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NASDAQ:FARO

FARO Technologies - FARO Stock Forecast, Price & News

$31.14
-0.49 (-1.55%)
(As of 11/28/2022 12:56 PM ET)
Add
Compare
Today's Range
$30.90
▼
$31.49
50-Day Range
$25.47
▼
$34.33
52-Week Range
$25.20
▼
$74.72
Volume
601 shs
Average Volume
118,244 shs
Market Capitalization
$584.81 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$40.50

FARO Technologies MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
30.1% Upside
$40.50 Price Target
Short Interest
Healthy
2.07% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.95
Upright™ Environmental Score
News Sentiment
0.56mentions of FARO Technologies in the last 14 days
Based on 6 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.

2.14 out of 5 stars

Computer And Technology Sector

400th out of 631 stocks

Measuring & Controlling Devices, Not Elsewhere Classified Industry

8th out of 9 stocks

See Top Rated MarketRank™ Stocks Here
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.

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FARO Stock News Headlines

November 25, 2022 | finance.yahoo.com
Access This Bullish Tech Stock in PRNT
November 25, 2022 | marketwatch.com
Metrology Solutions Market 2023 : Trends, Industry Size, Share, Emerging Trends, Top Leading Players and Forecast 2028
November 24, 2022 | marketwatch.com
Global Dental 3D Scanners Market Size 2022 Production by Market Dynamics, Trends, Applications, Consumption and Demand Forecast to 2028
November 23, 2022 | seekingalpha.com
Picture FARO Technologies In Your Portfolio
November 18, 2022 | marketwatch.com
Global Terrestrial Laser Scanning System Market Size and Trends Analysis 2022 by Manufacturers, Regions, Type and Application and Forecast to 2028
November 8, 2022 | finance.yahoo.com
FARO Zone 3D Forensic Scene Analysis Software Delivers New Photogrammetry Capabilities
November 8, 2022 | marketwatch.com
Dimensional Metrology in Electronic Manufacturing Market : An Exclusive Study On Upcoming Trends And Growth Opportunities from 2022-2028
November 5, 2022 | seekingalpha.com
FARO Technologies, Inc. (FARO) Q3 2022 Earnings Call Transcript
November 4, 2022 | msn.com
Investigators using technology to determine cause of deadly South Fulton house fire
November 4, 2022 | msn.com
3D technology used to investigate fatal South Fulton fire
November 4, 2022 | msn.com
Jones Co. deputies use FARO device to investigate Wednesday’s fire
November 2, 2022 | marketwatch.com
3D Cameras Market 2022 : Trending Technologies, Manufacturers, End-Users, Growth Elements and Forecast 2028 | 107 Pages Report
October 27, 2022 | marketwatch.com
LiDAR Market Insights: Industry changing aspects, New Technologies and Forecast to 2025 | Market Growth Reports
October 23, 2022 | msn.com
Horizon 3 Could Enhance Its Story by Revealing More About Project Zero Dawn Members
October 21, 2022 | finance.yahoo.com
FARO Technologies (NASDAQ:FARO) shareholders have endured a 64% loss from investing in the stock a year ago
October 21, 2022 | finance.yahoo.com
FARO to Announce Financial Results for the Third Quarter 2022 on November 2, 2022
October 20, 2022 | uk.finance.yahoo.com
The Global 3D Technology Market size is expected to reach $463.5 billion by 2028, rising at a market growth of 16.1% CAGR during the forecast period
October 18, 2022 | finance.yahoo.com
FARO Releases Focus Core Laser Scanner
October 13, 2022 | marketwatch.com
3D Optical Metrology Market Sales, Revenue, Price Trend by Type, Market Share, Growth Rate, Market Analysis, Market Forecast (2022-2029)
October 13, 2022 | msn.com
Jones Co. Sheriff’s Department receives new 3D imaging equipment
October 12, 2022 | bizjournals.com
Durham investment firm funnels millions into solar energy in Brazil
October 11, 2022 | marketwatch.com
LiDAR Drone Market Growth and Size by 2022-2208: Industry Revenue, Forthcoming Developments, CAGR Status, Global Share and Trends Forecast
October 5, 2022 | bizjournals.com
WSU’s NIAR celebrates expanded scope of new aerospace lab
September 30, 2022 | marketwatch.com
Metering Software Market Analysis Research Report, Challenges, Scopes, Market Share, Revenue, and Forecasts 2022 to 2028 | 114 Report Pages
September 29, 2022 | marketwatch.com
Digital Inspection Market 2022 Share Growing Rapidly with Recent Trends, Development, Revenue, Demand and Forecast to 2028 | 99 Pages Report
See More Headlines
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FARO Company Calendar

