77 million
Cash Flow$1.72 per share
Book Value$19.08 per share

Profitability

Net Income$-62,150,000.00

Miscellaneous

Employees1,818
Market Cap$1.08 billion
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$60.89
+0.88 (+1.47 %)
(As of 08/12/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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FARO Technologies (NASDAQ:FARO) Frequently Asked Questions

How has FARO Technologies' stock price been impacted by COVID-19?

FARO Technologies' stock was trading at $49.62 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, FARO shares have increased by 22.7% and is now trading at $60.89.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of FARO Technologies?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for FARO Technologies in the last year. There are currently 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for FARO Technologies
.

When is FARO Technologies' next earnings date?

FARO Technologies is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for FARO Technologies
.

How were FARO Technologies' earnings last quarter?

FARO Technologies, Inc. (NASDAQ:FARO) announced its quarterly earnings data on Tuesday, August, 4th. The scientific and technical instruments company reported ($0.36) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.13) by $0.23. The scientific and technical instruments company earned $60.56 million during the quarter, compared to analysts' expectations of $69.64 million. FARO Technologies had a negative return on equity of 1.16% and a negative net margin of 23.80%.
View FARO Technologies' earnings history
.

What price target have analysts set for FARO?

4 brokerages have issued 1 year price objectives for FARO Technologies' shares. Their forecasts range from $50.00 to $70.00. On average, they anticipate FARO Technologies' stock price to reach $60.00 in the next year. This suggests that the stock has a possible downside of 1.5%.
View analysts' price targets for FARO Technologies
.

Has FARO Technologies been receiving favorable news coverage?

Media coverage about FARO stock has been trending extremely negative this week, according to InfoTrie Sentiment. The research group identifies negative and positive press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. FARO Technologies earned a media sentiment score of -4.1 on InfoTrie's scale. They also assigned news coverage about the scientific and technical instruments company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the near term.
View the latest news about FARO Technologies
.

Who are some of FARO Technologies' key competitors?

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), Baidu (BIDU), Marvell Technology Group (MRVL), Crispr Therapeutics (CRSP), Niu Technologies (NIU), ON Semiconductor (ON), IMPINJ (PI), Alibaba Group (BABA), Baozun (BZUN) and Fulgent Genetics (FLGT).

Who are FARO Technologies' key executives?

FARO Technologies' management team includes the following people:
  • Dr. Simon Raab, Co-Founder, CEO, Pres & Director (Age 66)
  • Mr. Robert E. Seidel Jr., Chief Financial Officer (Age 44)
  • Ms. Kathleen J. Hall, Chief Operating Officer (Age 58)
  • Mr. Jody S. Gale, Sr. VP, Gen. Counsel & Corp. Sec. (Age 44)
  • Ms. Katrona Tyrrell, Chief People Officer (Age 56)

What is FARO Technologies' stock symbol?

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

Who are FARO Technologies' major shareholders?

FARO Technologies' stock is owned by many different retail and institutional investors. Top institutional investors include Paradice Investment Management LLC (4.82%), Goldman Sachs Group Inc. (3.10%), Vident Investment Advisory LLC (1.22%), Vident Investment Advisory LLC (1.22%), Bank of New York Mellon Corp (1.03%) and Principal Financial Group Inc. (0.75%). Company insiders that own FARO Technologies stock include John Donofrio, Kathleen Hall and Simon Raab.
View institutional ownership trends for FARO Technologies
.

Which major investors are selling FARO Technologies stock?

FARO stock was sold by a variety of institutional investors in the last quarter, including Paradice Investment Management LLC, Goldman Sachs Group Inc., SG Americas Securities LLC, Fisher Asset Management LLC, UBS Group AG, Texas Permanent School Fund, and New York State Teachers Retirement System.
View insider buying and selling activity for FARO Technologies
.

Which major investors are buying FARO Technologies stock?

FARO stock was bought by a variety of institutional investors in the last quarter, including Confluence Investment Management LLC, Vident Investment Advisory LLC, Vident Investment Advisory LLC, First Trust Advisors LP, Prudential Financial Inc., Eos Focused Equity Management L.P., Assenagon Asset Management S.A., and Strs Ohio.
View insider buying and selling activity for FARO Technologies
.

How do I buy shares of FARO Technologies?

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

What is FARO Technologies' stock price today?

One share of FARO stock can currently be purchased for approximately $60.89.

How big of a company is FARO Technologies?

FARO Technologies has a market capitalization of $1.08 billion and generates $381.77 million in revenue each year. The scientific and technical instruments company earns $-62,150,000.00 in net income (profit) each year or $0.65 on an earnings per share basis. FARO Technologies employs 1,818 workers across the globe.

What is FARO Technologies' official website?

The official website for FARO Technologies is www.faro.com.

How can I contact FARO Technologies?

FARO Technologies' mailing address is 250 TECHNOLOGY PARK, LAKE MARY FL, 32746. The scientific and technical instruments company can be reached via phone at 407-333-9911 or via email at [email protected]

This page was last updated on 8/13/2020 by MarketBeat.com Staff

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