CyberOptics Corporation (CYBE) Given Media Impact Score of 0.09
Media coverage about CyberOptics Corporation (NASDAQ:CYBE) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. CyberOptics Corporation earned a coverage optimism score of 0.09 on Accern’s scale. Accern also gave news headlines about the scientific and technical instruments company an impact score of 46.7167389899326 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern’s analysis:
- CyberOptics Corp. (CYBE) Has Tumbled To A New Low For The Year (nasdaq.com)
- Cyberoptics Enters Oversold Territory (CYBE) (thestreet.com)
- General Motors Drives To A Record High; Altice Stock Higher After Disney Deal (schaeffersresearch.com)
- BRIEF-Cyberoptics announces $3 mln share repurchase authorization (reuters.com)
- CyberOptics Revises Third Quarter Revenue Guidance and Provides Initial Fourth Quarter Forecast (broadwayworld.com)
CyberOptics Corporation (CYBE) traded down 0.42% during mid-day trading on Friday, reaching $11.90. 129,759 shares of the company traded hands. CyberOptics Corporation has a one year low of $11.35 and a one year high of $41.18. The firm has a market cap of $82.95 million, a PE ratio of 10.45 and a beta of -0.33. The stock’s 50-day moving average price is $14.88 and its 200-day moving average price is $20.19.
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 the consensus estimate of $0.17 by ($0.02). CyberOptics Corporation had a return on equity of 5.94% and a net margin of 14.32%. The business had revenue of $16.41 million for the quarter, compared to analyst estimates of $16.02 million. Analysts forecast that CyberOptics Corporation will post $0.02 earnings per share for the current fiscal year.
CyberOptics Corporation declared that its Board of Directors has initiated a share buyback plan on Monday, October 2nd that permits the company to buyback $3.00 million in shares. This buyback authorization permits the scientific and technical instruments company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.
Several research firms recently commented on CYBE. Dougherty & Co cut 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, July 28th. ValuEngine lowered shares of CyberOptics Corporation from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Craig Hallum set a $25.00 target price on shares of CyberOptics Corporation and gave the company a “buy” rating in a research note on Wednesday, August 23rd. Finally, Lake Street Capital cut their target price on shares of CyberOptics Corporation from $27.00 to $15.00 and set a “buy” rating for the company in a research note on Tuesday. One analyst has rated the stock with a sell rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $18.67.
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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.
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