NASDAQ:FARO - FARO Technologies Stock Price, Forecast & News

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

FARO Technologies, Inc. (NASDAQ:FARO) announced its quarterly earnings results on Wednesday, February, 19th. The scientific and technical instruments company reported $0.18 EPS for the quarter, beating the Zacks' consensus estimate of ($0.06) by $0.24. The scientific and technical instruments company earned $104.10 million during the quarter, compared to analysts' expectations of $98.80 million. FARO Technologies had a positive return on equity of 1.49% and a negative net margin of 16.28%. FARO Technologies's revenue was down 7.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.33 EPS. View FARO Technologies' Earnings History.

FARO Technologies is scheduled to release their next quarterly earnings announcement on Wednesday, May 6th 2020. View Earnings Estimates for FARO Technologies.

4 Wall Street analysts have issued 12-month price objectives for FARO Technologies' stock. Their forecasts range from $50.00 to $50.00. On average, they anticipate FARO Technologies' stock price to reach $50.00 in the next twelve months. This suggests that the stock has a possible downside of 19.4%. View Analyst Price Targets for FARO Technologies.

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

News headlines about FARO stock have been trending extremely negative on Friday, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive press coverage by reviewing more than six thousand blog and news sources. 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 daily sentiment score of -4.0 on InfoTrie's scale. They also assigned headlines about the scientific and technical instruments company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near term. View News Stories for FARO Technologies.

FARO Technologies saw a drop in short interest in January. As of January 15th, there was short interest totalling 780,200 shares, a drop of 5.4% from the December 31st total of 824,400 shares. Based on an average trading volume of 118,000 shares, the short-interest ratio is presently 6.6 days. Currently, 4.6% of the shares of the company are short sold. View FARO Technologies' Current Options Chain.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other FARO Technologies investors own include Baidu (BIDU), Alibaba Group (BABA), Baozun (BZUN), NVIDIA (NVDA), Verizon Communications (VZ), Advanced Micro Devices (AMD), Fortinet (FTNT), Marvell Technology Group (MRVL), Canopy Growth (CGC) and The Coca-Cola (KO).

FARO Technologies' stock is owned by a number of of institutional and retail investors. Top institutional investors include Paradice Investment Management LLC (5.69%), Barrow Hanley Mewhinney & Strauss LLC (5.32%), Royce & Associates LP (5.32%), Credit Suisse AG (3.46%), Goldman Sachs Group Inc. (3.14%) and State Street Corp (2.99%). Company insiders that own FARO Technologies stock include Jody Storm Gale, John Donofrio, Kathleen Hall, Katrona Tyrrell and Simon Raab. View Institutional Ownership Trends for FARO Technologies.

FARO stock was sold by a variety of institutional investors in the last quarter, including Credit Suisse AG, Franklin Resources Inc., Vident Investment Advisory LLC, Panagora Asset Management Inc., Barclays PLC, UBS Group AG, Paradice Investment Management LLC and Nisa Investment Advisors LLC. View Insider Buying and Selling for FARO Technologies.

FARO stock was acquired by a variety of institutional investors in the last quarter, including Royce & Associates LP, Goldman Sachs Group Inc., Pinnacle Associates Ltd., Great West Life Assurance Co. Can, Eos Focused Equity Management L.P., Renaissance Technologies LLC, Baillie Gifford & Co. and State Street Corp. View Insider Buying and Selling for 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.

One share of FARO stock can currently be purchased for approximately $62.00.

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 $4.93 million in net income (profit) each year or $0.65 on an earnings per share basis. FARO Technologies employs 1,862 workers across the globe.View Additional Information About FARO Technologies.

The official website for FARO Technologies is http://www.faro.com/.

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]