CyberOptics Corporation | $CYBE Stock | Shares Fall Despite Strong Fourth Quarter Operating Results

CyberOptics Corporation

CyberOptics Corporation  (NASDAQ: CYBE)



CyberOptics Corporation  (CYBE), a global company that sells high precision sensor products yesterday reported their fourth quarter and year over year operating results. Cyberoptics fourth quarter net income came out to $6.1 million or $0.85 per share.Cyberoptics sales increased 18% to $13.5 million which was up from $11.5 million same quarter last year.


CyberOptics Corporation CEO’s Comments

Dr. Subodh Kulkarni, president and chief executive officer, commented: “Our solidly improved operating metrics in this year’s fourth quarter, which were consistent with our previously-issued guidance, capped a strong 2016 for CyberOptics as we made strong inroads in our targeted markets with our 3D MRS technology platform. This disruptive technology has enabled CyberOptics to capitalize upon the growing demand for high-precision inspection solutions in the consumer electronics, semiconductor and 3D sensing markets. We also benefited from the strongly growing acceptance of our WaferSense/ReticleSense product line in the semiconductor capital equipment market. In addition, we are making significant progress with a research initiative aimed at applying our 3D MRS technology to front-end semiconductor inspection, which could have a major impact on our long-term performance. In all, we believe that our advanced technologies and product portfolios have positioned CyberOptics to perform strongly in 2017 and beyond.”  Business Wire


CYBE Technical Analysis

CyberOptics Corporation

CYBE opened trading yesterday at $34.45 which was down from the previous day’s trading close of $34.75. Shares closed trading yesterday at $34.40 and spiked down after market to $30.15, equivalent to a 12% decrease from the closing price. Taking a look at the daily chart we can see that the last time CYBE traded below these levels we have to go all the way back to January 16th, when it traded at $28.95.

Taking a closer look at the daily chart we can see that before the spike down CYBE had been in an overall upward trend dating back to August 22nd, 2016 when it traded at $16.67. CYBE has a float of 6.29 million shares and traded 1.59 times the normal daily trading volume on Tuesday.

For trading purposes, I would like to see CYBE open trading on Wednesday below $31.50 and if it does I would be looking to take a short position at the bell. My stop loss would be $0.30 from my entry position fearing anything more than that and the stock would start to fill in the gap down.


Company Profile

CyberOptics Corporation develops, manufactures, and sells high precision sensor products worldwide. It offers surface mount technology (SMT) electronic assembly alignment sensor products, including LaserAlign sensors for incorporation into pick-and-place machines; BoardAlign Camera that identifies fiducial markings on a circuit board and aligns the board in the pick-and-place machine prior to component placement; and InPrinter Inspection Camera, which identifies fiducial markings on a circuit board to ensure accurate board registration prior to placement of solder paste.

The company also offers 3D solder paste inspection sensors; multi-reflection suppression sensors for semiconductor and SMT industries; strobe inspection modules for use in 2D automated optical inspection (AOI) systems; SMT inspection system products used in the SMT electronic assembly industry for process control and inspection; and 3D solder paste measurement machines.

In addition, it provides AOI products to inspect circuit boards after component placement; 3D scanning systems and services to the metrology market; and WaferSense family of products that provide measurements of critical factors in the semiconductor fabrication process.

The company sells its products to the manufacturers of electronic circuit board assembly equipment, and semiconductor DRAM and SSD memory products; and end-user electronic assembly manufacturers, including original design manufacturers, electronic manufacturing service providers, and outsourced semiconductor assembly and test companies through independent representatives and distributors. CyberOptics Corporation was founded in 1984 and is headquartered in Minneapolis, Minnesota.  Yahoo Finance