Cognex Corporation provides machine vision products that capture and analyze visual information in order to automate manufacturing and distribution tasks worldwide. Its machine vision products are used to automate the manufacturing 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 deep learning vision software. It also provides a range of inspection 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; the In-Sight product line of vision systems and sensors. In addition, the company offers ID products comprising DataMan image-based barcode readers and barcode verifiers. It sells its products to consumer electronics, automotive, consumer products, food and beverage, pharmaceuticals, and medical devices industries, as well as through a network of distributors and integrators. The company was founded in 1981 and is headquartered in Natick, Massachusetts.
IPO Year: 1989
Exchange: NASDAQ
Website: cognex.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/28/2025 | $35.00 | Hold → Buy | TD Cowen |
| 2/21/2025 | $33.00 | Buy → Hold | HSBC Securities |
| 12/20/2024 | $49.00 | Overweight | Cantor Fitzgerald |
| 11/5/2024 | $46.00 → $43.00 | Buy → Hold | Truist |
| 10/16/2024 | $45.00 → $55.00 | Equal-Weight → Overweight | Stephens |
| 7/29/2024 | $48.00 → $57.00 | Buy | Needham |
| 7/23/2024 | $58.00 | Buy | Vertical Research |
| 5/7/2024 | Hold → Buy | HSBC Securities | |
| 3/19/2024 | $42.00 → $54.00 | Neutral → Buy | UBS |
| 3/14/2024 | $47.00 | Buy | Truist |
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TD Cowen upgraded Cognex from Hold to Buy and set a new price target of $35.00
HSBC Securities downgraded Cognex from Buy to Hold and set a new price target of $33.00
Cantor Fitzgerald initiated coverage of Cognex with a rating of Overweight and set a new price target of $49.00
Truist downgraded Cognex from Buy to Hold and set a new price target of $43.00 from $46.00 previously
Stephens upgraded Cognex from Equal-Weight to Overweight and set a new price target of $55.00 from $45.00 previously
Needham reiterated coverage of Cognex with a rating of Buy and set a new price target of $57.00 from $48.00 previously
Vertical Research initiated coverage of Cognex with a rating of Buy and set a new price target of $58.00
HSBC Securities upgraded Cognex from Hold to Buy
UBS upgraded Cognex from Neutral to Buy and set a new price target of $54.00 from $42.00 previously
Truist initiated coverage of Cognex with a rating of Buy and set a new price target of $47.00
4 - COGNEX CORP (0000851205) (Issuer)
4 - COGNEX CORP (0000851205) (Issuer)
NATICK, Mass., April 30, 2025 /PRNewswire/ -- Cognex Corporation (NASDAQ:CGNX) today reported financial results for the first quarter ended March 30, 2025. First-Quarter Financial and Operating Highlights Revenue grew 2% year-on-year or 5% on a constant-currency basisOperating expenses declined 7% year-on-year, driven primarily by cost managementOperating margin of 12.1%; Adjusted EBITDA margin of 16.8%, above high end of guidanceReturned $116 million to shareholders during the quarter, highest amount since Q1 2022Expect to substantially mitigate direct cost impact of tariffs
NATICK, Mass., April 10, 2025 /PRNewswire/ -- Cognex Corporation (NASDAQ:CGNX) will release earnings for the first quarter of 2025 on Wednesday, April 30, 2025, after market close. The Company will host a conference call on Thursday, May 1, 2025, at 8:30 a.m. Eastern Daylight Time (EDT), to discuss the results. Access to the conference call, and a replay that will be available following the call, may be found on the Cognex Investor Relations website at https://www.cognex.com/investor. The telephone number for the live call is (877) 704-4573 or (201) 389-0911 if outside the Uni
NATICK, Mass., March 6, 2025 /PRNewswire/ -- Cognex Corporation (NASDAQ:CGNX) today announced that Dennis Fehr, Senior Vice President of Finance and Chief Financial Officer of Cognex, will present at the 2025 Cantor Fitzgerald Global Technology Conference on Wednesday, March 12, 2025, beginning at 10:00 a.m. Eastern Daylight Time. Users can listen to a real-time audio broadcast, or an archived recording, on the Events & Presentations section of the Cognex Investor Relations website: http://www.cognex.com/investor. About Cognex Corporation Cognex Corporation ("the Company" or "
