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NASDAQ:CGNXCognex Stock Price, Forecast & News

$56.74
-6.30 (-9.99 %)
(As of 05/29/2020 04:00 PM ET)
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Today's Range
$55.77
Now: $56.74
$60.06
50-Day Range
$45.13
MA: $53.61
$63.11
52-Week Range
$35.20
Now: $56.74
$64.28
Volume3.61 million shs
Average Volume947,755 shs
Market Capitalization$9.74 billion
P/E Ratio51.58
Dividend Yield0.39%
Beta1.82
Cognex Corporation provides machine vision products that capture and analyze visual information in order to automate tasks primarily in manufacturing processes worldwide. It provides machine vision products, which are used to automate the manufacture and tracking of discrete items, including mobile phones, aspirin bottles, and automobile tires by locating, identifying, inspecting, and measuring them during the manufacturing or distribution process. The company offers VisionPro software, a suite of patented vision tools for advanced programming; Cognex Designer that allows customers to build vision applications with a graphical flowchart-based programming environment; and Cognex ViDi, a deep learning-based image analysis software. It also provides general-purpose vision systems for vision tasks, including part location, identification, measurement, assembly verification, and robotic guidance; and vision sensors for vision applications, such as checking the presence and size of parts comprising In-Sight product line of vision systems and a range of 3D vision systems. In addition, the company offers ID products comprising DataMan image-based barcode readers and barcode verifiers, as well as vision-enabled mobile terminals for industrial barcode reading applications. It sells its products to customers in the consumer electronics and automotive industries, and semiconductor and electronics capital equipment markets through direct sales force, as well as through a network of distributors and integrators. The company was founded in 1981 and is headquartered in Natick, Massachusetts.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.0Community Rank: 2.4Dividend Strength: 5.0Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.45 out of 5 stars


Industry, Sector and Symbol

Industry Process control instruments
Sub-IndustryElectronic Equipment & Instruments
Current SymbolNASDAQ:CGNX
CUSIP19242210
Phone508-650-3000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$725.63 million
Cash Flow$1.32 per share
Book Value$7.73 per share

Profitability

Net Income$203.87 million

Miscellaneous

Employees2,267
Market Cap$9.74 billion
Next Earnings Date8/3/2020 (Estimated)
OptionableOptionable

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Cognex (NASDAQ:CGNX) Frequently Asked Questions

How has Cognex's stock been impacted by COVID-19 (Coronavirus)?

Cognex's stock was trading at $39.40 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, CGNX stock has increased by 44.0% and is now trading at $56.74. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Cognex?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cognex in the last year. There are currently 3 sell ratings, 6 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Cognex.

When is Cognex's next earnings date?

Cognex is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020. View our earnings forecast for Cognex.

How were Cognex's earnings last quarter?

Cognex Co. (NASDAQ:CGNX) posted its quarterly earnings results on Monday, April, 27th. The scientific and technical instruments company reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.03. The scientific and technical instruments company earned $167.20 million during the quarter, compared to the consensus estimate of $154.89 million. Cognex had a return on equity of 14.96% and a net margin of 26.58%. Cognex's revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.17 EPS. View Cognex's earnings history.

How often does Cognex pay dividends? What is the dividend yield for Cognex?

Cognex declared a quarterly dividend on Monday, April 27th. Investors 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 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date is Thursday, May 14th. View Cognex's dividend history.

When did Cognex's stock split? How did Cognex's stock split work?

Cognex's stock split on Monday, December 4th 2017. The 2-1 split was announced on Monday, October 30th 2017. The newly created 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.

How will Cognex's stock buyback program work?

Cognex announced that its board has approved a share buyback program on Monday, October 29th 2018, which authorizes the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 2.8% of its stock through open market purchases. Stock buyback programs are often a sign that the company's leadership believes its shares are undervalued.

What price target have analysts set for CGNX?

11 brokerages have issued 12-month price targets for Cognex's stock. Their forecasts range from $36.00 to $60.00. On average, they anticipate Cognex's stock price to reach $48.80 in the next year. This suggests that the stock has a possible downside of 14.0%. View analysts' price targets for Cognex.

Has Cognex been receiving favorable news coverage?

Media coverage about CGNX stock has trended somewhat negative this week, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Cognex earned a news sentiment score of -1.0 on InfoTrie's scale. They also gave headlines 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 immediate future. View the latest news aboutCognex.

Who are some of Cognex's key competitors?

What other stocks do shareholders of Cognex own?

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).

Who are Cognex's key executives?

Cognex's management team includes the following people:
  • Dr. Robert J. Shillman, Founder, Exec. Chairman & Chief Culture Officer (Age 72)
  • Mr. Robert J. Willett, CEO, Pres & Exec. Director (Age 51)
  • Mr. John J. Curran, Sr. VP of Fin. & Admin., Treasurer and CFO (Age 53)
  • Ms. Sheila M DiPalma CPA, Sr. VP of Corp. Employee Services & Corp. Officer (Age 52)
  • Ms. Susan Conway, Sr. Director of Investor Relations

What is Cognex's stock symbol?

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

Who are Cognex's major shareholders?

Cognex's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (9.78%), Bank of New York Mellon Corp (7.30%), Brown Capital Management LLC (5.44%), State Street Corp (3.16%), Janus Henderson Group PLC (2.98%) and Eagle Asset Management Inc. (2.15%). Company insiders that own Cognex stock include Anthony Sun, Dianne M Parrotte, Jerry A Schneider, John J Curran, Laura Ann Macdonald, Robert Willett, Sheila Marie Dipalma and Theodor Krantz. View institutional ownership trends for Cognex.

Which major investors are selling Cognex stock?

CGNX stock was sold by a variety of institutional investors in the last quarter, including Fred Alger Management LLC, Manning & Napier Group LLC, Balyasny Asset Management LLC, BlackRock Inc., Federated Hermes Inc., UBS Group AG, Morgan Stanley, and Morgan Stanley. Company insiders that have sold Cognex company stock in the last year include Dianne M Parrotte, Jerry A Schneider, Laura Ann Macdonald, Robert Willett, Sheila Marie Dipalma, and Theodor Krantz. View insider buying and selling activity for Cognex.

Which major investors are buying Cognex stock?

CGNX stock was purchased by a variety of institutional investors in the last quarter, including Sumitomo Mitsui Trust Holdings Inc., Pictet Asset Management Ltd., Fundsmith LLP, New York State Common Retirement Fund, First Trust Advisors LP, Alliancebernstein L.P., Westpac Banking Corp, and Swiss National Bank. View insider buying and selling activity for Cognex.

How do I buy shares of Cognex?

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.

What is Cognex's stock price today?

One share of CGNX stock can currently be purchased for approximately $56.74.

How big of a company is Cognex?

Cognex has a market capitalization of $9.74 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.

What is Cognex's official website?

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

How can I contact Cognex?

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]

This page was last updated on 5/31/2020 by MarketBeat.com Staff

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