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What Is WallStreetBets and What Stocks Are They Targeting?
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel
Can You Guess Which EV Stock Is Beating Tesla ?
Closing prices for crude oil, gold and other commodities
Three Chinese corporate giants leaving NY stock exchange
MUST WATCH: Unusual 3-second financial maneuver (Ad)
Wall Street builds on gains, heads for 4-week winning streak
Pipeline break spills 45,000 gallons of diesel in Wyoming
Judge revives Obama-era ban on coal sales from federal lands
MUST WATCH: Unusual 3-second financial maneuver (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
What Is WallStreetBets and What Stocks Are They Targeting?
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel
Can You Guess Which EV Stock Is Beating Tesla ?
Closing prices for crude oil, gold and other commodities
Three Chinese corporate giants leaving NY stock exchange
MUST WATCH: Unusual 3-second financial maneuver (Ad)
Wall Street builds on gains, heads for 4-week winning streak
Pipeline break spills 45,000 gallons of diesel in Wyoming
Judge revives Obama-era ban on coal sales from federal lands
MUST WATCH: Unusual 3-second financial maneuver (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
What Is WallStreetBets and What Stocks Are They Targeting?
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel
Can You Guess Which EV Stock Is Beating Tesla ?
Closing prices for crude oil, gold and other commodities
Three Chinese corporate giants leaving NY stock exchange
MUST WATCH: Unusual 3-second financial maneuver (Ad)
Wall Street builds on gains, heads for 4-week winning streak
Pipeline break spills 45,000 gallons of diesel in Wyoming
Judge revives Obama-era ban on coal sales from federal lands
MUST WATCH: Unusual 3-second financial maneuver (Ad)
NASDAQ:FARO

FARO Technologies - FARO Stock Forecast, Price & News

$39.12
+1.05 (+2.76%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$38.06
$39.36
50-Day Range
$28.14
$39.12
52-Week Range
$27.84
$83.39
Volume
88,092 shs
Average Volume
124,073 shs
Market Capitalization
$715.07 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$42.50

FARO Technologies MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
8.6% Upside
$42.50 Price Target
Short Interest
Healthy
3.54% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.69
Upright™ Environmental Score
News Sentiment
0.63mentions of FARO Technologies in the last 14 days
Based on 9 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.

1.48 out of 5 stars

Computer And Technology Sector

565th out of 659 stocks

Measuring & Controlling Devices, Not Elsewhere Classified Industry

9th out of 11 stocks

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. 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 quickly and accurate position components; and FARO Laser Scanning Portfolio to measure and collect a cloud of data points. It also provides FARO ScanPlan, a handheld mapper that captures two-dimensional floor plans; and FARO Software, a software solution that integrate with FARO hardware products to merge data and provide collaborative workflows and applications. The company offers its products for metrology, reverse engineering, factory automation, building information modeling, public safety, and other applications. FARO Technologies, Inc. was founded in 1981 and is headquartered in Lake Mary, Florida.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. DA Davidson lowered their price target on FARO Technologies from $50.00 to $40.00 in a research report on Thursday, August 4th. Needham & Company LLC lowered their price target on FARO Technologies from $50.00 to $40.00 and set a "buy" rating on the stock in a research report on Thursday, August 4th. Robert W. Baird lowered their price target on FARO Technologies from $62.00 to $50.00 in a research report on Thursday, April 28th. Finally, Craig Hallum downgraded FARO Technologies from a "buy" rating to a "hold" rating and lowered their price target for the stock from $74.00 to $40.00 in a research report on Thursday, April 28th.

FARO Technologies Trading Up 2.8 %

Shares of NASDAQ:FARO traded up $1.05 during trading on Friday, reaching $39.12. 88,092 shares of the stock were exchanged, compared to its average volume of 124,073. FARO Technologies has a 12 month low of $27.84 and a 12 month high of $83.39. The firm has a market cap of $715.07 million, a PE ratio of -13.26 and a beta of 1.46. The stock has a 50-day moving average price of $31.74 and a 200-day moving average price of $41.34.