NATICK, Mass., Feb. 12, 2025 /PRNewswire/ -- Cognex Corporation (NASDAQ:CGNX) today reported financial results for the fourth quarter and full year 2024. Table 1 below shows selected financial data for Q4-24 and the full year 2024 compared with Q4-23 and the full year 2023. "Cognex delivered strong results in the fourth quarter, with revenue at the high end of our guidance range. Growth was driven by continued momentum in our Logistics and Semiconductor businesses, including accelerated demand late in the quarter. Across most of our other factory automation end markets, deman
NATICK, Mass., Feb. 12, 2025 /PRNewswire/ -- Cognex Corporation (NASDAQ:CGNX) today announced that the company's Board of Directors declared a quarterly cash dividend of $0.08 per share, payable on March 13, 2025 to all shareholders of record at the close of business on February 27, 2025. About Cognex Cognex Corporation ("the Company" or "Cognex") invents and commercializes technologies that address some of the most critical manufacturing and distribution challenges. We are a leading global provider of machine vision products and solutions that improve efficiency and quality i
NATICK, Mass., Jan. 23, 2025 /PRNewswire/ -- Cognex Corporation (NASDAQ:CGNX) will release earnings for the fourth quarter of 2024 on Wednesday, February 12, 2025, after market close. The Company will host a conference call on Thursday, February 13, 2025 at 8:30 a.m. Eastern Standard Time (EST), to discuss the results. Access to the conference call, and a replay that will be available following the call, may be found on the Cognex Investor Relations website at https://www.cognex.com/investor. The telephone number for the live call is (877) 704-4573 or (201) 389-0911 if outside
DataMan 290 and 390 barcode readers, backed by industry-leading customer support, deliver unmatched reliability and ease of use NATICK, Mass., Jan. 14, 2025 /PRNewswire/ -- Cognex Corporation (NASDAQ:CGNX), the leader in industrial machine vision, today announced the launch of the DataMan® 290 and 390 barcode readers. Thanks to innovative AI technology, these readers deliver reliable decoding performance across a broad range of manufacturing applications. In addition, by making setup and deployment easy and intuitive, Cognex has given more users than ever the power to streamline barcode scanning processes and increase operational efficiency.
NATICK, Mass., Nov. 11, 2024 /PRNewswire/ -- Cognex Corporation (NASDAQ:CGNX) today announced that Rob Willett, President and Chief Executive Officer of Cognex, will present at the Baird 2024 Global Industrial Conference on Thursday, November 14, 2024, beginning at 10:05 a.m. Eastern Standard Time. Users can listen to a real-time audio broadcast, or an archived recording, on the Events & Presentations section of the Cognex Investor Relations website: http://www.cognex.com/investor. About Cognex Corporation Cognex Corporation ("the Company" or "Cognex") invents and commercializ
NATICK, Mass., Oct. 30, 2024 /PRNewswire/ -- Cognex Corporation (NASDAQ:CGNX) today reported financial results for the third quarter of 2024. Table 1 below shows selected financial data for Q3-24 compared with Q3-23 and Q2-24. "Cognex generated third quarter revenue and adjusted EBITDA margin in line with our guidance," said Robert J. Willett, CEO. "Revenue grew year-on-year on both a reported basis and excluding Moritex, led by continued strength in our Logistics and Semiconductor end markets. However, conditions across our broader factory automation business remain soft, wit
NATICK, Mass., Oct. 30, 2024 /PRNewswire/ -- Cognex Corporation (NASDAQ:CGNX) today announced that the company's Board of Directors declared a quarterly cash dividend of $0.08 per share, payable on November 29, 2024 to all shareholders of record at the close of business on November 14, 2024. This dividend represents an increase of $0.005 per share, or approximately 7%, over the $.075 per share dividend paid in the prior quarter. About Cognex Cognex Corporation ("the Company" or "Cognex") invents and commercializes technologies that address some of the most critical manufactu
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NATICK, Mass., May 2, 2024 /PRNewswire/ -- Cognex Corporation (NASDAQ:CGNX), a leading provider of machine vision for factory and warehouse automation, today announced the appointment of Dennis Fehr as Senior Vice President of Finance and Chief Financial Officer, effective May 3, 2024. In this role, Fehr will lead Cognex's global finance and information technology organizations. Fehr brings over 20 years of global experience across manufacturing, technology, and energy industries. Most recently, Fehr was the CFO of 6K Inc, a manufacturing technology company focused on strategi
