CyberOptics Corporation (NASDAQ:CYBE) – Equities research analysts at Dougherty & Co cut their Q3 2017 EPS estimates for CyberOptics Corporation in a research report issued to clients and investors on Wednesday. Dougherty & Co analyst R. Ryan now forecasts that the scientific and technical instruments company will post earnings of ($0.15) per share for the quarter, down from their prior estimate of $0.02. Dougherty & Co currently has a “Buy” rating and a $21.00 target price on the stock. Dougherty & Co also issued estimates for CyberOptics Corporation’s FY2017 earnings at $0.06 EPS and FY2018 earnings at $0.30 EPS.
Other equities analysts have also issued research reports about the company. Craig Hallum set a $25.00 target price on CyberOptics Corporation and gave the company a “buy” rating in a report on Wednesday, August 23rd. ValuEngine lowered CyberOptics Corporation from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Finally, Lake Street Capital dropped 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 equities research analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $18.67.
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CyberOptics Corporation (NASDAQ CYBE) opened at 11.90 on Monday. The company’s 50-day moving average price is $14.88 and its 200 day moving average price is $20.19. The stock has a market capitalization of $82.95 million, a P/E ratio of 10.45 and a beta of -0.33. CyberOptics Corporation has a 52 week low of $11.35 and a 52 week high of $41.18.
CyberOptics Corporation (NASDAQ:CYBE) last announced its earnings results on Thursday, July 27th. 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). 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 analysts’ expectations of $16.02 million.
CyberOptics Corporation declared that its Board of Directors has initiated a stock 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 reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.
Large investors have recently bought and sold shares of the stock. FNY Partners Fund LP increased its holdings in CyberOptics Corporation by 96.5% in the first quarter. FNY Partners Fund LP now owns 5,867 shares of the scientific and technical instruments company’s stock valued at $152,000 after buying an additional 2,882 shares during the last quarter. UBS Group AG increased its holdings in CyberOptics Corporation by 26.4% in the first quarter. UBS Group AG now owns 15,170 shares of the scientific and technical instruments company’s stock valued at $393,000 after buying an additional 3,170 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in CyberOptics Corporation in the first quarter valued at $435,000. Royce & Associates LP increased its holdings in CyberOptics Corporation by 42.4% in the second quarter. Royce & Associates LP now owns 386,600 shares of the scientific and technical instruments company’s stock valued at $7,983,000 after buying an additional 115,100 shares during the last quarter. Finally, Heartland Advisors Inc. purchased a new position in CyberOptics Corporation in the second quarter valued at $2,065,000. 60.86% of the stock is currently owned by hedge funds and other institutional investors.
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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