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

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

FARO Technologies, Inc. (NASDAQ:FARO) posted its earnings results on Wednesday, October, 30th. The scientific and technical instruments company reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01). The scientific and technical instruments company earned $90.52 million during the quarter, compared to analyst estimates of $98.57 million. FARO Technologies had a negative net margin of 1.71% and a positive return on equity of 2.98%. The business's quarterly revenue was down 9.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.09 EPS. View FARO Technologies' Earnings History.

FARO Technologies is scheduled to release their next quarterly earnings announcement on Tuesday, February 18th 2020. View Earnings Estimates for FARO Technologies.

4 brokerages have issued 1-year target prices for FARO Technologies' shares. Their forecasts range from $50.00 to $50.00. On average, they anticipate FARO Technologies' stock price to reach $50.00 in the next year. This suggests that the stock has a possible downside of 5.8%. 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 coverage about FARO stock has been trending somewhat negative on Monday, according to InfoTrie Sentiment. The research firm identifies negative and positive news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. FARO Technologies earned a media sentiment score of -1.4 on InfoTrie's scale. They also gave news headlines about the scientific and technical instruments company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the next several days. View News Stories for FARO Technologies.

FARO Technologies saw a drop in short interest during the month of 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 daily volume of 118,000 shares, the days-to-cover ratio is currently 6.6 days. Currently, 4.6% of the company's shares 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), Fortinet (FTNT), Marvell Technology Group (MRVL), Canopy Growth (CGC), The Coca-Cola (KO) and TENCENT HOLDING/ADR (TCEHY).

FARO Technologies' stock is owned by a number of of retail and institutional investors. Top institutional investors include Nisa Investment Advisors LLC (0.09%) and Louisiana State Employees Retirement System (0.03%). 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 Nisa Investment Advisors LLC and Louisiana State Employees Retirement System. 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 $53.08.

FARO Technologies has a market capitalization of $923.59 million and generates $403.63 million in revenue each year. The scientific and technical instruments company earns $4.93 million in net income (profit) each year or $0.46 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]