Faro TechnologiesFARO
FARO
About: Faro Technologies Inc is a technology company. It designs, develops, manufactures, markets and supports software-driven, three-dimensional (3-D) measurement, imaging, and realization solutions for the 3D metrology, architecture, engineering and construction (AEC), Operations and Maintenance (O&M) and public safety analytics markets. The company enables its customers to capture, measure, manipulate, interact with and share 3D and 2D data from the physical world in a virtual environment and then translate the information back into the physical domain. FARO suite of 3D products and software solutions are used for the inspection of components and assemblies, rapid prototyping, reverse engineering, documenting large volumes or structures in 3D, surveying, and construction.
Employees: 1,232
0
Funds holding %
of 7,425 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
123% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 13
100% more funds holding in top 10
Funds holding in top 10: 1 [Q3] → 2 (+1) [Q4]
31% more capital invested
Capital invested by funds: $360M [Q3] → $470M (+$111M) [Q4]
13% more funds holding
Funds holding: 120 [Q3] → 136 (+16) [Q4]
2.14% more ownership
Funds ownership: 95.89% [Q3] → 98.04% (+2.14%) [Q4]
41% less repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 54
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$38
29%
upside
Avg. target
$38
29%
upside
High target
$38
29%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Needham James Ricchiuti 19% 1-year accuracy 23 / 119 met price target | 29%upside $38 | Buy Maintained | 25 Apr 2025 |
Financial journalist opinion
Based on 4 articles about FARO published over the past 30 days
Neutral
Seeking Alpha
6 days ago
FARO Technologies, Inc. (FARO) Q1 2025 Earnings Call Transcript
FARO Technologies, Inc. (NASDAQ:FARO ) Q1 2025 Earnings Conference Call April 24, 2025 8:00 AM ET Company Participants Michael Funari - Sapphire-Investor Relations Peter Lau - President & Chief Executive Officer Matt Horwath - Chief Financial Officer Conference Call Participants Jim Ricchiuti - Needham & Company Greg Palm - Craig-Hallum Operator Good day, everyone, and welcome to the FARO Technologies First Quarter 2025 Earnings Call. For opening remarks and introductions, I will now turn the call over to Michael Funari at Sapphire Investor Relations.
Neutral
GlobeNewsWire
6 days ago
FARO Announces First Quarter Financial Results
LAKE MARY, Fla., April 24, 2025 (GLOBE NEWSWIRE) -- FARO® Technologies, Inc. (Nasdaq: FARO), a global leader in 4D digital reality solutions, today announced its financial results for the first quarter ended March 31, 2025.
Neutral
GlobeNewsWire
1 week ago
FARO to Announce Financial Results for the First Quarter 2025 on April 24, 2025
LAKE MARY, Fla., April 18, 2025 (GLOBE NEWSWIRE) -- FARO® Technologies, Inc. (Nasdaq: FARO), a global leader in 4D digital reality solutions, today announced that before market open on Thursday, April 24, 2025, it will release its financial results for the first quarter ended March 31, 2025. In conjunction with the release, Peter Lau, President and Chief Executive Officer, and Matthew Horwath, Senior Vice President and Chief Financial Officer, will host a conference call on Thursday, April 24, 2025, at 8:00 am. ET. Interested parties can access the conference call by dialing +1 800-245-3047 (U.S.) or +1 203-518-9765 (International) and using the passcode FARO. To avoid a delay in connecting to the call, please dial in 10 minutes prior to the start time. A live webcast will be available in the Investor Relations section of FARO's website at: https://www.faro.com/about-faro/investor-relations/events
Neutral
GlobeNewsWire
2 weeks ago
Introducing Blink by FARO® Technologies: Reality Capture Reimagined
Lake Mary, Fla, April 15, 2025 (GLOBE NEWSWIRE) -- LAKE MARY, Fla. (April 15, 2025) — FARO® Technologies, Inc. (Nasdaq: FARO) has announced the launch of a unique 3D reality capture solution, FARO Blink, marking an important milestone in its mission to streamline and democratize the process of 3D reality capture.
Neutral
GlobeNewsWire
1 month ago
LiDAR Market and Company Analysis 2025-2033: Industry to Quintuple in Size by 2033, Reaching $12.81 Billion, Led by Faro Technologies, Hexagon, and Vaisala
Dublin, March 11, 2025 (GLOBE NEWSWIRE) -- The "LiDAR Market by Types, Components, Application, Technology, Range, Countries and Company Analysis 2025-2033" report has been added to ResearchAndMarkets.com's offering. The LiDAR market is expected to grow from US$2.31 billion in 2024 to US$12.81 billion by 2033, with a compound annual growth rate (CAGR) of 20.95% from 2025 to 2033. The growth is attributed to the increasing demand for LiDAR technology in automotive (for autonomous vehicles), construction, agriculture, and geospatial mapping. The technological advancements and increasing adoption of 3D mapping are also contributing to the growth of the market.
Neutral
Seeking Alpha
2 months ago
FARO Technologies, Inc. (FARO) Q4 2024 Earnings Call Transcript
FARO Technologies, Inc. (FARO) Q4 2024 Earnings Call Transcript
Neutral
GlobeNewsWire
2 months ago
FARO Announces Fourth Quarter and Full Year 2024 Financial Results
LAKE MARY, Fla., Feb. 24, 2025 (GLOBE NEWSWIRE) -- FARO® Technologies, Inc. (Nasdaq: FARO), a global leader in 4D digital reality solutions, today announced its financial results for the fourth quarter and full year ended December 31, 2024.
Neutral
Business Wire
2 months ago
Topcon and FARO Technologies Announce Strategic Agreement in Laser Scanning Technology
LIVERMORE, Calif.--(BUSINESS WIRE)-- #construction--Topcon Corporation and FARO Technologies have announced a strategic agreement to develop and distribute innovative solutions in the laser scanning market. The agreement is expected to expand access to cutting-edge digital reality solutions and result in complementary product developments, such as the seamless integration of Topcon and Sokkia solutions with FARO's solutions. Building on this collaboration will strengthen both companies' offerings and provide a.
Neutral
GlobeNewsWire
2 months ago
FARO to Announce Financial Results for the Fourth Quarter and Year End 2024 on February 24, 2025
LAKE MARY, Fla., Feb. 17, 2025 (GLOBE NEWSWIRE) -- FARO® Technologies, Inc. (Nasdaq: FARO), a global leader in 4D digital reality solutions, today announced that after market close on Monday, February 24, 2025, it will release its financial results for the fourth quarter and full year ended December 31, 2024. In conjunction with the release, Peter Lau, President and Chief Executive Officer, and Matthew Horwath, Senior Vice President and Chief Financial Officer, will host a conference call on Monday, February 24, 2025, at 4:30 pm. ET. Interested parties can access the conference call by dialing +1 800-579-2543 (U.S.) or +1 785-424-1789 (International) and using the passcode FARO. To avoid a delay in connecting to the call, please dial in 10 minutes prior to the start time. A live webcast will be available in the Investor Relations section of FARO's website at: https://www.faro.com/about-faro/investor-relations/events
Neutral
GlobeNewsWire
3 months ago
FARO Technologies Pushes 3D Metrology Forward with New FARO Leap ST
Lake Mary, Fla, Jan. 23, 2025 (GLOBE NEWSWIRE) -- FARO® Technologies, Inc. (Nasdaq: FARO) has entered a new category of handheld scanning with the launch of FARO Leap ST ®. The new handheld solution expands the company's product portfolio, making FARO one of the few companies offering customers a complete range of portable 3D metrology devices.
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