CyberOptics Corporation (NASDAQ:CYBE) Posts Quarterly Earnings Results, Misses Expectations By $0.02 EPS

CyberOptics Corporation (NASDAQ:CYBE) released its earnings results on Thursday. The scientific and technical instruments company reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by $0.02, Bloomberg Earnings reports. CyberOptics Corporation had a net margin of 15.39% and a return on equity of 8.31%. The company had revenue of $16.41 million during the quarter, compared to the consensus estimate of $16.02 million.

Shares of CyberOptics Corporation (NASDAQ CYBE) traded down 27.06% on Friday, reaching $17.25. 934,284 shares of the company’s stock were exchanged. CyberOptics Corporation has a 12 month low of $15.43 and a 12 month high of $41.18. The company has a market cap of $119.77 million, a price-to-earnings ratio of 13.40 and a beta of -0.35. The firm’s 50-day moving average price is $22.90 and its 200 day moving average price is $26.76.

COPYRIGHT VIOLATION WARNING: This news story was first published by [[site]] and is owned by of [[site]]. If you are accessing this news story on another website, it was illegally copied and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be accessed at [[permalink]].

A number of hedge funds and other institutional investors have recently made changes to their positions in CYBE. Segantii Capital Management Ltd raised its position in shares of CyberOptics Corporation by 565.1% in the first quarter. Segantii Capital Management Ltd now owns 9,312 shares of the scientific and technical instruments company’s stock worth $242,000 after buying an additional 7,912 shares during the period. Laurion Capital Management LP bought a new position in shares of CyberOptics Corporation during the first quarter worth approximately $615,000. Stephens Investment Management Group LLC raised its position in shares of CyberOptics Corporation by 17.2% in the first quarter. Stephens Investment Management Group LLC now owns 243,823 shares of the scientific and technical instruments company’s stock worth $6,327,000 after buying an additional 35,823 shares during the period. Royce & Associates LP raised its position in shares of CyberOptics Corporation by 70.8% in the first quarter. Royce & Associates LP now owns 271,500 shares of the scientific and technical instruments company’s stock worth $7,045,000 after buying an additional 112,500 shares during the period. Finally, Victory Capital Management Inc. bought a new position in shares of CyberOptics Corporation during the first quarter worth approximately $1,171,000. Institutional investors and hedge funds own 51.33% of the company’s stock.

Several research firms recently weighed in on CYBE. Craig Hallum began coverage on shares of CyberOptics Corporation in a research note on Friday, April 7th. They issued a “buy” rating and a $35.00 target price for the company. Dougherty & Co reduced their target price on shares of CyberOptics Corporation from $55.00 to $35.00 and set a “buy” rating for the company in a research note on Friday. Zacks Investment Research upgraded shares of CyberOptics Corporation from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 7th. Finally, TheStreet cut shares of CyberOptics Corporation from a “b” rating to a “c+” rating in a research note on Wednesday, April 26th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $35.00.

CyberOptics Corporation Company Profile

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.