FARO Technologies (FARO) Given News Sentiment Score of 0.11

News articles about FARO Technologies (NASDAQ:FARO) have been trending somewhat positive on Saturday, Accern reports. The research group rates the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. FARO Technologies earned a news impact score of 0.11 on Accern’s scale. Accern also gave headlines about the scientific and technical instruments company an impact score of 46.2328038965225 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the news headlines that may have effected Accern Sentiment’s analysis:

Shares of FARO Technologies (NASDAQ FARO) opened at $47.15 on Friday. FARO Technologies has a twelve month low of $31.90 and a twelve month high of $54.40.

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

A number of research firms recently weighed in on FARO. Craig Hallum set a $60.00 price target on FARO Technologies and gave the stock a “buy” rating in a research note on Monday, November 27th. Zacks Investment Research downgraded FARO Technologies from a “buy” rating to a “hold” rating in a research note on Monday, November 13th. Noble Financial reaffirmed a “buy” rating on shares of FARO Technologies in a research note on Friday, November 3rd. BidaskClub downgraded FARO Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, December 16th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $52.00 price target (up from $42.00) on shares of FARO Technologies in a research note on Monday, October 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $51.17.

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About FARO Technologies

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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