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 stock has increased by 55.6% and is now trading at $61.32. 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) issued its quarterly earnings data on Monday, April, 27th. The scientific and technical instruments company reported $0.11 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.08 by $0.03. The scientific and technical instruments company had revenue of $167.20 million for the quarter, compared to the consensus estimate of $154.89 million. Cognex had a net margin of 26.58% and a return on equity of 14.96%. The business's revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.17 earnings per share. View Cognex's earnings history.

Cognex declared a quarterly dividend on Monday, April 27th. Stockholders of record on Friday, May 15th will be paid 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.

Shares of Cognex split on Monday, December 4th 2017. The 2-1 split was announced on Monday, October 30th 2017. The newly minted shares were payable to shareholders after the closing bell 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 announced that its board has authorized a stock repurchase program on Monday, October 29th 2018, which allows the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 2.8% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board believes its shares are undervalued.

11 analysts 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 $48.90 in the next year. This suggests that the stock has a possible downside of 20.3%. View analysts' price targets for Cognex.

Press coverage about CGNX stock has trended negative recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Cognex earned a daily sentiment score of -2.1 on InfoTrie's scale. They also assigned headlines about the scientific and technical instruments company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the next few 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 days-to-cover ratio is presently 5.1 days. Currently, 4.1% of the company's shares 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."

Cognex's stock is owned by many different retail and institutional investors. Top institutional investors include Riverbridge Partners LLC (0.27%), Envestnet Asset Management Inc. (0.07%), DNB Asset Management AS (0.01%) and IBM Retirement Fund (0.00%). 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.

CGNX stock was sold by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc.. 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.

CGNX stock was acquired by a variety of institutional investors in the last quarter, including Riverbridge Partners LLC, IBM Retirement Fund, and DNB Asset Management AS. View insider buying and selling activity for 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.

One share of CGNX stock can currently be purchased for approximately $61.32.

Cognex has a market capitalization of $10.53 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]