Engaged Capital urges cost cutting at Cognex to boost share price

Core Viewpoint - Activist investor Engaged Capital has acquired a significant stake in Cognex and is advocating for cost-cutting measures and the engagement of cost consultants to enhance the company's stock price [1] Company Summary - Engaged Capital is pushing Cognex, a manufacturer of machine vision systems, to implement cost reduction strategies [1] - The involvement of Engaged Capital indicates a potential shift in Cognex's operational strategy aimed at improving financial performance [1]