Faro Technologies (NASDAQ:FARO) Stock, Quote.Headers.trade-ideas

Faro Technologies

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.

BRCHF

FARO


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Faro Technologies Inc

Craig-Hallum analyst Greg Palm maintains Faro Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FARO#NASDAQ">FARO</a>) with a Buy and raises the price target from $30 to $33.

News

Price Target

Analyst Ratings

Craig-Hallum Maintains Buy on Faro Technologies, Raises Price Target to $33

Craig-Hallum analyst Greg Palm maintains Faro Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FARO#NASDAQ">FARO</a>) with a Buy and raises the price target from $25 to $30.

Craig-Hallum Maintains Buy on Faro Technologies, Raises Price Target to $30

WIIM

FARO Technologies shares are trading higher after the company reported better-than-expected Q3 financial results and issued Q4 adjusted EPS guidance above estimates.

<h3>Gainers</h3>
<ul>
<li>XTI Aerospace (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XTIA#NASDAQ">XTIA</a>) stock increased by 46.7% to $0.07 during Thursday's regular session. The company's market cap stands at $4.2 million. </li>
<li>AppLovin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) stock increased by 45.66% to $245.52. The company's market cap stands at $82.0 billion. As per the press release, Q3 earnings came out yesterday. </li>
<li>Faro Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FARO#NASDAQ">FARO</a>) shares moved upwards by 31.83% to $24.82. The market value of their outstanding shares is at $484.0 million. As per the press release, Q3 earnings came out yesterday. </li>
<li>IonQ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NYSE">IONQ</a>) stock moved upwards by 30.3% to $21.43. The market value of their outstanding shares is at $4.5 billion. As per the news, the Q3 earnings report came out yesterday. </li>
<li>Freshworks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRSH#NASDAQ">FRSH</a>) shares moved upwards by 27.0% to $16.62. The market value of their outstanding shares is at $5.0 billion. The company's, Q3 earnings came out yesterday. </li>
<li>Agora (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/API#NASDAQ">API</a>) shares increased by 22.25% to $3.79. The market value of their outstanding shares is at $345.9 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>FOXO Technologies (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/FOXO#AMEX">FOXO</a>) shares decreased by 48.0% to $0.41 during Thursday's regular session. The market value of their outstanding shares is at $5.5 million. </li>
<li>Digital Turbine (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPS#NASDAQ">APPS</a>) stock fell 47.26% to $1.71. The market value of their outstanding shares is at $175.6 million. As per the press release, Q2 earnings came out yesterday. </li>
<li>Wolfspeed (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>) shares decreased by 26.63% to $10.06. The market value of their outstanding shares is at $1.2 billion. As per the press release, Q1 earnings came out yesterday. </li>
<li>CommScope Hldg Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COMM#NASDAQ">COMM</a>) shares decreased by 26.26% to $5.12. The company's market cap stands at $1.0 billion. As per the press release, Q3 earnings came out today. </li>
<li>Diebold Nixdorf (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DBD#NYSE">DBD</a>) shares fell 18.95% to $40.44. The market value of their outstanding shares is at $1.5 billion. The company's, Q3 earnings came out today. </li>
<li>Clear Secure (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YOU#NYSE">YOU</a>) shares fell 18.78% to $31.23. The company's market cap stands at $2.9 billion. The company's, Q3 earnings came out today. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Movers

