NASDAQ:CGNXCognex Stock Price, Forecast & News

Cognex's stock was trading at $39.40 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, CGNX shares have increased by 53.4% and is now trading at $60.42. View which stocks have been most impacted by Coronavirus.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cognex in the last year. There are currently 4 sell ratings, 5 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Cognex.

Cognex is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Cognex.

Cognex Co. (NASDAQ:CGNX) announced its quarterly earnings data on Monday, April, 27th. The scientific and technical instruments company reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.08 by $0.03. The scientific and technical instruments company had revenue of $167.20 million for the quarter, compared to analyst estimates of $154.89 million. Cognex had a net margin of 26.58% and a return on equity of 14.96%. The business's revenue was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.17 earnings per share. View Cognex's earnings history.

Cognex announced a quarterly dividend on Monday, April 27th. Shareholders of record on Friday, May 15th will be given a dividend of $0.055 per share on Friday, May 29th. This represents a $0.22 annualized dividend and a yield of 0.36%. The ex-dividend date of this dividend is Thursday, May 14th. View Cognex's dividend history.

Cognex shares split on Monday, December 4th 2017. The 2-1 split was announced on Monday, October 30th 2017. The newly issued shares were issued to shareholders after the market closes on Friday, December 1st 2017. An investor that had 100 shares of Cognex stock prior to the split would have 200 shares after the split.

Cognex declared that its Board of Directors has initiated a share buyback program on Monday, October 29th 2018, which permits the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 2.8% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its stock is undervalued.

11 Wall Street analysts have issued 12-month price targets for Cognex's shares. Their forecasts range from $36.00 to $60.00. On average, they expect Cognex's stock price to reach $48.90 in the next twelve months. This suggests that the stock has a possible downside of 19.1%. View analysts' price targets for Cognex.

News articles about CGNX stock have been trending somewhat negative this week, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Cognex earned a news sentiment score of -1.7 on InfoTrie's scale. They also gave news stories about the scientific and technical instruments company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View the latest news about Cognex.

Cognex saw a decline in short interest during the month of June. As of June 15th, there was short interest totaling 6,770,000 shares, a decline of 17.6% from the May 31st total of 8,220,000 shares. Based on an average daily trading volume, of 1,340,000 shares, the short-interest ratio is presently 5.1 days. Currently, 4.1% of the shares of the company are short sold. View Cognex's Current Options Chain.

Some companies that are related to Cognex include FLIR Systems (FLIR), National Instruments (NATI), Coherent (COHR), Itron (ITRI), Badger Meter (BMI), OSI Systems (OSIS), Mesa Laboratories (MLAB), FARO Technologies (FARO), MTS Systems (MTSC), Vishay Precision Group (VPG) and Daktronics (DAKT). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Cognex investors own include NVIDIA (NVDA), Alibaba Group (BABA), Arista Networks (ANET), Paypal (PYPL), Micron Technology (MU), Netflix (NFLX), Walt Disney (DIS), Advanced Micro Devices (AMD), Activision Blizzard (ATVI) and Skyworks Solutions (SWKS).

Cognex trades on the NASDAQ under the ticker symbol "CGNX."

Shares of CGNX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of CGNX stock can currently be purchased for approximately $60.42.

Cognex has a market capitalization of $10.37 billion and generates $725.63 million in revenue each year. The scientific and technical instruments company earns $203.87 million in net income (profit) each year or $1.16 on an earnings per share basis. Cognex employs 2,267 workers across the globe.

The official website for Cognex is www.cognex.com.

Cognex's mailing address is ONE VISION DRIVE, NATICK MA, 01760. The scientific and technical instruments company can be reached via phone at 508-650-3000 or via email at [email protected]