An analyst upgrade highlights the case for investing in this exciting growth company. Machine vision company Cognex (CGNX -0.08%) recently received an analyst rating upgrade from hold to buy from HSBC. In addition, the price target was raised from $40 to $52. There's no doubt Cognex's fortunes are improving (the company returned to revenue growth in its last quarter). But is it enough to follow HSBC's lead and take a bullish opinion on the stock? As the HSBC analyst notes, the semiconductor and logistics ma ...

Our results were released earlier today. The press release, earnings presentation, and quarterly report on Form 10-Q are available on the Investor Relations section of our website. Robert Willett indicators, such as the PMI, in many of our most important geographies to be a tailwind for our business. Moving onto logistics, revenue grew year-on-year but was flat sequentially. Much of the business remained stable, and we executed a sizeable strategic project in the quarter, driving year-on-year growth. From a ...

Cognex Corporation (CGNX) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.13 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 37.50%. A quarter ago, it was expected that this company would post earnings of $0.11 per share when it actually produced earnings of $0.11, delivering no surprise.Over the last four quarters, the company has su ...

2 PART I: FINANCIAL INFORMATION ITEM 1: FINANCIAL STATEMENTS COGNEX CORPORATION CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share amounts) | --- | --- | --- | --- | --- | |-----------------------------------------------------------------------------------|-------|-------------------------------------------------|-------------------|-------------------------| | Revenue | $ | Three-months Ended \nMarch 31, 2024 \n210,797 | (unaudited) \n $ | April 2, 2023 \n201,124 | | Cost of revenue | | ...

Note: Numbers shown may not foot due to rounding. Cognex Reports First Quarter 2024 Results Table 1 (Dollars in thousands, except per share amounts) • Gross margin was 67.3% for Q1-24 compared to 71.5% for Q1-23 and 68.7% for Q4-23. We recorded $3 million in acquisition charges and amortization of intangible assets in cost of revenue in the quarter, primarily related to the Moritex acquisition. Adjusted gross margin was 68.8% for Q1-24 compared to 71.8% for Q1-23 and 70.7% for Q4-23, in line with our prior ...

NATICK, Mass., May 2, 2024 /PRNewswire/ -- Cognex Corporation (NASDAQ: CGNX) today announced that the company's Board of Directors declared a quarterly cash dividend of $0.075 per share, payable on May 30, 2024 to all shareholders of record at the close of business on May 16, 2024. About Cognex Cognex Corporation ("the Company" or "Cognex") invents and commercializes technologies that address some of the most critical manufacturing and distribution challenges. We are a leading global provider of machine vis ...

NATICK, Mass., May 2, 2024 /PRNewswire/ -- Cognex Corporation (NASDAQ: CGNX), a leading provider of machine vision for factory and warehouse automation, today announced the appointment of Dennis Fehr as Senior Vice President of Finance and Chief Financial Officer, effective May 3, 2024. In this role, Fehr will lead Cognex's global finance and information technology organizations. Fehr brings over 20 years of global experience across manufacturing, technology, and energy industries. Most recently, Fehr was t ...

AI provides broader capabilities and enhanced ease of use to accelerate automation projectsNATICK, Mass., April 25, 2024 /PRNewswire/ -- Cognex Corporation (NASDAQ: CGNX), a leading provider of machine vision for factory and warehouse automation, today announced that more customers are experiencing increased productivity and efficiency thanks to Cognex machine vision solutions using AI to tackle jobs that until recently could only be done by a human. Cognex customers are seeing increased productivity and ef ...

NATICK, Mass., April 11, 2024 /PRNewswire/ -- Cognex Corporation (NASDAQ: CGNX) will release earnings for the first quarter of 2024 on Thursday, May 2, 2024, before the market opens, and will host a conference call that same day at 8:30 a.m. Eastern Daylight Time (EDT). The earnings release and conference call are scheduled to coincide with the company's expected filing of its Form 10-Q for the quarter ended March 31, 2024. The telephone number for the live call is (877) 704-4573 (or (201) 389-0911 if outsi ...

AI-powered 3D vision system offers fast deployment and reliable inspections for manufacturing automationNATICK, Mass., April 2, 2024 /PRNewswire/ -- Cognex Corporation (NASDAQ: CGNX), the leader in industrial machine vision, today released the In-Sight® L38 3D Vision System, which combines AI, 2D, and 3D vision technologies to solve a range of inspection and measurement applications. The system creates unique projection images that combine 3D information into an easy-to-label 2D image for simplified trainin ...