Media coverage about FARO Technologies (NASDAQ:FARO) has been trending somewhat positive on Monday, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. FARO Technologies earned a coverage optimism score of 0.21 on Accern’s scale. Accern also gave press coverage about the scientific and technical instruments company an impact score of 46.8770539975541 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern’s rankings:
- FARO Technologies’ (FARO) “Positive” Rating Reiterated at Craig Hallum (americanbankingnews.com)
- Zacks: Analysts Anticipate FARO Technologies, Inc. (FARO) Will Announce Quarterly Sales of $101.26 Million (americanbankingnews.com)
- Mid-Afternoon Market Update: NASDAQ Gains Over 2%; Expedia Shares Slide On Downbeat Earnings (benzinga.com)
- FARO Technologies, Inc. : to Host Earnings Call (4-traders.com)
- What Should Investors Know About FARO Technologies Inc’s (FARO) Future? (finance.yahoo.com)
FARO Technologies (NASDAQ:FARO) traded up 9.08% on Monday, hitting $50.45. 316,220 shares of the stock were exchanged. The company has a 50-day moving average of $37.85 and a 200 day moving average of $36.38. FARO Technologies has a 12 month low of $29.00 and a 12 month high of $51.58. The firm’s market cap is $842.92 million.
FARO Technologies (NASDAQ:FARO) last announced its quarterly earnings data on Thursday, October 26th. The scientific and technical instruments company reported $0.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.14. The firm had revenue of $90.25 million for the quarter, compared to the consensus estimate of $89.34 million. FARO Technologies had a net margin of 0.03% and a return on equity of 0.03%. The company’s revenue was up 13.4% on a year-over-year basis. During the same period last year, the firm earned $0.07 EPS. Equities research analysts expect that FARO Technologies will post ($0.04) earnings per share for the current fiscal year.
FARO has been the topic of a number of analyst reports. Canaccord Genuity reissued a “buy” rating and set a $52.00 target price (up previously from $42.00) on shares of FARO Technologies in a report on Monday. Needham & Company LLC reissued a “buy” rating and set a $53.00 target price (up previously from $39.00) on shares of FARO Technologies in a report on Sunday. Noble Financial reissued a “buy” rating on shares of FARO Technologies in a report on Thursday, August 3rd. Craig Hallum set a $55.00 target price on shares of FARO Technologies and gave the company a “buy” rating in a report on Monday. Finally, Gabelli cut shares of FARO Technologies from a “buy” rating to a “hold” rating and set a $38.00 target price on the stock. in a report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $48.80.
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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