Cognex

Cognex Corp. engages in the provision of machine vision technologies. Its products are used to automate the manufacturing and tracking of discrete items, such as mobile phones, aspirin bottles, and automobile tires, by locating, identifying, inspecting, and measuring them during the manufacturing or distribution process. Its solutions include alignment, dimensioning, item detection, edge intelligence, logistics barcode reading systems and tunnels, water identification, and tire inspection. It operates through the following geographical segments: United States, Europe, Greater China, and Other. The company was founded by Robert J. Shillman, William Silver and Marilyn Matz in 1981 and is headquartered in Natick, MA.

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Cognex navigates post-pandemic challenges, eyes growth in automotive and EV markets

Cognex faces challenges in logistics post-pandemic but sees opportunities in automotive and EV battery markets. The company is investing in new products, supply chain diversification, and expanding its market reach through an emerging customer sales force initiative.

Cognex faces revenue challenges but eyes growth in EV batteries

Cognex navigated a challenging Q1 with declines in major end markets but maintained a strong financial position. Optimism surrounds growth drivers in EV batteries and cleantech, while caution is exercised in consumer electronics. Strategic investments in innovation and acquisitions are key focus areas for future growth.

Cognex reports Q2 revenue decline, eyes growth in emerging markets

Cognex's Q2 performance reflected revenue decline but maintained strong margins and cost management. The company anticipates softening in Q3 revenue due to manufacturing trends.
Management is optimistic about emerging customer initiatives and product launches, aiming for long-term growth despite market challenges.
Challenges in logistics and execution of EV projects persist, but Cognex is strategically positioned to leverage opportunities in new markets and supply chain diversification.

Cognex reports Q3 revenue decline but eyes growth in new markets and Asia expansion

Cognex's Q3 performance reflected revenue decline but strong gross margin and EPS. Strategic acquisitions and diversification efforts position the company for future growth. Challenges in Consumer Electronics and operating environment require careful management. Opportunities in Asia expansion, EV battery manufacturing, and new product sales present avenues for growth.

Cognex reports Q4 revenue decline but eyes growth opportunities

Cognex faced revenue decline in Q4 but maintains a strong financial position.
The company is optimistic about growth in logistics, consumer electronics, and EV industries.
Challenges include potential delays in EV projects and competition in targeted industries.
Balancing cost management and investments to drive growth and profitability.

Cognex beats revenue expectations, eyes logistics growth amid challenges

Cognex delivered strong Q1 results with revenue exceeding guidance.
Strategic initiatives and optimism in logistics market position the company well.
Challenges in operating expenses and market-specific declines require attention.
Opportunities in emerging markets and technology advancements offer growth potential.

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Cognex Corp. engages in the provision of machine vision products and solutions that improve efficiency and quality in a wide range of businesses across attractive industrial end markets. It operates through the following geographical segments: the United States, Europe, Greater China, and Other. The company was founded by Robert J. Shillman, William Silver, and Marilyn Matz on January 7, 1981 and is headquartered in Natick, MA.

NATICK, Mass. , Nov. 11, 2024 /PRNewswire/ -- Cognex Corporation (NASDAQ: CGNX) today announced that Rob Willett, President and Chief Executive Officer of Cognex, will present at the Baird 2024 Global Industrial Conference on Thursday, November 14, 2024, beginning at 10:05 a.m.

Cognex to Present at the Baird Global Industrial Conference

Cognex's emerging customer initiative and Moritex acquisition are driving growth, but the core business continues to struggle, with automotive an area of particular weakness. While end markets like logistics and semis are bright spots, I expect macro headwinds to persist, delaying a return to strong growth. Pricing pressure and investments in future growth are also likely to weigh on margins in the short term, but this isn't concerning given Cognex's track record of profitable growth.

Cognex: Not Out Of The Woods Yet

Cognex Corporation (NASDAQ:CGNX ) Q3 2024 Results Earnings Conference Call October 31, 2024 8:30 AM ET Company Participants Nathan McCurren - Head of Investor Relations and Treasurer Robert Willett - President and Chief Executive Officer Dennis Fehr - Senior Vice President of Finance and Chief Financial Officer Conference Call Participants Jamie Cook - Truist Securities Tommy Moll - Stephens Inc. Andrew Buscaglia - BNP Paribas Damian Karas - UBS Securities Michael Anastasiou - TD Cowen Jim Ricchiuti - Needham & Company Jacob Levinson - Melius Research Rob Mason - Robert W. Baird & Co. Operator Greetings.

Cognex Corporation (CGNX) Q3 2024 Earnings Call Transcript

Cognex Corporation (CGNX) came out with quarterly earnings of $0.20 per share, beating the Zacks Consensus Estimate of $0.17 per share. This compares to earnings of $0.16 per share a year ago.

Cognex Corporation (CGNX) Beats Q3 Earnings and Revenue Estimates

NATICK, Mass. , Oct. 30, 2024 /PRNewswire/ -- Cognex Corporation (NASDAQ: CGNX) today announced that the company's Board of Directors declared a quarterly cash dividend of $0.08 per share, payable on November 29, 2024 to all shareholders of record at the close of business on November 14, 2024.

