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NASDAQ:CGNX

Cognex Stock Forecast, Price & News

$60.60
-1.56 (-2.51 %)
(As of 09/23/2020 12:00 AM ET)
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Today's Range
$60.53
Now: $60.60
$62.54
50-Day Range
$60.62
MA: $65.53
$71.52
52-Week Range
$35.20
Now: $60.60
$71.76
Volume546,230 shs
Average Volume784,533 shs
Market Capitalization$10.49 billion
P/E Ratio74.81
Dividend Yield0.35%
Beta1.67
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: 0.8Community Rank: 2.4Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.56 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$1.29 per share
Book Value$7.85 per share

Profitability

Net Income$203.87 million

Miscellaneous

Employees2,267
Market Cap$10.49 billion
Next Earnings Date10/28/2020 (Confirmed)
OptionableOptionable
$60.60
-1.56 (-2.51 %)
(As of 09/23/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Cognex (NASDAQ:CGNX) Frequently Asked Questions

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

Cognex's stock was trading at $39.40 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, CGNX shares have increased by 53.8% and is now trading at $60.60.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Cognex?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cognex in the last year. There are currently 4 sell ratings, 4 hold ratings and 1 buy rating 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 Wednesday, October 28th 2020.
View our earnings forecast for Cognex
.

How can I listen to Cognex's earnings call?

Cognex will be holding an earnings conference call on Wednesday, October 28th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Cognex's earnings last quarter?

Cognex Co. (NASDAQ:CGNX) posted its quarterly earnings data on Wednesday, July, 29th. The scientific and technical instruments company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.10 by $0.11. The scientific and technical instruments company earned $169.10 million during the quarter, compared to analysts' expectations of $149.90 million. Cognex had a net margin of 20.50% and a return on equity of 10.67%. The business's quarterly revenue was down 15.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.27 earnings per share.
View Cognex's earnings history
.

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

Cognex declared a quarterly dividend on Wednesday, July 29th. Stockholders of record on Friday, August 14th will be paid a dividend of $0.055 per share on Friday, August 28th. This represents a $0.22 annualized dividend and a dividend yield of 0.36%. The ex-dividend date is Thursday, August 13th.
View Cognex's dividend history
.

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

Cognex's stock split before market open on Monday, December 4th 2017. The 2-1 split was announced on Monday, October 30th 2017. The newly issued shares were distributed 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 declared that its Board of Directors has authorized a share repurchase plan on Monday, October 29th 2018, which permits the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 2.8% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board of directors believes its stock is undervalued.

What guidance has Cognex issued on next quarter's earnings?

Cognex updated its third quarter 2020 After-Hours earnings guidance on Wednesday, July, 29th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $200-220 million, compared to the consensus revenue estimate of $178.29 million.

What price target have analysts set for CGNX?

9 equities research analysts have issued 1-year price objectives for Cognex's shares. Their forecasts range from $40.00 to $60.00. On average, they anticipate Cognex's stock price to reach $51.38 in the next twelve months. This suggests that the stock has a possible downside of 15.2%.
View analysts' price targets for Cognex
.

Are investors shorting Cognex?

Cognex saw a drop in short interest in August. As of August 31st, there was short interest totaling 5,170,000 shares, a drop of 15.9% from the August 15th total of 6,150,000 shares. Based on an average daily volume of 874,300 shares, the days-to-cover ratio is presently 5.9 days. Currently, 3.1% of the company's shares are short sold.
View Cognex's Short Interest
.

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), Paypal (PYPL), Netflix (NFLX), Advanced Micro Devices (AMD), Arista Networks (ANET), Activision Blizzard (ATVI), Micron Technology (MU), Square (SQ) and Walt Disney (DIS).

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 a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.13%), Bank of New York Mellon Corp (7.13%), Nordea Investment Management AB (1.69%), Neuberger Berman Group LLC (1.59%), Sumitomo Mitsui Trust Holdings Inc. (1.38%) and New York State Common Retirement Fund (1.19%). Company insiders that own Cognex stock include Anthony Sun, Dianne M Parrotte, Jerry A Schneider, John J Curran, Laura Ann Macdonald, Patrick Alias, Robert Willett, Sheila Marie Dipalma and Theodor Krantz.
View institutional ownership trends for Cognex
.

Which institutional investors are selling Cognex stock?

CGNX stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, State of Wisconsin Investment Board, First Trust Advisors LP, Bamco Inc. NY, Sumitomo Mitsui Trust Holdings Inc., Bank of New York Mellon Corp, Goldman Sachs Group Inc., and PDT Partners LLC. Company insiders that have sold Cognex company stock in the last year include Anthony Sun, Dianne M Parrotte, Jerry A Schneider, Laura Ann Macdonald, Patrick Alias, Robert Willett, Sheila Marie Dipalma, and Theodor Krantz.
View insider buying and selling activity for Cognex
.

Which institutional investors are buying Cognex stock?

CGNX stock was bought by a variety of institutional investors in the last quarter, including Nordea Investment Management AB, FIL Ltd, Rockefeller Capital Management L.P., Balyasny Asset Management LLC, MERIAN GLOBAL INVESTORS UK Ltd, Jennison Associates LLC, Bank of America Corp DE, and TD Asset Management Inc..
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 $60.60.

How big of a company is Cognex?

Cognex has a market capitalization of $10.49 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 9/24/2020 by MarketBeat.com Staff

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