Press coverage about Faro Technologies (NASDAQ:FARO) has trended somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Faro Technologies earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned news coverage about the scientific and technical instruments company an impact score of 47.3199003962297 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
Faro Technologies stock traded up $1.55 during midday trading on Tuesday, reaching $54.30. 1,217 shares of the stock traded hands, compared to its average volume of 93,430. The firm has a market capitalization of $909.96 million, a price-to-earnings ratio of 187.24 and a beta of 1.50. Faro Technologies has a fifty-two week low of $32.25 and a fifty-two week high of $65.35.
Faro Technologies (NASDAQ:FARO) last posted its earnings results on Wednesday, April 25th. The scientific and technical instruments company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.05). The firm had revenue of $92.83 million for the quarter, compared to analyst estimates of $92.92 million. Faro Technologies had a negative net margin of 3.39% and a positive return on equity of 1.91%. The company’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.09) earnings per share. research analysts anticipate that Faro Technologies will post 0.84 earnings per share for the current year.
FARO has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Faro Technologies from a “hold” rating to a “strong-buy” rating and set a $69.00 price objective for the company in a research report on Monday, February 26th. BidaskClub raised shares of Faro Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, March 14th. Finally, ValuEngine lowered shares of Faro Technologies from a “buy” rating to a “hold” rating in a research note on Friday, April 27th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $58.67.
In other Faro Technologies news, Director John Donofrio sold 1,718 shares of the business’s stock in a transaction dated Thursday, June 14th. The shares were sold at an average price of $54.91, for a total transaction of $94,335.38. Following the completion of the transaction, the director now directly owns 24,608 shares of the company’s stock, valued at approximately $1,351,225.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.10% of the company’s stock.
About Faro Technologies
FARO Technologies, Inc designs, develops, manufactures, markets, and supports software driven, three-dimensional (3D) measurement, imaging, and realization systems. The company offers FaroArm, a combination of six or seven-axis, 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.
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