Somewhat Negative News Coverage Somewhat Unlikely to Impact CyberOptics (NASDAQ:CYBE) Stock Price

Media coverage about CyberOptics (NASDAQ:CYBE) has been trending somewhat negative on Wednesday, according to Accern Sentiment. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. CyberOptics earned a media sentiment score of -0.01 on Accern’s scale. Accern also gave media headlines about the scientific and technical instruments company an impact score of 46.9688681235496 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Several equities analysts have weighed in on CYBE shares. Lake Street Capital dropped their target price on shares of CyberOptics from $27.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday, October 3rd. Zacks Investment Research raised shares of CyberOptics from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 5th. Craig Hallum reaffirmed a “buy” rating and set a $20.00 price target (down from $25.00) on shares of CyberOptics in a research note on Tuesday, October 3rd. They noted that the move was a valuation call. Finally, Dougherty & Co reaffirmed a “buy” rating and set a $21.00 price target (down from $35.00) on shares of CyberOptics in a research note on Tuesday, October 3rd. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $18.67.

CyberOptics (NASDAQ:CYBE) traded down $0.50 on Wednesday, hitting $15.25. 73,960 shares of the company traded hands, compared to its average volume of 75,216. CyberOptics has a twelve month low of $11.35 and a twelve month high of $41.18. The firm has a market capitalization of $111.64, a PE ratio of 15.89, a PEG ratio of 2.84 and a beta of -0.34.

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CyberOptics Company Profile

Cyberoptics Corporation is a developer and manufacturer of sensing technology solutions. The Company’s products and services are used in the surface mount technology (SMT), semiconductor and three dimensional (3D) scanning solutions and services markets. Its products are sold into the electronics assembly, dynamic random access memory (DRAM) and flash memory, and semiconductor fabrication capital equipment markets.

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