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NASDAQ:FAROFARO Technologies Stock Price, Forecast & News

$59.27
+0.96 (+1.65 %)
(As of 05/27/2020 04:00 PM ET)
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Today's Range
$57.91
Now: $59.27
$60.32
50-Day Range
$44.14
MA: $51.07
$58.65
52-Week Range
$35.15
Now: $59.27
$64.99
Volume116,400 shs
Average Volume88,593 shs
Market Capitalization$1.05 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.53
FARO Technologies, Inc. designs, develops, manufactures, markets, and supports software driven three-dimensional (3D) measurement and imaging solutions. It operates through three segments: 3D Manufacturing, Construction BIM, and Emerging Verticals. The company offers FaroArm, a combination of a portable articulated measurement arm, a computer, and CAM2 software programs; and FARO ScanArm, a FaroArm equipped with a hard probe and non-contact laser line probe to measure products. It also provides FARO Design ScanArm 2.5C, a portable lightweight 3D ScanArm; FARO Prizm, a full-color laser line probe with 3D design and modeling software; FARO Laser Tracker that combines a portable laser measurement tool, a computer, and CAM2 software programs; FARO Cobalt Array Imager, a metrology-grade structured light imager; FARO Tracer, which projects a laser line onto a surface or object; and FARO Focus laser scanner to measure and collect a cloud of data points. In addition, the company offers FARO Scanner Freestyle3DX, a handheld scanner that documents rooms, structures, and objects in 3D, as well as creates high-definition point clouds; FARO ScanPlan, a handheld mapper that captures 2D floor plans; FARO Digi-Cube, a digital auto-controlled scan head for integration into various laser scanning products; and FARO Software, a proprietary computer-aided design-based measurement and laser scanner software. FARO Technologies, Inc. offers its products for manufacturing, industrial, architecture, surveying, building information modeling, construction, public safety forensics, cultural heritage, dental, and other applications. The company sells its products in Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Malaysia, Mexico, the Netherlands, Poland, Portugal, Singapore, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, the United Kingdom, and the United States. FARO Technologies, Inc. was founded in 1981 and is headquartered in Lake Mary, Florida.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.1Community Rank: 2.4Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.28 out of 5 stars


Industry, Sector and Symbol

Industry Measuring & controlling devices, not elsewhere classified
Sub-IndustryElectronic Equipment & Instruments
SectorComputer and Technology
Current SymbolNASDAQ:FARO
CUSIP31164210
Phone407-333-9911

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$381.77 million
Cash Flow$1.74 per share
Book Value$17.88 per share

Profitability

Net Income$-62,150,000.00

Miscellaneous

Employees1,818
Market Cap$1.05 billion
Next Earnings Date7/22/2020 (Estimated)
OptionableOptionable

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FARO Technologies (NASDAQ:FARO) Frequently Asked Questions

How has FARO Technologies' stock been impacted by COVID-19 (Coronavirus)?

FARO Technologies' stock was trading at $49.62 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, FARO shares have increased by 19.4% and is now trading at $59.27. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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.

When is FARO Technologies' next earnings date?

FARO Technologies is scheduled to release its next quarterly earnings announcement on Wednesday, July 22nd 2020. View our earnings forecast for FARO Technologies.

How were FARO Technologies' earnings last quarter?

FARO Technologies, Inc. (NASDAQ:FARO) released its earnings results on Tuesday, April, 28th. The scientific and technical instruments company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.72) by $0.70. The scientific and technical instruments company had revenue of $79.52 million for the quarter, compared to the consensus estimate of $55.39 million. FARO Technologies had a positive return on equity of 1.43% and a negative net margin of 20.98%. View FARO Technologies' earnings history.

What price target have analysts set for FARO?

4 brokers have issued twelve-month price targets for FARO Technologies' stock. Their forecasts range from $50.00 to $70.00. On average, they anticipate FARO Technologies' share price to reach $60.00 in the next year. This suggests a possible upside of 1.2% from the stock's current price. View analysts' price targets for FARO Technologies.

Has FARO Technologies been receiving favorable news coverage?

News articles about FARO stock have trended negative recently, according to InfoTrie. The research group identifies positive and negative news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. FARO Technologies earned a news impact score of -2.8 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 news coverage is extremely unlikely to have an effect on the stock's share price in the near future. View the latest news aboutFARO Technologies.

Who are some of FARO Technologies' key competitors?

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), Baidu (BIDU), Crispr Therapeutics (CRSP), Niu Technologies (NIU), Alibaba Group (BABA), Inseego (INSG), Marvell Technology Group (MRVL), Baozun (BZUN), ON Semiconductor (ON) and Churchill Downs (CHDN).

Who are FARO Technologies' key executives?

FARO Technologies' management team includes the following people:
  • Dr. Simon Raab, Co-Founder, CEO, Pres & Director (Age 66)
  • Mr. Robert E. Seidel Jr., Chief Financial Officer (Age 44)
  • Ms. Kathleen J. Hall, Chief Operating Officer (Age 58)
  • Mr. Jody S. Gale, Sr. VP, Gen. Counsel & Corp. Sec. (Age 44)
  • Ms. Katrona Tyrrell, Chief People Officer (Age 56)

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. (17.07%), Paradice Investment Management LLC (5.01%), Paradice Investment Management LLC (5.01%), State Street Corp (3.28%), Baillie Gifford & Co. (2.39%) and Pinnacle Associates Ltd. (2.00%). 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.

Which institutional investors are selling FARO Technologies stock?

FARO stock was sold by a variety of institutional investors in the last quarter, including Primecap Management Co. CA, Paradice Investment Management LLC, Paradice Investment Management LLC, Vident Investment Advisory LLC, Morgan Stanley, BlackRock Inc., Provenire Capital LLC, and Pinnacle Associates Ltd.. View insider buying and selling activity for FARO Technologies.

Which institutional investors are buying FARO Technologies stock?

FARO stock was acquired by a variety of institutional investors in the last quarter, including Polar Asset Management Partners Inc., Wellington Management Group LLP, Eagle Asset Management Inc., State Street Corp, Impax Asset Management Group plc, Geode Capital Management LLC, Natixis Advisors L.P., and SG Americas Securities LLC. View insider buying and selling activity for FARO Technologies.

How do I buy shares of 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.

What is FARO Technologies' stock price today?

One share of FARO stock can currently be purchased for approximately $59.27.

How big of a company is FARO Technologies?

FARO Technologies has a market capitalization of $1.05 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.

What is FARO Technologies' official website?

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

How can I contact FARO Technologies?

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]

This page was last updated on 5/28/2020 by MarketBeat.com Staff

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