Welcome to our dedicated page for Cognex Corporation news (Ticker: $CGNX), a resource for investors and traders seeking the latest updates and insights on Cognex Corporation stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Cognex Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Cognex Corporation's position in the market.
Rhea-AI Summary
Cognex Corporation (NASDAQ: CGNX) will release earnings for the fourth quarter of 2023 on February 15, 2023, and will host a conference call. The earnings release and conference call are scheduled to coincide with the company's expected filing of its Form 10-K for the year ended December 31, 2023. Internet users can listen to a real-time audio broadcast of the conference call or an archived recording on the Cognex Investor Relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.44%
Tags
-
Rhea-AI Summary
Cognex Corporation (NASDAQ: CGNX) announced the resignation of Paul Todgham, 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. Cognex is conducting a search process to identify a new CFO.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.1%
Tags
-
Rhea-AI Summary
Cognex Corporation (NASDAQ: CGNX) has declared a quarterly cash dividend of $0.075 per share, payable on December 1, 2023. This represents a 7% increase over the previous quarter's dividend.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.01%
Tags
Rhea-AI Summary
Cognex Corporation (NASDAQ: CGNX) reported Q3-23 financial results in line with guidance. Revenue decreased by 6% compared to Q3-22, primarily due to lower revenue from consumer electronics and soft investment by customers. Gross margin was 72% for Q3-23. RD&E expenses decreased by 4%, while SG&A expenses increased by 9%. Cognex acquired Moritex Corporation for approximately $270 million. Cognex expects Q4-23 revenue to be between $175 million and $195 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.01%
Tags
-
Rhea-AI Summary
Cognex Corporation completes acquisition of Moritex Corporation
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.65%
Tags
-
Rhea-AI Summary
Cognex Corporation to release Q3 2023 earnings on October 31, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.31%
Tags
Rhea-AI Summary
Cognex to acquire Moritex for $275 million, expanding product portfolio and deepening penetration in the Japanese machine vision market
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.04%
Tags
-
News
Rhea-AI Summary
OSARO partners with Cognex to achieve >99% accuracy on Zenni's fulfillment line
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.34%
Tags
-
Rhea-AI Summary
Cognex Corporation (NASDAQ: CGNX) declares $0.07 quarterly cash dividend, payable on September 1, 2023, to shareholders of record as of August 18, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.08%
Tags
Rhea-AI Summary
Cognex Corporation reports Q2-23 financial results, with revenue at the top end of expectations and favorable operating expenses leading to a strong sequential step-up in operating margin. However, the company acknowledges weakening business conditions in its markets. Q2-23 revenue decreased by 12% compared to Q2-22, primarily due to softness in e-commerce logistics and weaker demand from factory automation customers. Gross margin was 74% for Q2-23. RD&E expenses decreased by 1% while SG&A expenses increased by 4% from Q2-22. Cognex recorded a pre-tax gain of $2.5 million in Q2-23 for proceeds from business interruption insurance related to a fire in Q2-22. Cognex's financial position as of July 2, 2023, remained strong with $832 million in cash and investments and no debt. Cognex expects Q3-23 revenue to be between $180 million and $200 million, with a decrease in gross margin and a decrease in operating expenses. Non-GAAP effective tax rate is expected to be 16%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.08%
Tags
Cognex Corporation
Nasdaq:CGNX
CGNX Rankings
CGNX Stock Data
8.15B
162.40M
0.25%
95.28%
2.58%
Instruments and Related Products Manufacturing for Measuring, Displaying, and Controlling Industrial Process Variables
Manufacturing
United States of America
NATICK
About CGNX
cognex corporation designs, develops, manufactures and markets a range of products that incorporate sophisticated machine vision technology that gives them the ability to "see." cognex products include barcode readers, machine vision sensors and machine vision systems that are used in factories, warehouses and distribution centers around the world to guide, gauge, inspect, identify and assure the quality of items during the manufacturing and distribution process. cognex is the world's leader in the machine vision industry, having shipped more than 900,000 vision-based products, representing over $3.5 billion in cumulative revenue, since the company's founding in 1981. headquartered in natick, massachusetts, usa, cognex has regional offices and distributors located throughout north america, japan, europe, asia and latin america. for details visit cognex online at http://www.cognex.com.