FARO Technologies Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for FARO Technologies in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" FARO Technologies stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FARO, but not buy additional shares or sell existing shares.
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Wall Street analysts have given FARO Technologies a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but FARO Technologies wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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FARO Technologies is scheduled to release its next quarterly earnings announcement on Tuesday, August 3rd 2021.
View our earnings forecast for FARO Technologies.

FARO Technologies, Inc. (NASDAQ:FARO) released its quarterly earnings results on Wednesday, April, 28th. The scientific and technical instruments company reported ($0.03) earnings per share for the quarter, topping analysts' consensus estimates of ($0.07) by $0.04. The scientific and technical instruments company had revenue of $76.33 million for the quarter, compared to analyst estimates of $77.90 million. FARO Technologies had a negative trailing twelve-month return on equity of 1.86% and a net margin of 4.07%.
View FARO Technologies' earnings history.

FARO Technologies' stock was trading at $49.62 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, FARO shares have increased by 57.5% and is now trading at $78.14.
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3 brokerages have issued twelve-month price objectives for FARO Technologies' stock. Their forecasts range from $117.00 to $117.00. On average, they expect FARO Technologies' stock price to reach $117.00 in the next twelve months. This suggests a possible upside of 49.7% from the stock's current price.
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29 employees have rated FARO Technologies CEO Michael D. Burger on Glassdoor.com. Michael D. Burger has an approval rating of 35% among FARO Technologies' employees. This puts Michael D. Burger in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to FARO Technologies include Cognex (CGNX), Coherent (COHR), National Instruments (NATI), Itron (ITRI), Badger Meter (BMI), OSI Systems (OSIS), Mesa Laboratories (MLAB), Vishay Precision Group (VPG) and Daktronics (DAKT).
View all of FARO's competitors.

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).

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

FARO Technologies' stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (17.92%), Royce & Associates LP (5.81%), Paradice Investment Management LLC (4.42%), Dimensional Fund Advisors LP (2.92%), Polar Asset Management Partners Inc. (2.56%) and Goldman Sachs Group Inc. (2.39%). Company insiders that own FARO Technologies stock include John Donofrio, Katrona Tyrrell, Kevin Beadle and Yazid Tohme.
View institutional ownership trends for FARO Technologies.

FARO stock was sold by a variety of institutional investors in the last quarter, including Royce & Associates LP, Dimensional Fund Advisors LP, Renaissance Technologies LLC, Prospector Partners LLC, Millennium Management LLC, Goldman Sachs Group Inc., UBS Group AG, and Pinnacle Associates Ltd.. Company insiders that have sold FARO Technologies company stock in the last year include Katrona Tyrrell, Kevin Beadle, and Yazid Tohme.
View insider buying and selling activity for FARO Technologies or view top insider-selling stocks.

FARO stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Emerald Advisers LLC, Emerald Mutual Fund Advisers Trust, ARK Investment Management LLC, Arrowstreet Capital Limited Partnership, EAM Investors LLC, Penserra Capital Management LLC, and EAM Global Investors LLC.
View insider buying and selling activity for FARO Technologies or or view top insider-buying stocks.

Shares of FARO 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.
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One share of FARO stock can currently be purchased for approximately $78.14.

FARO Technologies has a market capitalization of $1.42 billion and generates $303.77 million in revenue each year. The scientific and technical instruments company earns $630,000.00 in net income (profit) each year or ($0.46) on an earnings per share basis.

FARO Technologies employs 1,364 workers across the globe.

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

FARO Technologies is headquartered at 250 TECHNOLOGY PARK, LAKE MARY FL, 32746.

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]