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Takeaways on debt ceiling: McCarthy's balancing act, Biden's choice and the challenges ahead
Debt ceiling agreement gets thumbs up from business groups, jeers from some on political right
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
Text released of 99-page bill to raise debt limit, curb spending; lawmakers to review as House eyes Wednesday vote
Sell every Stock except ONE (Ad)
Stock market today: Asian markets mostly higher after Biden-McCarthy deal on US debt
PwC Australia sidelines 9 directors as leak of tax information investigated
Sell every Stock except ONE (Ad)
North Korea notifies neighboring Japan it plans to launch satellite in coming days
Drought-struck Barcelona quenches thirst with costly desalination
Save $200 on MarketBeat All Access (Ad)
Takeaways on debt ceiling: McCarthy's balancing act, Biden's choice and the challenges ahead
Debt ceiling agreement gets thumbs up from business groups, jeers from some on political right
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
Text released of 99-page bill to raise debt limit, curb spending; lawmakers to review as House eyes Wednesday vote
Sell every Stock except ONE (Ad)
Stock market today: Asian markets mostly higher after Biden-McCarthy deal on US debt
PwC Australia sidelines 9 directors as leak of tax information investigated
Sell every Stock except ONE (Ad)
North Korea notifies neighboring Japan it plans to launch satellite in coming days
Drought-struck Barcelona quenches thirst with costly desalination
Save $200 on MarketBeat All Access (Ad)
Takeaways on debt ceiling: McCarthy's balancing act, Biden's choice and the challenges ahead
Debt ceiling agreement gets thumbs up from business groups, jeers from some on political right
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
Text released of 99-page bill to raise debt limit, curb spending; lawmakers to review as House eyes Wednesday vote
Sell every Stock except ONE (Ad)
Stock market today: Asian markets mostly higher after Biden-McCarthy deal on US debt
PwC Australia sidelines 9 directors as leak of tax information investigated
Sell every Stock except ONE (Ad)
North Korea notifies neighboring Japan it plans to launch satellite in coming days
Drought-struck Barcelona quenches thirst with costly desalination
Save $200 on MarketBeat All Access (Ad)
Takeaways on debt ceiling: McCarthy's balancing act, Biden's choice and the challenges ahead
Debt ceiling agreement gets thumbs up from business groups, jeers from some on political right
NASDAQ:FARO

FARO Technologies (FARO) Stock Forecast, Price & News

$15.16
+1.06 (+7.52%)
(As of 05/26/2023 08:46 PM ET)
Compare
Today's Range
$14.20
$15.51
50-Day Range
$10.32
$24.90
52-Week Range
$10.30
$39.71
Volume
360,100 shs
Average Volume
223,584 shs
Market Capitalization
$286.55 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$29.50

FARO Technologies MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
94.6% Upside
$29.50 Price Target
Short Interest
Healthy
3.61% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.07
Upright™ Environmental Score
News Sentiment
1.15mentions of FARO Technologies in the last 14 days
Based on 4 Articles This Week
Insider Trading
Acquiring Shares
$457,203 Bought Last Quarter
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.

2.52 out of 5 stars

Computer And Technology Sector

146th out of 623 stocks

Measuring & Controlling Devices, Not Elsewhere Classified Industry

2nd out of 9 stocks


FARO stock logo

About FARO Technologies (NASDAQ:FARO) Stock

FARO Technologies, Inc. engages in the design, development, manufacture, marketing, and support of three-dimensional imaging and software solutions. It operates through the United States and Canada, Americas-Other, Germany, EMEA-Other, Japan, China, and Asia-Other segments. The company was founded by Gregory A. Fraser and Simon Raab on February 21, 1981 and is headquartered in Lake Mary, FL.

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FARO Stock News Headlines

[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!
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%...
Needham Reaffirms Their Buy Rating on Faro Technologies (FARO)
FARO Technologies (NASDAQ:FARO) Price Target Cut to $22.00
See More Headlines
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FARO Company Calendar

Last Earnings
10/27/2021
Today
5/29/2023
Next Earnings (Estimated)
8/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Measuring & controlling devices, not elsewhere classified
Sub-Industry
Electronic Equipment & Instruments
Current Symbol
NASDAQ:FARO
CUSIP
31164210
Employees
1,490
Year Founded
1981

Price Target and Rating

Average Stock Price Forecast
$29.50
High Stock Price Forecast
$40.00
Low Stock Price Forecast
$21.00
Forecasted Upside/Downside
+94.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$-26,760,000.00
Pretax Margin
-9.52%

Debt

Sales & Book Value

Annual Sales
$354.08 million
Book Value
$15.68 per share

Miscellaneous

Free Float
18,789,000
Market Cap
$286.55 million
Optionable
Optionable
Beta
1.31

Social Links


Key Executives

  • Michael D. BurgerMichael D. Burger
    President & Chief Executive Officer
  • Jason Pollock
    Chief Operating Officer & Vice President
  • Allen Louis Muhich
    Chief Financial Officer
  • Oliver Zweigle
    Chief Technology Officer & Vice President
  • Ann Hewitt
    Chief Information Officer













FARO Stock - Frequently Asked Questions

Should I buy or sell FARO Technologies stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for FARO Technologies in the last year. There are currently 1 buy rating 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 forecast for 2023?

1 Wall Street analysts have issued 12 month price targets for FARO Technologies' stock. Their FARO share price forecasts range from $21.00 to $40.00. On average, they expect the company's stock price to reach $29.50 in the next twelve months. This suggests a possible upside of 94.6% 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 the year. Since then, FARO stock has decreased by 48.5% and is now trading at $15.16.
View the best growth stocks for 2023 here
.

When is FARO Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our FARO earnings forecast
.

How were FARO Technologies' earnings last quarter?

FARO Technologies, Inc. (NASDAQ:FARO) posted its quarterly earnings results on Wednesday, October, 27th. The scientific and technical instruments company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by $0.08. The scientific and technical instruments company earned $79.20 million during the quarter, compared to analysts' expectations of $82.94 million. FARO Technologies had a negative trailing twelve-month return on equity of 12.69% and a negative net margin of 10.80%. The company's quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the business earned ($0.08) EPS.

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

FARO Technologies updated its second quarter 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share guidance of -$0.47--$0.22 for the period, compared to the consensus earnings per share estimate of -$0.04. The company issued revenue guidance of $79.00 million-$87.00 million, compared to the consensus revenue estimate of $88.65 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."

Who are FARO Technologies' major shareholders?

FARO Technologies' stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (16.00%), State Street Corp (4.68%), Royce & Associates LP (4.34%), Segall Bryant & Hamill LLC (3.85%), Dimensional Fund Advisors LP (2.94%) and Barrow Hanley Mewhinney & Strauss LLC (2.61%). Insiders that own company stock include Alexander M Davern, John Donofrio, Katrona Tyrrell, Kevin Beadle, Yazid Tohme and Yuval Wasserman.
View institutional ownership trends
.

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 $15.16.

How much money does FARO Technologies make?

FARO Technologies (NASDAQ:FARO) has a market capitalization of $286.55 million and generates $354.08 million in revenue each year. The scientific and technical instruments company earns $-26,760,000.00 in net income (profit) each year or ($2.05) 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.
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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 5/29/2023 by MarketBeat.com Staff

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