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 Thomson Reuters' consensus estimate of ($0.06) by $0.24. The scientific and technical instruments company had revenue of $104.10 million for the quarter, compared to analyst estimates of $98.80 million. FARO Technologies had a positive return on equity of 1.53% and a negative net margin of 16.28%. The company's quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $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 target prices for FARO Technologies' stock. Their forecasts range from $50.00 to $76.00. On average, they anticipate FARO Technologies' stock price to reach $63.00 in the next twelve months. This suggests a possible upside of 9.0% from the stock's current price. 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 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for FARO Technologies.

Media stories about FARO stock have trended somewhat positive on Wednesday, according to InfoTrie. InfoTrie identifies negative and positive media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. FARO Technologies earned a news impact score of 1.8 on InfoTrie's scale. They also assigned news stories about the scientific and technical instruments company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company's share price in the next few days. View News Stories for FARO Technologies.

FARO Technologies saw a decline in short interest in January. As of January 15th, there was short interest totalling 780,200 shares, a decline of 5.4% from the December 31st total of 824,400 shares. Based on an average daily trading volume, of 118,000 shares, the days-to-cover ratio is currently 6.6 days. Approximately 4.6% of the shares of the stock are sold short. 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 shareholders 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 purchased 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 $57.78.

FARO Technologies has a market capitalization of $1.02 billion and generates $381.77 million in revenue each year. The scientific and technical instruments company earns $-62,150,000.00 in net income (profit) each year or $0.65 on an earnings per share basis. FARO Technologies employs 1,818 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]