APPS

COMM

FOXO

FRSH

IONQ

WOLF

XTIA

12 Information Technology Stocks Moving In Thursday's Intraday Session

U.S. stocks were higher, with the Nasdaq Composite gaining around 200 points on Thursday.
Shares of HubSpot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBS#NYSE">HUBS</a>) rose sharply during Thursday's session after the company reported better-than-expected third-quarter financial results and issued FY24 <a href="https://www.benzinga.com/news/earnings/24/11/41790530/hubspot-shares-climb-after-strong-q3-results-eps-beat-revenues-beat">guidance above estimates</a>.
HubSpot reported quarterly earnings of $2.22 per share, which beat the analyst consensus estimate of $1.91. Quarterly revenue clocked in at $669.7 million which beat the analyst consensus estimate of $646.9 million and is an increase over sales of $557.55 million from the same period last year.
HubSpot shares jumped 7.9% to $645.11 on Thursday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>AppLovin Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) shares jumped 47% to $247.63 after the company reported better-than-expected third-quarter financial results.</li>
<li>Dutch Bros Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BROS#NYSE">BROS</a>) surged 39% to $48.57 following third-quarter earnings.</li>
<li>Emergent BioSolutions Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EBS#NYSE">EBS</a>) gained 34.8% to $12.40 after the company announced it evaluated the safety and efficacy of its new clinical trial of Brincidofovir in treating Mpox across Africa. PANTHER will conduct a clinical trial under The Leadership of Africa Centres for Disease Control and Prevention.</li>
<li>FARO Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FARO#NASDAQ">FARO</a>) gained 32.8% to $25.07 following third-quarter results.</li>
<li>Under Armour, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UAA#NYSE">UAA</a>) gained 32.7% to $11.61 after the company reported better-than-expected quarterly EPS and sales.</li>
<li>Lyft, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) gained 28.2% to $18.46 after the company reported better-than-expected quarterly financial results.</li>
<li>Freshworks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRSH#NASDAQ">FRSH</a>) jumped 26.2% to $16.51 following upbeat quarterly results.</li>
<li>Wolverine World Wide, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WWW#NYSE">WWW</a>) jumped 26.2% to $20.25 following strong quarterly results.</li>
<li>Zillow Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZG#NASDAQ">ZG</a>) gained 22.4% to $68.66 after the company reported better-than-expected quarterly financial results.</li>
<li>IonQ, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NYSE">IONQ</a>) rose 21.4% to $19.98 following third-quarter results.</li>
<li>Clearwater Analytics Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWAN#NYSE">CWAN</a>) gained 20.9% to $34.56 following better-than-expected quarterly earnings.</li>
<li>Hanesbrands Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HBI#NYSE">HBI</a>) gained 17% to $8.32 following upbeat earnings.</li>
<li>e.l.f. Beauty, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELF#NYSE">ELF</a>) rose 16% to $120.80 following stronger-than-expected quarterly earnings.</li>
<li>Guardant Health, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GH#NASDAQ">GH</a>) gained 15.5% to $29.20 after the company reported better-than-expected third-quarter financial results and raised its FY24 revenue guidance above estimates.</li>
<li>Kyndryl Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KD#NYSE">KD</a>) gained 15.3% to $27.81 after reporting upbeat quarterly results.</li>
<li>Warner Bros. Discovery, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NYSE">WBD</a>) surged 14.7% to $9.61 following third-quarter earnings.</li>
<li>EPAM Systems, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPAM#NYSE">EPAM</a>) gained 13.7% to $230.60 after the company reported better-than-expected third-quarter financial results and issued FY24 guidance above estimates.</li>
<li>McKesson Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCK#NYSE">MCK</a>) rose 10.4% to $606.61 as the company reported better-than-expected second-quarter financial results.</li>
<li>Mobileye Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) gained 9.7% to $16.95.</li>
<li>The Estée Lauder Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EL#NYSE">EL</a>) gained 6.6% to $67.46.</li>
<li>Arm Holdings plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NYSE">ARM</a>) gained 5.4% to $152.43 following second-quarter results.</li>
</ul>
Now Read This:<a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/41806634/jim-cramer-recommends-buying-this-utilities-stock-says-no-to-xp"> </a>
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/41806634/jim-cramer-recommends-buying-this-utilities-stock-says-no-to-xp">Jim Cramer Recommends Buying This Utilities Stock, Says No To XP</a></li>
</ul>

Intraday Update

Markets

BROS

CWAN

EPAM

HUBS

LYFT

MBLY

HubSpot Posts Better-Than-Expected Results, Joins Under Armour, Lyft, Wolverine World Wide, Zillow And Other Big Stocks Moving Higher On Thursday

Needham analyst James Ricchiuti maintains Faro Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FARO#NASDAQ">FARO</a>) with a Buy and raises the price target from $24 to $26.

