On Thursday, Shares of CyberOptics Corporation (NASDAQ: CYBE) price closed at $18.25 in the trading session. After opening the first trading session at $18.05, it registered a day’s high of $18.40 and touched a day’s low of $17.90. The last trade was registered at price of $18.00 and volume was 68,468 as compared to it’s an average volume of 82,447.
CyberOptics Corporation (CYBE) recently stated operating results for the fourth quarter of 2017 ended December 31.
Fourth quarter sales, which were modestly above the before-issued guidance for this period, totaled $13.2M, contrast to $13.5M in the fourth quarter of 2016. CyberOptics also stated earnings of $503,000 or $0.07 per share, which included a $414,000 income tax benefit related to recent changes in federal income tax law. Earnings of $6.1M or $0.85 per share were stated in the fourth quarter of 2016, which included a $5.3M non-cash income tax benefit from the reversal of the valuation allowance for deferred income taxes.
For full-year 2017, CyberOptics stated sales of $53.3M, contrast to $66.2M in 2016. Earnings for the year came to $1.3M or $0.19 per share, contrast to $11.6M or $1.64 per share in 2016.
CyberOptics’ fourth quarter performance benefited from strongly higher sales of OEM sensors, including 3D MRS-enabled products, and WaferSense products for the semiconductor industry. Sales of all 3D MRS-based products raised 59% year-over-year to $3.8M in the fourth quarter of 2017. For the year, total MRS-based revenues rose 17% to $14.3M. However, the underlying growth rate was 88%, absent $4.7M of STHIRD QUARTER000 sales to one consumer in 2016.
CYBE) stock price showed strong performance of 3.11% in last seven days, switched down -0.54% in last thirty days and it fell -25.66% in last one year. It has 7.34 million of outstanding shares and its shares float measured at 6.82.
Dr. Subodh Kulkarni, president and chief executive officer, commented: “We are very optimistic about the future prospects of our 3D MRS technology, particularly in the areas of inspection and metrology for mid-end semiconductor and advanced packaging applications and inspection of complex electronics in areas such as automotive and mobile devices. As discussed before, we have started to make incremental additions to our sales team and will continue to enhance our global sales channels.”
He continued: “CyberOptics ended the fourth quarter of 2017 with an order backlog of $11.4M, up modestly from the level at the end of the third quarter. Sales of $12.5 – $13.5M are presently forecast-ed for the first quarter of 2018 ending March 31.”
CyberOptics Corporation’s (CYBE) price volatility for a month noted as 5.04% however its price volatility for a week documented as 4.91%. The corporation holds 7.34 million outstanding shares and its 6.82 million shares were floated in the market. The stock established a positive trend of 3.11% in last week and indicated fall of -0.54% in previous month.