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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Cognex Corporation (CGNX) delivered earnings and revenue surprises of -12.90% and 0.24%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Cognex Corporation (CGNX) Misses Q4 Earnings and Revenue Estimates

Cognex Corporation (NASDAQ:CGNX ) Q4 2022 Earnings Conference Call February 16, 2023 5:00 PM ET Company Participants Nathan McCurren - Head of Investor Relations Robert Willett - President & Chief Executive Officer Paul Todgham - Chief Financial Officer Conference Call Participants Josh Pokrzwinski - Morgan Stanley Joe Ritchie - Goldman Sachs Joe Giordano - Cowen Guy Hardwick - Credit Suisse Jacob Levinson - Melius Research Jim Ricchiuti - Needham & Company Rob Mason - Baird Paul Chung - JPMorgan Matt Summerville - D.A. Davidson Jairam Nathan - Daiwa Capital Markets Operator Greetings, and welcome to the Cognex Fourth Quarter 2022 Earnings Conference Call.

Cognex Corporation (CGNX) Q4 2022 Earnings Call Transcript

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NATICK, Mass.--(BUSINESS WIRE)--Cognex Corporation (NASDAQ: CGNX) today reported financial results for 2022. Table 1 below shows selected financial data for Q4-22 compared with Q4-21 and Q3-22, and the year ended December 31, 2022 compared with the year ended December 31, 2021. “Our fourth quarter results were in line with our guidance, but are not representative of our long-term growth expectations,” said Robert J. Willett, CEO of Cognex.

Cognex Reports Fourth Quarter and Full Year 2022 Results

NATICK, Mass.--(BUSINESS WIRE)--Cognex Corporation (NASDAQ: CGNX) today announced the appointment of Angelos Papadimitriou to Cognex's Board of Directors, effective on February 17, 2023. Papadimitriou will serve on the Audit Committee. “We are excited for Angelos to join our board,” said Anthony Sun, Chairman of Cognex.

Cognex Announces Appointment of New Board Member and Retirement of Two Board Members

Cognex has been hammered by a sharp decline in its logistics business, as Amazon has shifted from "investment" to "digestion" with its distribution capex. Logistics revenue will likely see another double-digit drop in 2023, and Cognex's other two major markets - autos and consumer electronics - seem unlikely to fill the void.

Cognex Languishing Through A Painful Reset Of A Major Growth Market

NATICK, Mass.--( BUSINESS WIRE )--Cognex Corporation (NASDAQ: CGNX), the leading machine vision company, has acquired SAC Sirius Advanced Cybernetics GmbH, a German leader in lighting technology (“SAC”). The acquisition expands Cognex's footprint across industries that manufacture at high speed with minimal tolerance for safety-critical failures, such as automotive and consumer electronics. Cognex plans to feature SAC's Trevista products with its Vision Pro software offering.

Cognex Acquires German Lighting Technology Provider SAC

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Cognex Corporation (NASDAQ:CGNX ) Q3 2022 Earnings Conference Call November 3, 2022 5:00 PM ET Company Participants Susan Conway - Senior Director of Investor Relations Rob Willett - President & Chief Executive Officer Paul Todgham - Chief Financial Officer Conference Call Participants Joe Giordano - Cowen Joe Ritchie - Goldman Sachs Josh Pokrzwinski - Morgan Stanley Jake Levinson - Melius Research Jim Ricchiuti - Needham & Company Jairam Nathan - Daiwa Capital Markets Will Jellison - D.A. Davidson Damian Karas - UBS Rob Mason - Baird Operator Greetings, and welcome to the Cognex Third Quarter 2022 Earnings Conference Call.

Cognex Corporation (CGNX) Q3 2022 Earnings Call Transcript

Cognex Corporation (CGNX) delivered earnings and revenue surprises of 75% and 6.28%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Cognex Corporation (CGNX) Surpasses Q3 Earnings and Revenue Estimates

Cognex Reports Third Quarter 2022 Results

Cognex Corporation (CGNX) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Cognex Corporation (CGNX) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

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Amid a range of challenges, Cognex (NASDAQ: CGNX ), which designs and manufactures imaging-based products, encouraged investors with an upgraded revenue guidance, sending CGNX stock more than 7% higher on Tuesday early afternoon. Previously, the company suffered a fire at one of its facilities, causing analysts to become pessimistic on its prospects.

Cognex (CGNX) Stock Surges 7% on Increased Revenue Guidance

NATICK, Mass.--(BUSINESS WIRE)--Cognex Corporation (NASDAQ: CGNX) today announced that it has increased its revenue guidance for the third quarter of 2022 ahead of the company's triennial Analyst Day. The company now expects revenue to be between $195 million and $205 million as compared to the company's previous guidance of $160 million to $180 million, which was given on August 2, 2022. This increase is primarily due to the company's ability to fulfill customer demand sooner than anticipated

Cognex Increases Revenue Guidance for the Third Quarter Prior to Analyst Day

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