Last Earnings
10/27/2021
Today
11/28/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/15/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Measuring & controlling devices, not elsewhere classified
Sub-Industry
Electronic Equipment & Instruments
Sector
Computer and Technology
Current Symbol
NASDAQ:FARO
CUSIP
31164210
CIK
917491
Web
www.faro.com
Phone
(407) 333-9911
Fax
407-333-4181
Employees
1,432
Year Founded
1981

Price Target and Rating

Average Stock Price Forecast
$40.50
High Stock Price Forecast
$50.00
Low Stock Price Forecast
$32.00
Forecasted Upside/Downside
+30.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($3.08)
Trailing P/E Ratio
N/A
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$-39,960,000.00
Net Margins
-16.44%
Pretax Margin
-4.91%
Return on Equity
-18.13%
Return on Assets
-12.25%

Debt

Debt-to-Equity Ratio
N/A
Current Ratio
2.20
Quick Ratio
1.67

Sales & Book Value

Annual Sales
$337.81 million
Price / Sales
1.73
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$17.93 per share
Price / Book
1.74

Miscellaneous

Outstanding Shares
18,780,000
Free Float
18,667,000
Market Cap
$584.81 million
Optionable
Optionable
Beta
1.39

Social Links


Key Executives

  • Mr. Michael D. BurgerMr. 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
  • Mr. Jeffrey D. Sexton (Age 60)
    VP of Global Sales
  • Mr. Gregory Lepere
    VP of Core Marketing
  • Ms. Melanie Stagnitti
    VP & Chief HR Officer
  • Mr. Michael Carris Ph.D.
    Sr. VP of Product Marketing
  • Mr. Patrick Bohle
    Pres of Building Insights

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













FARO Stock - 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 1 hold rating and 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?

2 brokerages have issued 12 month price targets for FARO Technologies' stock. Their FARO share price forecasts range from $32.00 to $50.00. On average, they anticipate the company's share price to reach $40.50 in the next twelve months. This suggests a possible upside of 28.0% 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 beginning of 2022. Since then, FARO stock has decreased by 54.8% and is now trading at $31.63.
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, February 15th 2023.
View our FARO earnings forecast.

How were FARO Technologies' earnings last quarter?

FARO Technologies, Inc. (NASDAQ:FARO) issued its earnings results on Wednesday, October, 27th. The scientific and technical instruments company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.07 by $0.08. The scientific and technical instruments company earned $79.20 million during the quarter, compared to analyst estimates of $82.94 million. FARO Technologies had a negative trailing twelve-month return on equity of 18.13% and a negative net margin of 16.44%. The firm's revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.08) earnings per share.

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

FARO Technologies issued an update on its fourth quarter 2022 earnings guidance on Wednesday, November, 9th. The company provided earnings per share (EPS) guidance of $0.25-$0.45 for the period, compared to the consensus EPS estimate of $0.39. The company issued revenue guidance of $99.00 million-$107.00 million, compared to the consensus revenue estimate of $102.36 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).

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 institutional and retail investors. Top institutional investors include BlackRock Inc. (17.15%), Vanguard Group Inc. (11.44%), Royce & Associates LP (5.44%), Segall Bryant & Hamill LLC (4.28%), State Street Corp (4.26%) and Dimensional Fund Advisors LP (2.77%). 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 $31.63.

How much money does FARO Technologies make?

FARO Technologies (NASDAQ:FARO) has a market capitalization of $594.01 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 ($3.08) 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
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 11/28/2022 by MarketBeat.com Staff