CyberOptics Corporation (NASDAQ:CYBE) is scheduled to issue its quarterly earnings data after the market closes on Monday, October 23rd. Analysts expect the company to announce earnings of $0.24 per share for the quarter.
CyberOptics Corporation (NASDAQ:CYBE) last issued its quarterly earnings results on Thursday, July 27th. The scientific and technical instruments company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). CyberOptics Corporation had a net margin of 14.32% and a return on equity of 5.94%. The business had revenue of $16.41 million for the quarter, compared to the consensus estimate of $16.02 million. On average, analysts expect CyberOptics Corporation to post $0.06 EPS for the current fiscal year and $0.3 EPS for the next fiscal year.
CyberOptics Corporation (CYBE) opened at 12.55 on Monday. CyberOptics Corporation has a 12 month low of $11.35 and a 12 month high of $41.18. The firm’s 50-day moving average is $14.53 and its 200-day moving average is $19.65. The company has a market capitalization of $87.49 million, a PE ratio of 11.02 and a beta of -0.33.
CyberOptics Corporation announced that its Board of Directors has initiated a stock buyback 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 purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.
A hedge fund recently bought a new stake in CyberOptics Corporation stock. State Street Corp bought a new stake in shares of CyberOptics Corporation (NASDAQ:CYBE) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 79,727 shares of the scientific and technical instruments company’s stock, valued at approximately $1,645,000. State Street Corp owned about 1.14% of CyberOptics Corporation as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 60.86% of the company’s stock.
CYBE has been the topic of several analyst reports. Dougherty & Co cut their target price on CyberOptics Corporation from $55.00 to $35.00 and set a “buy” rating on the stock in a research report on Friday, July 28th. ValuEngine downgraded CyberOptics Corporation from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Craig Hallum set a $25.00 target price on CyberOptics Corporation and gave the company a “buy” rating in a research report on Wednesday, August 23rd. Finally, Lake Street Capital cut their target price on CyberOptics Corporation from $27.00 to $15.00 and set a “buy” rating on the stock in a research report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $18.67.
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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