FARO Technologies, Inc. (NASDAQ:FARO) Investor Investigation Over Possible Securities Laws Violations Announced

If you purchased shares of FARO Technologies, Inc. (NASDAQ:FARO), you have certain options and you should contact the Shareholders Foundation, Inc.

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Company Name(s): 
FARO Technologies
Affected Securities: 
NASDAQ: FARO

April 27, 2015 (Shareholders Foundation) - An investigation on behalf of investors of FARO Technologies, Inc. (NASDAQ:FARO) shares over potential securities laws violations by FARO Technologies and certain of its directors and officers in connection certain financial statements was announced.

Shares of FARO Technologies, Inc. (NASDAQ:FARO) declined from as high as $64 per share on April 15, 2015 to as low as $42.82 per share on April 24, 2015.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of FARO Technologies, Inc. (NASDAQ:FARO) concerning whether a series of statements by FARO Technologies regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

FARO Technologies, Inc. reported that its annual Total Revenue rose from $291.78 million in 2013 to $341.83 million in 2014 and that its respective Net Income increased from $21.51 million to $33.65 million.
Shares of FARO Technologies, Inc. (NASDAQ:FARO) grew from $42.10 per share in May 2014 to as high as $65.37 per share in late 2014, respectively $64 per share on April 15, 2015.

On April 17, 2015, FARO Technologies, Inc. announced its preliminary, unaudited sales for its first quarter of 2015. FARO Technologies, Inc. said that it expects to report quarterly sales of approximately $70 million for the first quarter ended March 28, 2015, a decrease of approximately 5% from the same quarter last fiscal year