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Cognex (CGNX) Competitors

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$48.04 +1.75 (+3.78%)
Closing price 04:00 PM Eastern
Extended Trading
$47.68 -0.35 (-0.74%)
As of 04:42 PM Eastern
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CGNX vs. NOVT, TRMB, ZBRA, COHR, ITRI, BMI, OSIS, DAKT, VPG, and MLAB

Should you be buying Cognex stock or one of its competitors? The main competitors of Cognex include Novanta (NOVT), Trimble (TRMB), Zebra Technologies (ZBRA), Coherent (COHR), Itron (ITRI), Badger Meter (BMI), OSI Systems (OSIS), Daktronics (DAKT), Vishay Precision Group (VPG), and Mesa Laboratories (MLAB).

Cognex vs. Its Competitors

Cognex (NASDAQ:CGNX) and Novanta (NASDAQ:NOVT) are both mid-cap computer and technology companies, but which is the better business? We will compare the two businesses based on the strength of their risk, earnings, media sentiment, profitability, dividends, valuation, analyst recommendations and institutional ownership.

88.1% of Cognex shares are owned by institutional investors. Comparatively, 98.4% of Novanta shares are owned by institutional investors. 1.6% of Cognex shares are owned by company insiders. Comparatively, 1.2% of Novanta shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.

Cognex presently has a consensus price target of $44.93, suggesting a potential downside of 6.47%. Novanta has a consensus price target of $133.00, suggesting a potential upside of 11.93%. Given Novanta's higher possible upside, analysts plainly believe Novanta is more favorable than Cognex.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Cognex
1 Sell rating(s)
8 Hold rating(s)
7 Buy rating(s)
2 Strong Buy rating(s)
2.56
Novanta
0 Sell rating(s)
3 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
2.00

Cognex has a net margin of 13.13% compared to Novanta's net margin of 6.41%. Novanta's return on equity of 14.70% beat Cognex's return on equity.

Company Net Margins Return on Equity Return on Assets
Cognex13.13% 6.65% 5.02%
Novanta 6.41%14.70%7.88%

Cognex has a beta of 1.5, suggesting that its share price is 50% more volatile than the S&P 500. Comparatively, Novanta has a beta of 1.49, suggesting that its share price is 49% more volatile than the S&P 500.

In the previous week, Cognex had 12 more articles in the media than Novanta. MarketBeat recorded 23 mentions for Cognex and 11 mentions for Novanta. Novanta's average media sentiment score of 1.30 beat Cognex's score of 0.96 indicating that Novanta is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Cognex
15 Very Positive mention(s)
2 Positive mention(s)
4 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive
Novanta
7 Very Positive mention(s)
1 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Cognex has higher earnings, but lower revenue than Novanta. Cognex is trading at a lower price-to-earnings ratio than Novanta, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Cognex$914.52M8.82$106.17M$0.7167.66
Novanta$949.24M4.50$64.09M$1.7069.89

Summary

Cognex beats Novanta on 9 of the 17 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding CGNX and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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CGNX vs. The Competition

MetricCognexELEC TEST EQUIPTMENT IndustryComputer SectorNASDAQ Exchange
Market Cap$8.07B$14.94B$33.33B$10.67B
Dividend Yield0.66%0.60%3.19%4.86%
P/E Ratio67.6628.72732.1928.52
Price / Sales8.8215.831,342.89129.07
Price / Cash69.0029.7237.9661.42
Price / Book5.383.987.516.52
Net Income$106.17M$510.76M$820.48M$276.75M
7 Day Performance3.71%2.10%532.76%0.21%
1 Month Performance3.47%3.84%628.56%1.68%
1 Year Performance23.94%8.64%24,406.17%32.79%

Cognex Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
CGNX
Cognex
4.7579 of 5 stars
$48.04
+3.8%
$44.93
-6.5%
+18.0%$8.07B$914.52M67.662,914Upcoming Earnings
Insider Trade
NOVT
Novanta
3.5113 of 5 stars
$108.43
+2.7%
$133.00
+22.7%
-32.3%$3.90B$949.24M63.783,000News Coverage
Positive News
TRMB
Trimble
4.5703 of 5 stars
$78.58
+1.5%
$92.10
+17.2%
+31.4%$18.70B$3.68B67.7412,100Positive News
ZBRA
Zebra Technologies
4.669 of 5 stars
$301.45
+2.8%
$369.56
+22.6%
-18.6%$15.33B$4.98B28.479,900Positive News
Upcoming Earnings
COHR
Coherent
2.946 of 5 stars
$120.16
+3.3%
$116.86
-2.7%
+19.0%$18.85B$5.81B-222.5130,216News Coverage
Analyst Forecast
Gap Up
ITRI
Itron
4.1033 of 5 stars
$134.03
+2.1%
$138.10
+3.0%
+30.8%$6.13B$2.44B22.915,788News Coverage
Upcoming Earnings
BMI
Badger Meter
4.8949 of 5 stars
$187.53
+4.2%
$232.00
+23.7%
-8.2%$5.53B$826.56M40.862,210Trending News
Earnings Report
Analyst Forecast
Analyst Revision
OSIS
OSI Systems
3.9022 of 5 stars
$254.10
+3.9%
$247.50
-2.6%
+73.0%$4.28B$1.71B29.217,337
DAKT
Daktronics
4.928 of 5 stars
$19.98
+2.2%
$26.00
+30.1%
+51.4%$969.63M$756.48M32.582,702Gap Up
VPG
Vishay Precision Group
1.612 of 5 stars
$36.96
+7.5%
$28.50
-22.9%
+48.9%$490.83M$306.52M-410.622,200
MLAB
Mesa Laboratories
1.6372 of 5 stars
$76.44
+4.6%
$67.00
-12.3%
-41.9%$420.42M$240.98M-546.00680

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This page (NASDAQ:CGNX) was last updated on 10/23/2025 by MarketBeat.com Staff
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