Needham Maintains Buy on Faro Technologies, Raises Price Target to $26

Faro Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FARO#NASDAQ">FARO</a>) reported quarterly earnings of $0.21 per share which beat the analyst consensus estimate of $0.03 by 600 percent. The company reported quarterly sales of $82.563 million which beat the analyst consensus estimate of $78.972 million by 4.55 percent. This is a 4.90 percent decrease over sales of $86.813 million the same period last year.

Earnings

Earnings Beats

Faro Technologies Q3 2024 Adj. EPS $0.21 Beats $0.03 Estimate, Sales $82.563M Beat $78.972M Estimate

Faro Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FARO#NASDAQ">FARO</a>) is looking for Q4 Adj EPS of $0.32-0.52 vs $0.31 analyst estimate. seessales of $88.000 million-96.000 million vs $91.55 million estimate.

Guidance

Faro Technologies Sees Q4 Adj EPS $0.32-0.52 vs $0.31 Est; Sees Sales $88.000M-96.000M vs $91.55M Est

Faro Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FARO#NASDAQ">FARO</a>) is looking for Q4 GAAP EPS of $(0.15)-0.05 vs $0.01 analyst estimate..

Faro Technologies Sees Q4 GAAP EPS $(0.15)-0.05 vs $0.01 Est

Needham analyst James Ricchiuti maintains Faro Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FARO#NASDAQ">FARO</a>) with a Buy and lowers the price target from $27 to $24.

Needham Maintains Buy on Faro Technologies, Lowers Price Target to $24

Craig-Hallum maintains Faro Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FARO#NASDAQ">FARO</a>) with a Buy and lowers the price target from $29 to $25.

Craig-Hallum Maintains Buy on Faro Technologies, Lowers Price Target to $25

Outlook&nbsp;for the&nbsp;Third Quarter&nbsp;2024
For the&nbsp;third quarter&nbsp;ending&nbsp;September 30, 2024, FARO currently expects:
<ul>
<li>Revenue in the range of&nbsp;$76&nbsp;to&nbsp;$84 million</li>
<li>Gross margin in the range of&nbsp;53.0%&nbsp;to&nbsp;54.5%. Non-GAAP gross margin in the range of&nbsp;53.5%&nbsp;to&nbsp;55.0%</li>
<li>Operating expenses in the range of&nbsp;$45&nbsp;to&nbsp;$47 million. Non-GAAP operating expenses in the range of&nbsp;$40&nbsp;to&nbsp;$42 million</li>
<li>Net loss per share in the range of&nbsp;($0.32)&nbsp;to&nbsp;($0.12). Non-GAAP net loss to net income per share in the range of&nbsp;$(0.01)&nbsp;to&nbsp;$0.19.</li>
</ul>

FARO Technologies Expects Q3 Revenue Of $76M-$84M Vs. $83.609M Consensus; Sees Adj. EPS Of $(0.01) to $0.19 Vs. $(0.02) Consensus

Faro Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FARO#NASDAQ">FARO</a>) reported quarterly earnings of $0.18 per share which beat the analyst consensus estimate of $0.01 by 1700 percent. This is a 131.58 percent increase over losses of $(0.57) per share from the same period last year. The company reported quarterly sales of $82.085 million which missed the analyst consensus estimate of $83.651 million by 1.87 percent. This is a 6.94 percent decrease over sales of $88.211 million the same period last year.

Earnings Misses

Faro Technologies Q2 2024 Adj. EPS $0.18 Beats $0.01 Estimate, Sales $82.085M Miss $83.651M Estimate

Needham analyst James Ricchiuti reiterates Faro Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FARO#NASDAQ">FARO</a>) with a Buy and maintains $27 price target.

