Negative Media Coverage Likely to Impact CyberOptics (CYBE) Share Price
Media headlines about CyberOptics (NASDAQ:CYBE) have trended negative on Friday, Alpha One Sentiment reports. The research group, a unit of Accern, identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Alpha One ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CyberOptics earned a coverage optimism score of -0.29 on Alpha One’s scale. Alpha One also assigned media stories about the scientific and technical instruments company an impact score of 75 out of 100, indicating that recent media coverage is likely to have an effect on the company’s share price in the next few days.
CyberOptics (NASDAQ:CYBE) opened at 24.35 on Friday. CyberOptics has a 12 month low of $13.28 and a 12 month high of $41.18. The stock has a 50 day moving average of $25.16 and a 200-day moving average of $28.63. The stock has a market cap of $168.23 million, a P/E ratio of 14.85 and a beta of -0.23.
CyberOptics (NASDAQ:CYBE) last announced its earnings results on Tuesday, February 28th. The scientific and technical instruments company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. The business had revenue of $13.46 million for the quarter, compared to analyst estimates of $14.20 million. CyberOptics had a net margin of 8.48% and a return on equity of 13.65%. On average, equities analysts forecast that CyberOptics will post $0.79 EPS for the current fiscal year.
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CYBE has been the topic of a number of analyst reports. Dougherty & Co lifted their price objective on shares of CyberOptics from $45.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, January 18th. Craig Hallum initiated coverage on shares of CyberOptics in a research report on Friday, April 7th. They issued a “buy” rating and a $35.00 price objective on the stock. Lake Street Capital lifted their price objective on shares of CyberOptics from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, March 1st. Finally, Zacks Investment Research downgraded shares of CyberOptics from a “buy” rating to a “hold” rating in a research report on Friday, February 17th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $41.67.
In other news, Director Alex B. Cimochowski sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 29th. The shares were sold at an average price of $25.68, for a total transaction of $51,360.00. Following the transaction, the director now directly owns 13,515 shares in the company, valued at $347,065.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Michael M. Selzer sold 4,500 shares of the firm’s stock in a transaction that occurred on Monday, March 20th. The stock was sold at an average price of $26.34, for a total transaction of $118,530.00. Following the transaction, the director now owns 18,275 shares in the company, valued at $481,363.50. The disclosure for this sale can be found here. Company insiders own 3.70% of the company’s stock.
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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