FARO Technologies (FARO) Receiving Somewhat Favorable Press Coverage, Study Finds

Media stories about FARO Technologies (NASDAQ:FARO) have trended somewhat positive recently, Accern reports. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. FARO Technologies earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave news coverage about the scientific and technical instruments company an impact score of 45.9991710040943 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the media stories that may have effected Accern Sentiment’s scoring:

Shares of FARO Technologies (NASDAQ FARO) opened at $51.85 on Friday. The firm has a market cap of $866.47, a price-to-earnings ratio of -5,070,000.00 and a beta of 1.43. FARO Technologies has a one year low of $31.90 and a one year high of $54.40.

FARO Technologies (NASDAQ:FARO) last released its quarterly earnings data on Thursday, October 26th. The scientific and technical instruments company reported $0.10 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.14. The company had revenue of $90.25 million during the quarter, compared to analyst estimates of $89.34 million. FARO Technologies had a net margin of 0.03% and a return on equity of 0.03%. FARO Technologies’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.07 EPS. equities analysts expect that FARO Technologies will post 0.1 earnings per share for the current year.

A number of research analysts have recently issued reports on the stock. BidaskClub upgraded shares of FARO Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday. Zacks Investment Research upgraded shares of FARO Technologies from a “hold” rating to a “strong-buy” rating and set a $54.00 price target on the stock in a research report on Monday, January 1st. Craig Hallum set a $60.00 price target on shares of FARO Technologies and gave the stock a “buy” rating in a research report on Monday, November 27th. Noble Financial restated a “buy” rating on shares of FARO Technologies in a research report on Friday, November 3rd. Finally, Canaccord Genuity restated a “buy” rating and issued a $52.00 price target (up previously from $42.00) on shares of FARO Technologies in a research report on Monday, October 30th. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $50.50.

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FARO Technologies Company Profile

FARO Technologies, Inc designs, develops, manufactures, markets and supports software driven, three-dimensional (3D) measurement, imaging and realization systems. The Company operates in three segments: Factory Metrology, Construction BIM-CIM and Other. It sells its products through a direct sales force across customers in a range of manufacturing, industrial, architecture, surveying, building construction and law enforcement applications.

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