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.

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NATICK, Mass. , July 12, 2024 /PRNewswire/ -- Cognex Corporation (NASDAQ: CGNX) will release earnings for the second quarter of 2024 on Wednesday, July 31, 2024, after market close.

Cognex Announces Second Quarter 2024 Earnings Release and Conference Call Dates

Cognex has been struggling due to weak capex cycles in major end-markets, leading to a sharp reset in investor expectations for revenue and margins. Key end-markets like auto and consumer electronics remain soft, but semiconductor demand is picking up and logistics demand may have stabilized ahead of slow re-expansion in the coming years. Cognex is focusing on developing new markets for its machine vision products through initiatives to expand its salesforce and product portfolio, and long-term automation demand is underpinned by worker shortages.

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Cognex Corporation (NASDAQ:CGNX ) Q1 2024 Earnings Conference Call May 2, 2024 8:30 AM ET Company Participants Robert Willett - President, Chief Executive Officer Nathan McCurren - Head of Investor Relations Conference Call Participants Damian Karas - UBS Rob Mason - Robert W. Baird Michael - Cowen Jacob Levinson - Melius Research Tommy Moll - Stephens Inc. Andrew Buscaglia - BNP Paribas Piyush Avasthy - Citi Jairam Nathan - Daiwa Capital Markets Operator Greetings.

Cognex (CGNX) Q1 2024 Earnings Call Transcript

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.

Cognex Corporation (CGNX) Tops Q1 Earnings and Revenue Estimates

NATICK, Mass. , May 2, 2024 /PRNewswire/ -- Cognex Corporation (NASDAQ: CGNX) today reported financial results for the first quarter of 2024.

Cognex Reports First Quarter 2024 Results

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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.

Cognex Names Dennis Fehr as Chief Financial Officer

AI provides broader capabilities and enhanced ease of use to accelerate automation projects NATICK, 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 Reach New Levels of Success with AI-Powered Solutions

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.

Cognex Announces First Quarter Earnings Release Date and Conference Call

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AI-powered 3D vision system offers fast deployment and reliable inspections for manufacturing automation NATICK, 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.

Cognex Launches the World's First 3D Vision System with AI

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The 380 Modular Vision Tunnel expands the capabilities of logistics operations NATICK, Mass. , March 27, 2024 /PRNewswire/ -- Cognex Corporation (NASDAQ: CGNX), the leader in industrial machine vision, today introduced the 380 Modular Vision Tunnel, a new addition to the Modular Vision Tunnel portfolio, featuring the powerful DataMan® 380 barcode reader.

Cognex Launches Flexible, Data-Driven Tunnel Solution Powered by the DataMan 380 Barcode Reader

NATICK, Mass. , Feb. 29, 2024 /PRNewswire/ -- Cognex Corporation (NASDAQ: CGNX) today announced that Rob Willett, President and Chief Executive Officer of Cognex, will present at the 45th Annual Raymond James Institutional Investors Conference on Tuesday, March 5, 2024, beginning at 7:30 a.m.

Cognex to Present at Raymond James Institutional Investors Conference

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Cognex Corporation (CGNX) came out with quarterly earnings of $0.11 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.27 per share a year ago.

News for Cognex Stock (CGNX)