FARO Technologies (FARO) Given Media Sentiment Rating of 0.23

Media coverage about FARO Technologies (NASDAQ:FARO) has trended somewhat positive on Monday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. FARO Technologies earned a daily sentiment score of 0.23 on Accern’s scale. Accern also assigned press coverage about the scientific and technical instruments company an impact score of 46.3053977561813 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Several analysts have recently issued reports on the company. Craig Hallum set a $60.00 target price on FARO Technologies and gave the stock a “buy” rating in a report on Monday, November 27th. Zacks Investment Research lowered FARO Technologies from a “buy” rating to a “hold” rating in a report on Monday, November 13th. Noble Financial reissued a “buy” rating on shares of FARO Technologies in a report on Friday, November 3rd. BidaskClub raised FARO Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $52.00 price objective (up from $42.00) on shares of FARO Technologies in a research note on Monday, October 30th. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $50.50.

Shares of FARO Technologies (FARO) opened at $54.40 on Monday. The firm has a market capitalization of $909.09, a PE ratio of -5,440,000.00 and a beta of 1.43. FARO Technologies has a 12 month low of $31.90 and a 12 month high of $54.75.

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 business had revenue of $90.25 million for 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%. FARO Technologies’s revenue was up 13.4% compared to the same quarter last year. During the same period last year, the firm posted $0.07 earnings per share. equities research analysts predict that FARO Technologies will post 0.1 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “FARO Technologies (FARO) Given Media Sentiment Rating of 0.23” was originally posted by Week Herald and is the property of of Week Herald. If you are accessing this news story on another publication, it was illegally stolen and republished in violation of United States and international copyright and trademark laws. The correct version of this news story can be viewed at https://weekherald.com/2018/01/22/faro-technologies-faro-given-media-sentiment-rating-of-0-23.html.

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.

Insider Buying and Selling by Quarter for FARO Technologies (NASDAQ:FARO)

Receive News & Ratings for FARO Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FARO Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply