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NASDAQ:FARO

FARO Technologies (FARO) Stock Price, News & Analysis

$18.71
+0.39 (+2.13%)
(As of 05:21 PM ET)
Today's Range
$18.17
$18.78
50-Day Range
$18.32
$23.41
52-Week Range
$10.30
$24.80
Volume
172,292 shs
Average Volume
220,145 shs
Market Capitalization
$354.91 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$24.67

FARO Technologies MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
31.8% Upside
$24.67 Price Target
Short Interest
Bearish
9.07% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.04
Upright™ Environmental Score
News Sentiment
0.04mentions of FARO Technologies in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$45,697 Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.25 out of 5 stars

Computer And Technology Sector

268th out of 582 stocks

Measuring & Controlling Devices, Not Elsewhere Classified Industry

4th out of 8 stocks

FARO stock logo

About FARO Technologies Stock (NASDAQ:FARO)

FARO Technologies, Inc. designs, develops, manufactures, markets, and supports software driven three-dimensional measurement, imaging, and realization solutions worldwide. The company 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 position components; FARO Laser Scanning Portfolio to measure and collect a cloud of data points for 3D rendering of an object or area; and FARO Mobile Laser Portfolio provides 3D scanning while attached to other mobile devices, such as drones for metrology, reverse engineering, factory automation, building information modeling, public safety, and other applications. It also provides FARO Software, a software solution that integrate with FARO hardware products to merge data and provide collaborative workflows and applications. It sells its products to automotive, aerospace, and metal and machine fabrication industries. FARO Technologies, Inc. was founded in 1981 and is headquartered in Lake Mary, Florida.

FARO Stock Price History

FARO Stock News Headlines

The “Perfect Storm” for Gold
Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.
Faro Technologies Inc
The “Perfect Storm” for Gold
Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.
FARO Apr 2024 20.000 put
Faro Technologies Inc.
Faro Technologies Earnings Preview
See More Headlines
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Company Calendar

Last Earnings
2/27/2024
Today
4/19/2024
Next Earnings (Estimated)
5/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Measuring & controlling devices, not elsewhere classified
Sub-Industry
Electronic Equipment & Instruments
Current Symbol
NASDAQ:FARO
CUSIP
31164210
Employees
1,243
Year Founded
1981

Price Target and Rating

Average Stock Price Target
$24.67
High Stock Price Target
$27.00
Low Stock Price Target
$21.00
Potential Upside/Downside
+34.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$-56,580,000.00
Pretax Margin
-15.07%

Debt

Sales & Book Value

Annual Sales
$358.83 million
Book Value
$14.17 per share

Miscellaneous

Free Float
18,779,000
Market Cap
$347.53 million
Optionable
Optionable
Beta
1.40

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Key Executives

  • Mr. Yuval Wasserman (Age 69)
    Executive Chairman
    Comp: $114.9k
  • Mr. Jeffrey D. Sexton (Age 62)
    Senior Vice President of Global Sales
    Comp: $294.77k
  • Mr. Peter James Lau (Age 44)
    CEO, President & Director
  • Mr. Matthew Horwath
    Senior VP & CFO
  • Mr. Jason Pollock
    Chief Operating Officer
  • Mr. Oliver Zweigle Ph.D.
    Senior VP of Engineering & CTO
  • Mr. Thomas O. McGimpsey J.D. (Age 62)
    Senior VP & General Counsel
  • Ms. Melanie Stagnitti
    VP & Chief Human Resources Officer
  • Ms. Arianne Boyer
    VP & Chief Transformation Officer
  • Ms. Shelley Gretlein
    Senior Vice President of Building Insights

FARO Stock Analysis - Frequently Asked Questions

Should I buy or sell FARO Technologies stock right now?

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

What is FARO Technologies' stock price target for 2024?

2 brokers have issued 1 year price targets for FARO Technologies' shares. Their FARO share price targets range from $21.00 to $27.00. On average, they expect the company's share price to reach $24.67 in the next twelve months. This suggests a possible upside of 31.8% 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 2024?

FARO Technologies' stock was trading at $22.53 at the beginning of 2024. Since then, FARO shares have decreased by 17.0% and is now trading at $18.71.
View the best growth stocks for 2024 here
.

When is FARO Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our FARO earnings forecast
.

How were FARO Technologies' earnings last quarter?

FARO Technologies, Inc. (NASDAQ:FARO) released its earnings results on Tuesday, February, 27th. The scientific and technical instruments company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.23) by $0.31. The scientific and technical instruments company had revenue of $98.84 million for the quarter. FARO Technologies had a negative net margin of 15.77% and a negative trailing twelve-month return on equity of 20.66%.

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

FARO Technologies issued an update on its first quarter earnings guidance on Tuesday, February, 27th. The company provided earnings per share guidance of $(0.20)-$0.00 for the period, compared to the consensus EPS estimate of ($0.10). The company issued revenue guidance of $77-85 million, compared to the consensus revenue estimate of $81.37 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), Onsemi (ON), Ambarella (AMBA), Inseego (INSG), Niu Technologies (NIU), Impinj (PI), Intuitive Surgical (ISRG) and JD.com (JD).

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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.
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This page (NASDAQ:FARO) was last updated on 4/19/2024 by MarketBeat.com Staff

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