Reiteration

Needham Reiterates Buy on Faro Technologies, Maintains $27 Price Target

or the&nbsp;second quarter&nbsp;ending&nbsp;June 30, 2024, FARO currently expects:&nbsp;
	Gross margin in the range of&nbsp;50.5%&nbsp;to&nbsp;52.0%. Non-GAAP gross margin in the range
or the&nbsp;second quarter&nbsp;ending&nbsp;June 30, 2024, FARO currently expects:&nbsp;
<ul>
<li>Gross margin in the range of&nbsp;50.5%&nbsp;to&nbsp;52.0%. Non-GAAP gross margin in the range of&nbsp;51.0%&nbsp;to&nbsp;52.5%</li>
<li>Net loss per share in the range of&nbsp;($0.43)&nbsp;to&nbsp;($0.23)</li>
</ul>

FARO Technologies Expects Q2 Revenue Of $79M-$87M, Est $85.24M; Adj EPS Of $(0.08) to $0.12, Est $(0.02)

Faro Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FARO#NASDAQ">FARO</a>) reported quarterly earnings of $0.09 per share which beat the analyst consensus estimate of $(0.12) by 175 percent. This is a 123.68 percent increase over losses of $(0.38) per share from the same period last year. The company reported quarterly sales of $84.244 million which beat the analyst consensus estimate of $81.070 million by 3.92 percent. This is a 0.85 percent decrease over sales of $84.967 million the same period last year.

Faro Technologies Q1 2024 Adj EPS $0.09 Beats $(0.12) Estimate, Sales $84.244M Beat $81.070M Estimate

Management

On March 14, Faro Technologies' Board Confirmed Yuval Wasserman Would Return To Chairman Role Effective As Of April 15, 2024

FARO Technologies Expects Q1 Revenue Of $77M-$85M, Est $81.37M; Adj Loss Per Share Of ($0.20)-$0.00, Est $(0.10)