NATICK, Mass., Jan. 3, 2024 /PRNewswire/ -- Cognex Corporation (NASDAQ:CGNX), a leading provider of machine vision for factory automation, today announced that Paul Todgham has resigned from his position as Senior Vice President, Finance and Chief Financial Officer effective March 15, 2024. Mr. Todgham will continue to serve in the role of CFO until March 15, 2024, and will remain available to the company on a consulting basis after that time. "Paul has been a valued member of our executive team over these past four years," said Rob Willett, Cognex's President and Chief Execu
Cognex Corporation (NASDAQ:CGNX) today announced the appointment of Angelos Papadimitriou to Cognex's Board of Directors, effective on February 17, 2023. Papadimitriou will serve on the Audit Committee. "We are excited for Angelos to join our board," said Anthony Sun, Chairman of Cognex. "His executive leadership experience, expertise in packaging machinery and industrial automation industries and European and international markets, and experience as an institutional investor will be a valuable asset to Cognex. We look forward to his insight and guidance." In addition, on February 15, 2023, Directors Theodor Krantz and Patrick Alias each informed the Company of his decision to retire from
Cognex Corporation (NASDAQ:CGNX) today announced the appointment of Dr. John T.C. Lee, President and Chief Executive Officer of MKS Instruments, Inc., to Cognex's Board of Directors, effective immediately. Dr. Lee will serve on the Audit Committee and Compensation/Stock Option Committee. "We are pleased to welcome John to our board," said Anthony Sun, Chairman of Cognex. "His executive perspective leading a large international technology company and extensive operating experience will strengthen our board. We look forward to his contributions in the years ahead." Dr. Lee has been Chief Executive Officer and has served on the board of directors of MKS Instruments, Inc. (NASDAQ:MKSI), a glo
Appoints Bhaskar Banerjee to SVP & Head of Strategy Luna Innovations Incorporated (NASDAQ:LUNA) today announced that Bhaskar Banerjee has been hired into a newly created position of Senior Vice President and Head of Strategy, effective immediately. Reporting directly to Luna President and CEO, Scott A. Graeff, Banerjee will be a key member of the executive leadership team. In this role, Banerjee, a technology executive with more than twenty years of experience in the semiconductor industry, will lead long-term planning, business and corporate development, and strategic investments, including acquisitions and divestitures. He will work closely with senior leaders to identify, analyze and re
NATICK, Mass.--(BUSINESS WIRE)--Cognex Corporation (NASDAQ: CGNX) today announced the appointment of Sachin S. Lawande, President and Chief Executive Officer of Visteon Corporation, to Cognex’s board of directors effective January 1, 2021. He is expected to serve on the Audit Committee. “We are very excited about Sachin joining our board,” said Dr. Robert J. Shillman, Founder, Chairman and Chief Culture Officer of Cognex. “His current leadership of a large international corporation that serves the automotive industry, one of Cognex’s key markets, his deep knowledge of technology, his prior responsibilities for managing the design and manufacture of complex electronic products con
NATICK, Mass., April 30, 2025 /PRNewswire/ -- Cognex Corporation (NASDAQ:CGNX) today reported financial results for the first quarter ended March 30, 2025. First-Quarter Financial and Operating Highlights Revenue grew 2% year-on-year or 5% on a constant-currency basisOperating expenses declined 7% year-on-year, driven primarily by cost managementOperating margin of 12.1%; Adjusted EBITDA margin of 16.8%, above high end of guidanceReturned $116 million to shareholders during the quarter, highest amount since Q1 2022Expect to substantially mitigate direct cost impact of tariffs
NATICK, Mass., April 10, 2025 /PRNewswire/ -- Cognex Corporation (NASDAQ:CGNX) will release earnings for the first quarter of 2025 on Wednesday, April 30, 2025, after market close. The Company will host a conference call on Thursday, May 1, 2025, at 8:30 a.m. Eastern Daylight Time (EDT), to discuss the results. Access to the conference call, and a replay that will be available following the call, may be found on the Cognex Investor Relations website at https://www.cognex.com/investor. The telephone number for the live call is (877) 704-4573 or (201) 389-0911 if outside the Uni