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FARO Stock News Headlines

FARO Technologies (NASDAQ:FARO) Price Target Cut to $40.00
FARO Technologies Needs A Break
AECOM Bags Mine Clean-up Project In Canada
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FARO Company Calendar

Last Earnings
10/27/2021
Today
8/12/2022
Next Earnings (Estimated)
10/26/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Measuring & controlling devices, not elsewhere classified
Sub-Industry
Electronic Equipment & Instruments
Current Symbol
NASDAQ:FARO
CUSIP
31164210
Employees
1,432
Year Founded
1981

Price Target and Rating

Average Stock Price Forecast
$42.50
High Stock Price Forecast
$50.00
Low Stock Price Forecast
$40.00
Forecasted Upside/Downside
+8.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$-39,960,000.00
Pretax Margin
-4.96%

Debt

Sales & Book Value

Annual Sales
$337.81 million
Book Value
$16.33 per share

Miscellaneous

Free Float
18,169,000
Market Cap
$715.07 million
Optionable
Optionable
Beta
1.46

Social Links


Key Executives

  • Mr. Michael D. Burger (Age 63)
    Pres, CEO & Director
    Comp: $1.13M
  • Mr. Allen L. Muhich (Age 55)
    Chief Financial Officer
    Comp: $530.59k
  • Mr. Jason Pollock
    VP of Global Operations
  • Ms. Ann Hewitt
    Sr. VP & Chief Information Officer
  • Mr. Jeffrey D. Sexton (Age 60)
    VP of Global Sales
  • Ms. Melanie Stagnitti
    VP & Chief HR Officer
  • Ms. Brooke Blake
    VP & Chief Sustainability Officer
  • Mr. Michael Carris Ph.D.
    Sr. VP of Product Marketing













FARO Stock - Frequently Asked Questions

Should I buy or sell FARO Technologies stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for FARO Technologies in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street 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 2022?

2 equities research analysts have issued 12 month price objectives for FARO Technologies' stock. Their FARO share price forecasts range from $40.00 to $50.00. On average, they expect the company's share price to reach $42.50 in the next twelve months. This suggests a possible upside of 8.7% 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 2022?

FARO Technologies' stock was trading at $70.02 at the start of the year. Since then, FARO shares have decreased by 44.1% and is now trading at $39.11.
View the best growth stocks for 2022 here
.

When is FARO Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our FARO earnings forecast
.

How were FARO Technologies' earnings last quarter?

FARO Technologies, Inc. (NASDAQ:FARO) issued its quarterly earnings data on Wednesday, October, 27th. The scientific and technical instruments company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by $0.08. The scientific and technical instruments company had revenue of $79.20 million for the quarter, compared to the consensus estimate of $82.94 million. FARO Technologies had a negative net margin of 16.02% and a negative trailing twelve-month return on equity of 16.58%. The business's quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the previous year, the business earned ($0.08) EPS.

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

FARO Technologies updated its third quarter 2022 earnings guidance on Wednesday, August, 10th. The company provided earnings per share (EPS) guidance of -$0.08-$0.08 for the period, compared to the consensus earnings per share estimate of 0. The company issued revenue guidance of $79.00 million-$87.00 million, compared to the consensus revenue estimate of $82.15 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 a variety of retail and institutional investors. Top institutional shareholders include Royce & Associates LP (7.40%), Paradice Investment Management LLC (3.98%), Pinnacle Associates Ltd. (1.88%), Allspring Global Investments Holdings LLC (1.24%), Mirae Asset Global Investments Co. Ltd. (1.24%) and ARK Investment Management LLC (1.02%). Insiders that own company stock include Katrona Tyrrell, Kevin Beadle and Yazid Tohme.
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 $39.11.

How much money does FARO Technologies make?

FARO Technologies (NASDAQ:FARO) has a market capitalization of $714.93 million and generates $337.81 million in revenue each year. The scientific and technical instruments company earns $-39,960,000.00 in net income (profit) each year or ($2.95) on an earnings per share basis.

How many employees does FARO Technologies have?

The company employs 1,432 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., 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, HoloBuilder, Lanmark, Laser Control Systems Limited., Laser Projection Tech, Nutfield, OOO FARO RUS, Open Technologies SRL, Opto-Tech Srl, Photocore AG, SpatialMetrix, iQvolution, and kubit.
Read More

When was FARO Technologies founded?

FARO Technologies was founded in 1981.

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 8/13/2022 by MarketBeat.com Staff

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