Small-cap growth stocks offer strong potential now due to robust economic growth, favorable sector performance, mispricing opportunities, and recent interest rate cuts, making Despegar.com (DESP), Fiverr International (FVRR), and FARO Technologies (FARO) attractive for diversification and higher returns, with Wall Street believing these stocks will soar. Read more... Small-cap growth stocks are attractive investments now due to their potential for higher growth and diversification benefits. They offer broader access to various sectors, and present opportunities for mispricing, enabling skilled managers to identify undervalued companies and enhance overall portfolio performance.
Therefore, investors could consider buying fundamentally strong small-cap growth stocks such as Despegar.com, Corp. (<a href="https://stocknews.com/stock/DESP/">DESP</a>), Fiverr International Ltd. (<a href="https://stocknews.com/stock/FVRR/">FVRR</a>), and FARO Technologies, Inc. (<a href="https://stocknews.com/stock/FARO/">FARO</a>), which Wall Street believes will soar.
The BEA reported a <a href="https://www.bea.gov/news/blog/2024-09-26/gross-domestic-product-third-estimate-corporate-profits-revised-estimate-and">3.0% rise</a> in Q2 2024 real GDP, up from 1.6% in Q1, driven by consumer spending and business investment. Notably, the Business Activity Index hit 59.9%, with new orders at 59.4%, marking the third consecutive month of expansion. The <a href="https://www.prnewswire.com/news-releases/services-pmi-at-54-9-september-2024-services-ism-report-on-business-302266144.html">Services PMI at 54.9%</a> reflects robust sector growth despite employment and supply chain challenges.
Consequently, with robust service sector activity and recent interest rate cuts, it may now be an opportune time to consider small-cap growth investments. Let's explore the fundamentals of the small-cap growth stocks mentioned above, which look poised to soar in the near term.
Despegar.com, Corp. (<a href="https://stocknews.com/stock/DESP/">DESP</a>)
Headquartered in Road Town, the British Virgin Islands, DESP is an online travel company that provides a range of travel and travel-related products to leisure and corporate travelers in Latin America and the United States. It operates through three segments: Air; Packages, Hotels, and Other Travel Products; and Financial Services. DESP is valued at $895.27 million by market cap.
On October 1, 2024, DESP announced the integration of NuPay as a new payment option on its travel platform, allowing Nubank's 95.50 million Brazilian customers to access DESP's services. This partnership enhances payment convenience and boosts conversion rates for both companies.
In terms of the trailing-12-month <a href="https://www.investopedia.com/terms/e/ebitda-margin.asp">EBITDA margin</a>, DESP's 17.93% is 58.5% higher than the 11.31% industry average. Its 69.53% trailing-12-month gross profit margin is 86.5% higher than the 37.29% industry average. Likewise, the stock's 51.79% trailing-12-month Return on Total Capital ratio is 740.7% higher than the 6.16% industry average.
DESP's revenue grew at a CAGR of 60.3% over the past three years. Likewise, its Total Assets grew at a CAGR of 3.1% over the past three years.
DESP's total revenue for the second quarter that ended June 30, 2024, rose 11.8% year-over-year to $185.05 million, and its gross profit grew 26.1% from the year-ago value to $133.10 million. For the same quarter, its adjusted net income and EPS came in at $30.22 million, up 397.2% year-over-year. Additionally, its earnings per share stood at $0.07.
For the quarter ended September 30, 2024, DESP's EPS is expected to increase 7% year-over-year to $190.53 million. Its EPS for the quarter ending December 31, 2024, is expected to rise 24.7% year-over-year to $0.34. It surpassed the consensus revenue estimates in each of the trailing four quarters.
Over the past year, DESP's stock has gained 72.2% to close the last trading session at $12.50. The average analyst price target of $5.25 indicates a <a href="https://www.tipranks.com/stocks/desp/forecast">21.7% upside potential</a>.
It's no surprise that DESP has an overall rating of B, which translates to a Buy in our proprietary <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It has a B grade for Growth, Value, and Quality. Within the A-rated <a href="https://stocknews.com/category/internet/">Internet</a> industry, it is ranked #11 out of 52 stocks. To see DESP's Momentum, Stability, and Sentiment ratings, <a href="https://stocknews.com/stock/DESP/">click here</a>.
Fiverr International Ltd. (<a href="https://stocknews.com/stock/FVRR/">FVRR</a>)