NATICK, Mass., Feb. 12, 2025 /PRNewswire/ -- Cognex Corporation (NASDAQ:CGNX) today reported financial results for the fourth quarter and full year 2024. Table 1 below shows selected financial data for Q4-24 and the full year 2024 compared with Q4-23 and the full year 2023. "Cognex delivered strong results in the fourth quarter, with revenue at the high end of our guidance range. Growth was driven by continued momentum in our Logistics and Semiconductor businesses, including accelerated demand late in the quarter. Across most of our other factory automation end markets, deman
NATICK, Mass., Feb. 12, 2025 /PRNewswire/ -- Cognex Corporation (NASDAQ:CGNX) today announced that the company's Board of Directors declared a quarterly cash dividend of $0.08 per share, payable on March 13, 2025 to all shareholders of record at the close of business on February 27, 2025. About Cognex Cognex Corporation ("the Company" or "Cognex") invents and commercializes technologies that address some of the most critical manufacturing and distribution challenges. We are a leading global provider of machine vision products and solutions that improve efficiency and quality i
NATICK, Mass., Jan. 23, 2025 /PRNewswire/ -- Cognex Corporation (NASDAQ:CGNX) will release earnings for the fourth quarter of 2024 on Wednesday, February 12, 2025, after market close. The Company will host a conference call on Thursday, February 13, 2025 at 8:30 a.m. Eastern Standard Time (EST), to discuss the results. Access to the conference call, and a replay that will be available following the call, may be found on the Cognex Investor Relations website at https://www.cognex.com/investor. The telephone number for the live call is (877) 704-4573 or (201) 389-0911 if outside
NATICK, Mass., Oct. 30, 2024 /PRNewswire/ -- Cognex Corporation (NASDAQ:CGNX) today reported financial results for the third quarter of 2024. Table 1 below shows selected financial data for Q3-24 compared with Q3-23 and Q2-24. "Cognex generated third quarter revenue and adjusted EBITDA margin in line with our guidance," said Robert J. Willett, CEO. "Revenue grew year-on-year on both a reported basis and excluding Moritex, led by continued strength in our Logistics and Semiconductor end markets. However, conditions across our broader factory automation business remain soft, wit
NATICK, Mass., Oct. 30, 2024 /PRNewswire/ -- Cognex Corporation (NASDAQ:CGNX) today announced that the company's Board of Directors declared a quarterly cash dividend of $0.08 per share, payable on November 29, 2024 to all shareholders of record at the close of business on November 14, 2024. This dividend represents an increase of $0.005 per share, or approximately 7%, over the $.075 per share dividend paid in the prior quarter. About Cognex Cognex Corporation ("the Company" or "Cognex") invents and commercializes technologies that address some of the most critical manufactu
NATICK, Ma., Oct. 11, 2024 /PRNewswire/ -- Cognex Corporation (NASDAQ:CGNX) will release earnings for the third quarter of 2024 on Wednesday, October 30, 2024, after market close. The Company will host a conference call on Thursday, October 31, 2024 at 8:30 a.m. Eastern Daylight Time (EDT), to discuss the results. Access to the conference call, and a replay that will be available following the call, may be found on the Cognex Investor Relations website at https://www.cognex.com/investor. The telephone number for the live call is (877) 704-4573 or (201) 389-0911 if outside the
NATICK, Mass., July 31, 2024 /PRNewswire/ -- Cognex Corporation (NASDAQ:CGNX) today reported financial results for the second quarter of 2024. Table 1 below shows selected financial data for Q2-24 compared with Q2-23 and Q1-24. "Cognex delivered second quarter revenue and gross margin in line with expectations and operating expenses favorable to our guidance," said Robert J. Willett, CEO. "Year-on-year revenue growth in the quarter was strong in our Logistics and Semiconductor end markets, however revenue across the rest of our factory automation business continues to be soft.
NATICK, Mass., July 31, 2024 /PRNewswire/ -- Cognex Corporation (NASDAQ:CGNX) today announced that the company's Board of Directors declared a quarterly cash dividend of $0.075 per share, payable on August 29, 2024 to all shareholders of record at the close of business on August 15, 2024. About Cognex Cognex Corporation ("the Company" or "Cognex") invents and commercializes technologies that address some of the most critical manufacturing and distribution challenges. We are a leading global provider of machine vision products and solutions that improve efficiency and quality i