News articles about CyberOptics Corporation (NASDAQ:CYBE) have been trending somewhat positive this week, according to Accern. Accern identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CyberOptics Corporation earned a daily sentiment score of 0.07 on Accern’s scale. Accern also assigned news articles about the scientific and technical instruments company an impact score of 46.856604760114 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
CyberOptics Corporation (NASDAQ CYBE) traded up $0.85 during mid-day trading on Monday, hitting $15.15. The company’s stock had a trading volume of 103,216 shares, compared to its average volume of 128,027. CyberOptics Corporation has a 1 year low of $11.35 and a 1 year high of $41.18. The stock has a market cap of $99.69, a P/E ratio of 65.00, a price-to-earnings-growth ratio of 16.34 and a beta of -0.37.
CyberOptics Corporation (NASDAQ:CYBE) last posted its earnings results on Tuesday, October 24th. The scientific and technical instruments company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. CyberOptics Corporation had a return on equity of 3.24% and a net margin of 12.86%. The firm had revenue of $11.83 million for the quarter. research analysts predict that CyberOptics Corporation will post 0.04 earnings per share for the current year.
CyberOptics Corporation declared that its board has authorized a share repurchase program on Monday, October 2nd that permits the company to buyback $3.00 million in outstanding shares. This buyback authorization permits the scientific and technical instruments company to buy shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its shares are undervalued.
CYBE has been the subject of a number of recent analyst reports. Craig Hallum set a $25.00 price target on CyberOptics Corporation and gave the company a “buy” rating in a research report on Wednesday, August 23rd. Dougherty & Co reiterated a “buy” rating and set a $21.00 target price (down previously from $35.00) on shares of CyberOptics Corporation in a report on Tuesday, October 3rd. ValuEngine downgraded CyberOptics Corporation from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Finally, Lake Street Capital reduced their target price on CyberOptics Corporation from $27.00 to $15.00 and set a “buy” rating on the stock in a report on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating and three have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $18.67.
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About CyberOptics Corporation
Cyberoptics Corporation is a developer and manufacturer of sensing technology solutions. The Company’s products and services are used in the surface mount technology (SMT), semiconductor and three dimensional (3D) scanning solutions and services markets. Its products are sold into the electronics assembly, dynamic random access memory (DRAM) and flash memory, and semiconductor fabrication capital equipment markets.
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