Valued at $835.04 million by market cap and headquartered in Tel Aviv, Israel, FVRR operates an online marketplace worldwide. Its platform enables sellers to offer their services and buyers to purchase them. The company's platform includes various categories across ten verticals, including graphic design, digital marketing, writing and translation, video and animation, music and audio, and programming and tech.
In terms of the trailing-12-month gross profit margin, FVRR's 83.34% is 165.8% higher than the 31.35% industry average. Similarly, its 18.49% trailing-12-month levered FCF margin is 186.9% higher than the 6.45% industry average.
FVRR's levered FCF grew at a CAGR of 22.2% over the past three years. Similarly, its revenue grew at a CAGR of 13.9% during the same period.
For the fiscal second quarter that ended June 30, 2024, FVRR's revenues increased 5.9% year-over-year to $94.66 million. Its gross profit rose 6.6% year-over-year to $78.64 million. The company's net income stood at $3.27 million, up considerably from the year-ago quarter, and its net income per share attributable to ordinary shareholders increased by 800% over the prior-year quarter to $0.08.
Street expects FVRR's EPS and revenue for the quarter ended September 30, 2024, to increase 10.1% and 4.2% year-over-year to $0.61 and $96.39 million, respectively. It surpassed the Street EPS estimates in each of the trailing four quarters.
Over the past six months, the stock has gained 14% to close the last trading session at $23.63. The average analyst price target of $31.11 indicates a <a href="https://www.tipranks.com/stocks/fvrr/forecast">31.9% upside potential</a>.
FVRR's strong fundamentals are reflected in its POWR Ratings. It has an overall rating of B, equating to a Buy in our proprietary rating system.
It has an A grade for Growth and a B for Value and Quality. It is ranked #4 in the Internet industry. Beyond what we stated above, we also have given FVRR grades for Momentum, Stability, and Sentiment. Get all the FVRR ratings <a href="https://stocknews.com/stock/FVRR/">here</a>.
FARO Technologies, Inc. (<a href="https://stocknews.com/stock/FARO/">FARO</a>)
Valued at $353.28 million by market cap, FARO designs, develops, manufactures, markets, and supports software-driven three-dimensional measurement, imaging, and realization solutions worldwide.
In terms of the trailing-12-month levered FCF margin, FARO's 10.66% is 3.1% higher than the 10.34% industry average. Its 53.81% trailing-12-month gross profit margin is 8.5% higher than the 49.60% industry average. Moreover, the stock's 0.72x trailing-12-month asset turnover ratio is 15.3% higher than the 0.62x industry average.
FARO's revenue grew at a CAGR of 3% over the past three years. Also, its EBITDA grew at a CAGR of 33.7% over the past three years.
FARO's net sales for the fiscal second quarter that ended June 30, 2024, amounted to $82.09 million. The company's non-GAAP gross profit grew 32.1% from the year-ago value to $45.16 million. Moreover, its non-GAAP net income stood at $3.36 million, or $0.18 per share, compared to a non-GAAP net loss of $10.75 million, or $0.57 per share, in the previous year.
Analysts expect FARO's EPS for the quarter ended September 30, 2024, to increase 50% year-over-year to 0.03. Its revenue for fiscal 2025 is expected to grow 5.1% year-over-year to $353.89 million. It surpassed the consensus EPS estimates in each of the trailing four quarters.
Over the past year, the stock has gained 22.4% to close the last trading session at $18.03. The average analyst price target of $24.50 indicates a <a href="https://www.tipranks.com/stocks/faro/forecast">36.2% upside potential</a>.
FARO's POWR Ratings reflect its solid prospects. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
FARO has a B grade for Growth, Value, and Quality. Within the A-rated <a href="https://stocknews.com/category/software-business/">Software - Business</a> industry, it is ranked #9 out of 40 stocks. To access FARO's additional ratings for Momentum, Stability, and Sentiment, <a href="https://stocknews.com/stock/FARO/">click here</a>.
What To Do Next?
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DESP shares were trading at $13.47 per share on Friday afternoon, up $0.91 (+7.25%). Year-to-date, DESP has gained 42.39%, versus a 21.12% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/desp-fvrr-faro-3-small-cap-growth-stocks-wall-street-believes-will-soar/>3 Small-Cap Growth Stocks Wall Street Believes Will Soar</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Small-Cap Growth Stocks Wall Street Believes Will Soar