Cognex Declares Quarterly Cash Dividend

NATICK, Mass. , Oct. 30, 2024 /PRNewswire/ -- Cognex Corporation (NASDAQ: CGNX) today reported financial results for the third quarter of 2024.

Cognex Reports Third Quarter 2024 Results

NATICK, Ma. , Oct. 11, 2024 /PRNewswire/ -- Cognex Corporation (NASDAQ: CGNX) will release earnings for the third quarter of 2024 on Wednesday, October 30, 2024, after market close.

Cognex Announces Third Quarter 2024 Earnings Release and Conference Call Dates

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The vision sensor market size is projected to reach US$ 8.33 billion by 2030 from US$ 3.28 billion in 2022 to register a CAGR of 12.4% in 2022–2030. The vision sensor market size is projected to reach US$ 8.33 billion by 2030 from US$ 3.28 billion in 2022 to register a CAGR of 12.4% in 2022–2030.

Vision Sensor Market Size Worth $8.33 Billion, Globally, by 2030 - Exclusive Report by The Insight Partners

Nvidia has become a battleground stock, but its competitive position in AI remains incredibly strong. Cognex's end markets are weak in 2024, but the company's best days lie ahead.

A Bull Market Is Here: 2 Incredibly Innovative Growth Stocks Down 14% and 59% to Buy Right Now

Investors need to pay close attention to Cognex (CGNX) stock based on the movements in the options market lately.

Is the Options Market Predicting a Spike in Cognex (CGNX) Stock?

Automotive and consumer discretionary spending remain weak in 2024. Cognex's cyclical recovery in logistics and semiconductors this year points the way to the recovery path for its other major end markets.

Here's Why Cognex Stock Slumped in August (and Why It's a Buying Opportunity)

Dublin, Sept. 03, 2024 (GLOBE NEWSWIRE) -- The "Inspection Machines - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering. The global market for Inspection Machines was estimated at US$718.3 Million in 2023 and is projected to reach US$999.2 Million by 2030, growing at a CAGR of 4.8% from 2023 to 2030. Inspection machines have become an integral part of quality control processes across various industries, ensuring that products meet stringent regulatory standards and customer expectations. These machines are used to detect defects, contaminants, and inconsistencies in products during manufacturing, packaging, and before shipment. Industries such as pharmaceuticals, food and beverage, electronics, and automotive rely heavily on inspection machines to maintain high-quality standards, reduce waste, and minimize the risk of recalls.

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Tesla is shooting for the stars. Cognex is looking like an excellent value for long-term investors.

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Relatively high interest rates are hitting automobile sales and consumer discretionary spending. The company's sales growth has always been volatile.

Take Advantage of the Dip to Buy This Unstoppable Long-Term Growth Stock

Weak market conditions are driving an ongoing slowdown in Cognex's business. AI is a focus area for Cognex at the moment, but the challenging demand environment means that current investments will likely take time to pay off. Cognex's margins will recover, and AI-enabled products should ensure robust growth for many years to come.

Cognex: Waiting For The Right Entry Point

New AI tool simplifies counting inspections for manufacturers across all industries NATICK, Mass. , Aug. 6, 2024 /PRNewswire/ -- Cognex Corporation (NASDAQ: CGNX), the leader in industrial machine vision, expanded the capabilities of its In-Sight SnAPP™ vision sensor with the launch of an AI-enabled counting tool.

Cognex Launches AI-Powered Counting Tool for In-Sight SnAPP Vision Sensors

Cognex Corporation CGNX reported mixed second-quarter financial results, after the closing bell on Wednesday.

These Analysts Cut Their Forecasts On Cognex Following Q2 Results

Cognex Corporation. (NASDAQ:CGNX ) Q2 2024 Earnings Conference Call August 1, 2024 8:30 AM ET Company Participants Nathan McCurren - Head of Investor Relations Robert Willett - President, Chief Executive Officer Dennis Fehr - Chief Financial Officer Conference Call Participants Andrew Buscaglia - BNP Paribas Tommy Moll - Stephens Inc. Piyush Avasthy - Citi.

Cognex Corporation (CGNX) Q2 2024 Earnings Call Transcript

Cognex's margins slumped last quarter. The company, however, expects double-digit year-over-year growth in Q3 revenue.

Why Artificial Intelligence (AI) Stock Cognex Crashed More Than 20% Today

Cognex Corporation (CGNX) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.32 per share a year ago.

Cognex Corporation (CGNX) Q2 Earnings and Revenues Top Estimates

NATICK, Mass. , July 31, 2024 /PRNewswire/ -- Cognex Corporation (NASDAQ: CGNX) today reported financial results for the second quarter of 2024.

Cognex Reports Second Quarter 2024 Results

Cognex (CGNX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

News for Cognex Stock (CGNX)