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 |
|---|---|---|---|
| 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 |
| 10/5/2023 | $55.00 | Outperform | Exane BNP Paribas |
| 10/3/2023 | Sector Weight | KeyBanc Capital Markets | |
| 8/30/2023 | $52.00 | Neutral | Citigroup |
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
NATICK, Mass., July 12, 2024 /PRNewswire/ -- Cognex Corporation (NASDAQ:CGNX) will release earnings for the second quarter of 2024 on Wednesday, July 31, 2024, after market close. The Company will host a conference call on Thursday, August 1, 2024 at 8:30 a.m. Eastern Daylight Time (EDT), to discuss the results. Access to the conference call, and a replay which 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 U
NATICK, Mass., May 2, 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 May 30, 2024 to all shareholders of record at the close of business on May 16, 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 in high-
NATICK, Mass., May 2, 2024 /PRNewswire/ -- Cognex Corporation (NASDAQ:CGNX) today reported financial results for the first quarter of 2024. Table 1 below shows selected financial data for Q1-24 compared with Q1-23 and Q4-23. "Our first quarter results reflected a challenging, yet stable business environment," said Robert J. Willett, CEO of Cognex. "Revenue across most of our factory automation end markets was down year-on-year in the quarter. Revenue improved sequentially as we are seeing early indications of recovery in certain end markets." Mr. Willett continued, "We recentl
NATICK, Mass., April 11, 2024 /PRNewswire/ -- Cognex Corporation (NASDAQ:CGNX) will release earnings for the first quarter of 2024 on Thursday, May 2, 2024, before the market opens, and will host a conference call that same day at 8:30 a.m. Eastern Daylight Time (EDT). The earnings release and conference call are scheduled to coincide with the company's expected filing of its Form 10-Q for the quarter ended March 31, 2024. The telephone number for the live call is (877) 704-4573 (or (201) 389-0911 if outside the United States). Internet users can listen to a real-time audio br
NATICK, Mass., Feb. 15, 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 March 14, 2024 to all shareholders of record at the close of business on February 29, 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
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In the latest quarter, 9 analysts provided ratings for Cognex (NASDAQ:CGNX), showcasing a mix of bullish and bearish perspectives. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 5 1 2 0 1 Last 30D 1 0 0 0 0 1M Ago 1 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 3 1 2 0 1 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $49.78, a high estimate of $58.00, and a low estimate of $41.00. Surpassing the previous average price target of $4
Vertical Research analyst Kevin McCarthy initiates coverage on Cognex (NASDAQ:CGNX) with a Buy rating and announces Price Target of $58.
9 analysts have expressed a variety of opinions on Cognex (NASDAQ:CGNX) over the past quarter, offering a diverse set of opinions from bullish to bearish. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 1 3 0 1 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 3 1 2 0 1 3M Ago 0 0 1 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $48.11, a high estimate of $55.00, and a low estimate of $41.00. This current average reflects an i
Truist Securities analyst Jamie Cook maintains Cognex (NASDAQ:CGNX) with a Buy and raises the price target from $50 to $55.
On CNBC's “Mad Money Lightning Round,” Jim Cramer recommended buying Cloudflare, Inc. (NYSE:NET) “right here.” The company reported upbeat earnings for its first quarter and issued fiscal 2024 revenue guidance below estimates. Cognex Corporation (NASDAQ:CGNX) is a “niche” company, Cramer said. “I kind of like it, makes money.” On May 2, Cognex reported better-than-expected first-quarter results, issued second-quarter revenue guidance and named a new CFO. The “Mad Money” host said KKR & Co. Inc. (NYSE:KKR) and Blackstone Inc. (NYSE:BX) have been winners and he likes them very much. “I typically don't like to recommend these companies because I don't know what they own. But sometimes
HSBC analyst Helen Fang upgrades Cognex (NASDAQ:CGNX) from Hold to Buy and announces $52 price target.
Truist Securities analyst Jamie Cook reiterates Cognex (NASDAQ:CGNX) with a Buy and raises the price target from $47 to $50.
Goldman Sachs analyst Joe Ritchie maintains Cognex (NASDAQ:CGNX) with a Sell and raises the price target from $36 to $41.
Stephens & Co. analyst Tommy Moll maintains Cognex (NASDAQ:CGNX) with a Equal-Weight and raises the price target from $40 to $45.
Bernstein analyst Jay Huang maintains Cognex (NASDAQ:CGNX) with a Outperform and raises the price target from $52 to $55.
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
Exane BNP Paribas initiated coverage of Cognex with a rating of Outperform and set a new price target of $55.00
KeyBanc Capital Markets initiated coverage of Cognex with a rating of Sector Weight
Citigroup initiated coverage of Cognex with a rating of Neutral and set a new price target of $52.00
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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., 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
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
US & Canada, Sept. 25, 2024 (GLOBE NEWSWIRE) -- According to a new comprehensive report from The Insight Partners, the global vision sensor market is observing significant growth owing to surge in increasing importance of component identification and inspection devices in automotive industry and growing funding and investment in developing and advancing vision sensor. Global vision sensor market experiences significant growth due to increasing importance of component identification and inspection devices in automotive industry and growing funding and investment in developing and advancing vision sensor. Browse More Insights: https://www.theinsightpartners.com/reports/vision-sensor-m
New AI tool simplifies counting inspections for manufacturers across all industries NATICK, Mass., Aug. 6, 2024 /PRNewswire/ -- Cognex Corporation (NASDAQ:CGNX), the leader in industrial machine vision, expanded the capabilities of its In-Sight SnAPP™ vision sensor with the launch of an AI-enabled counting tool. This innovative software tool transforms how manufacturers handle counting tasks, allowing them to easily automate assembly verification and quantity checks that were previously time-consuming or prone to error. This advanced AI technology also provides an ease of use that lets more manufacturers accurately count challenging part types including objects of similar size, reflective an
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
NATICK, Mass., July 12, 2024 /PRNewswire/ -- Cognex Corporation (NASDAQ:CGNX) will release earnings for the second quarter of 2024 on Wednesday, July 31, 2024, after market close. The Company will host a conference call on Thursday, August 1, 2024 at 8:30 a.m. Eastern Daylight Time (EDT), to discuss the results. Access to the conference call, and a replay which 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 U
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