FARO Technologies, Inc. (FARO) Q3 2024 Earnings Call Transcript

In a report released today, Greg Palm from Craig-Hallum maintained a Buy rating on Faro Technologies (FARO – Research Report), with a price target ...

Craig-Hallum Remains a Buy on Faro Technologies (FARO)

Meeting to be held in San Francisco on December 3 and in Denver on December 4 hosted by Craig-Hlalum. Published first on TheFly – the ultimate sour...

Faro Technologies management to meet with Craig-Hallum

Small-cap tech stocks could be investment opportunities right now, driven by their disruptive potential, innovative products, and the growing demand for AI and software, making companies like FARO Technologies (FARO), Kaltura (KLTR), and IBEX (IBEX) wise choices. Read on... The tech sector's disruptive potential lies in software-driven innovations like autonomous AI, immersive spatial computing, and energy-efficient algorithms. These technologies enhance productivity, security, and personalization, shaping future business models while addressing sustainability, ethical concerns, and real-time efficiency across industries.
Against this dynamic backdrop, investors may want to explore promising small-cap tech stocks with disruptive potential, such as FARO Technologies, Inc. (<a href="https://stocknews.com/stock/FARO/">FARO</a>), Kaltura, Inc. (<a href="https://stocknews.com/stock/KLTR/">KLTR</a>), and IBEX Limited (<a href="https://stocknews.com/stock/IBEX/">IBEX</a>).
Businesses are increasingly investing in AI and IT software to boost operations, streamline processes, and stay competitive. This rising spending is driven by the demand for effective solutions, with companies refining their evaluation and decision-making to avoid costly mistakes and maximize ROI. Global software spending is projected to <a href="https://www.gartner.com/en/newsroom/press-releases/2024-10-23-gartner-forecasts-worldwide-it-spending-to-grow-nine-point-three-percent-in-2025">grow 14%</a> to $1.23 trillion in 2025, up from 11.7% growth in 2024.
Furthermore, small-cap technology stocks offer significant growth potential as they are emerging companies with innovative products. While risks persist, they can provide larger returns if invested early, particularly in fast-growing industries like tech. Considering these favorable trends, let's analyze the fundamental aspects of the three small-cap tech picks.
FARO Technologies, Inc. (<a href="https://stocknews.com/stock/FARO/">FARO</a>)
Valued at $353.28 million by market cap, FARO designs, develops, manufactures, markets, and supports software-driven three-dimensional measurement, imaging, and realization solutions worldwide.
On October 15, 2024, FARO launched the Focus Premium Max 3D Laser Scanner, extending scanning range to 400 meters and reducing scanning time by up to 50% with Hybrid Reality Capture. The enhanced Focus portfolio simplifies workflows for applications in construction, geospatial, and public safety.
On October 8, 2024, FARO announced the Quantum X FaroArm Series, a portable coordinate measurement machine offering up to 15% higher accuracy and enhanced scanning capabilities for improved manufacturing efficiency. The series includes customizable options and reduces measurement time by up to 40% with the FARO 8-Axis Max rotary worktable.
FARO's 55.70% trailing-12-month <a href="https://www.investopedia.com/terms/g/gross_profit_margin.asp">gross profit margin</a> is 9.8% higher than the 50.73% industry average. Moreover, the stock's 0.71x trailing-12-month asset turnover ratio is 16% higher than the 0.62x industry average.
FARO's net sales for the fiscal third quarter that ended September 30, 2024, amounted to $82.56 million. The company's non-GAAP gross profit grew 9.3% year-over-year to $46.36 million. Moreover, its non-GAAP net income stood at $4 million, or $0.21 per share, up 774.2% and 600%, respectively, from the year-ago values.
Analysts expect FARO's revenue for the quarter ending December 31, 2024, to increase 11.1% year-over-year to 0.40. Its revenue for the quarter ending June 30, 2025, is expected to grow 6.3% year-over-year to $87.28 million. It surpassed the consensus EPS estimates in three of the trailing four quarters. Over the past month, the stock has gained 49.6% to close the last trading session at $26.46.
FARO's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its bright prospects. It has an overall rating of A, equating to a Strong Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 distinct factors, with each factor weighted to an optimal degree.
FARO has an A grade for Growth and a B for Value, Momentum, Sentiment, and Quality. Within the B-rated <a href="https://stocknews.com/category/software-business/">Software - Business</a> industry, it is ranked #5 out of 39 stocks. <a href="https://stocknews.com/stock/FARO/">Click here</a> for the additional POWR Ratings of FARO (Stability).
Kaltura, Inc. (<a href="https://stocknews.com/stock/KLTR/">KLTR</a>)
Valued at $356.27 million by market cap, KLTR provides various software-as-a-service (SaaS) and platform-as-a-service (PaaS) products and solutions internationally. The company operates through two segments: Enterprise, Education, and Technology (EE&amp;T); and Media and Telecom (M&amp;T).
On December 3, 2024, KLTR announced the beta launch of Work Genie, an AI-powered platform delivering hyper-personalized customer and employee experiences through immersive content creation. Fortune 100 and 500 companies are participating in the beta to enhance onboarding, engagement, and reskilling initiatives.
On November 19, 2024, KLTR announced the launch of "Class Genie," an AI-powered tool for hyper-personalized learning, during its Connect in Education event. Over half of the attending institutions enrolled in the beta program, which customizes educational content based on student needs and institutional data.
In terms of the trailing-12-month levered FCF margin, KLTR's 17.69% is 55.6% higher than the 11.37% industry average. Likewise, its 65.02% trailing-12-month gross profit margin is 28.2% higher than the 50.73% industry average. In addition, its 0.99x trailing-12-month asset turnover ratio is 61.2% higher than the 0.62x industry average.
KLTR's total revenue for the third quarter ended September 30, 2024, rose 1.7% year-over-year to $44.30 million. The company reported a non-GAAP gross profit of $29.91 million, up 6.4% year-over-year. For the same period, its net income attributable to common stockholders was $2.15 million, or $0.01 per share, compared to a net loss of $3.23 million, or $0.02 per share, in the prior year.
For the quarter ending March 31, 2025, KLTR's revenue is expected to grow marginally year-over-year to $44.87 million. Over the past six months, the stock has gained 126.7% to close the last trading session at $2.38.
KLTR's strong fundamentals are reflected in its POWR Ratings. It has an overall rating of A, equating to a Strong Buy in our proprietary rating system.
It is ranked #2 out of 18 stocks in the A-rated <a href="https://stocknews.com/category/software-saas/">Software - SAAS</a> industry. It has an A grade for Sentiment and a B for Growth, Value, Stability, and Quality. <a href="https://stocknews.com/stock/KLTR/">Click here</a> to see KLTR's Momentum rating.
IBEX Limited (<a href="https://stocknews.com/stock/IBEX/">IBEX</a>)
Valued at $273.42 million by market cap, IBEX provides end-to-end technology-enabled customer lifecycle experience solutions. The company's products and services portfolio include offers of customer service, technical support, revenue generation, and other value-added outsourced back-office services.
On October 29, 2024, IBEX announced the launch of Wave iX AI Virtual Agent, an advanced AI solution offering scalable, hyper-personalized customer support through seamless voice and text interactions. It integrates with existing systems to handle routine queries autonomously while ensuring efficient escalation for complex issues.
On October 9, 2024, IBEX announced a strategic partnership with Parloa to integrate Parloa's GenAI-powered AMP platform into its Wave iX solutions. This collaboration aims to enhance customer engagement with advanced AI and agent-assisted solutions for more personalized and efficient interactions at scale.
In terms of the trailing-12-month Return on Total Capital, IBEX's 11.52% is 58.6% higher than the 7.26% industry average. Likewise, its 11.02% trailing-12-month Return on Total Assets is 109.8% higher than the 5.25% industry average. Its 1.71x trailing-12-month asset turnover ratio is 117.9% higher than the industry average of 0.78x.
IBEX's total revenue for the first quarter ended September 30, 2024, increased by 4.1% year-over-year to $129.72 million. Its adjusted EBITDA grew 13.7% from the prior year to $15.59 million. Similarly, the company's adjusted net income and adjusted EPS rose 19.3% and 28.9% year-over-year, respectively, to $9.03 million and $0.52.
Street expects IBEX's EPS and revenue for the quarter ending December 31, 2024, to increase 14.8% and 1% year-over-year to $0.51 and $133.96 million, respectively. It surpassed the consensus EPS estimates in three of the trailing four quarters. Over the past six months, the stock has gained 29.3% to close the last trading session at $20.23.
IBEX's positive outlook is reflected in its POWR Ratings. It has an overall rating of A, equating to a Strong Buy in our proprietary rating system.
It has an A grade for Value and a B for Growth, Sentiment, and Quality. Within the <a href="https://stocknews.com/category/software-application/">Software - Application</a> industry, it is ranked #2 out of 127 stocks. Beyond what we stated above, we also have given IBEX grades for Momentum and Stability. Get all the IBEX ratings <a href="https://stocknews.com/stock/IBEX/">here</a>.
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FARO shares were trading at $26.52 per share on Wednesday afternoon, up $0.06 (+0.23%). Year-to-date, FARO has gained 17.71%, versus a 28.76% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/faro-kltr-ibex-3-small-cap-tech-stocks-with-disruptive-potential/>3 Small-Cap Tech Stocks With Disruptive Potential</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Small-Cap Tech Stocks With Disruptive Potential

Analysts have been eager to weigh in on the Technology sector with new ratings on Sprinklr (CXM – Research Report), Ciena (CIEN – Research Report) ...

Analysts Offer Insights on Technology Companies: Sprinklr (CXM), Ciena (CIEN) and Faro Technologies (FARO)

Craig-Hallum analyst Greg Palm maintained a Buy rating on Faro Technologies (FARO – Research Report) today and set a price target of $33.00. The co...

Craig-Hallum raised the firm's price target on Faro Technologies (FARO) to $33 from $30 and keeps a Buy rating on the shares after meeting with man...

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