Cognex Corp Stock Price, News & Analysis

Cognex Corporation (NASDAQ: CGNX) has acquired SAC Sirius Advanced Cybernetics GmbH, a prominent German lighting technology firm. This acquisition will enhance Cognex’s capabilities in defect detection, especially for electric vehicle (EV) battery manufacturers. SAC's Trevista products will integrate with Cognex's Vision Pro software, targeting the fast-growing EV battery inspection market, vital for maintaining safety standards. Founded in 1996, SAC serves major European automotive suppliers, positioning Cognex to strengthen its presence across high-speed manufacturing sectors.

Cognex Corporation (NASDAQ: CGNX) declared a quarterly cash dividend of $0.07 per share, marking an increase of 8% from the previous quarter's $0.065 per share. This dividend is payable on December 2, 2022, to shareholders on record as of November 18, 2022.

Cognex is a leader in the machine vision industry, with over $9 billion in cumulative revenue from more than 3 million shipped products since its inception in 1981.

Cognex Corporation (NASDAQ: CGNX) reported Q3-22 financial results showing a 26% revenue decline year-over-year at $209.6 million, and a 57% drop in net income to $34 million. Influencing factors included a June fire that destroyed inventory and slowing e-commerce projects. Despite a gross margin increase to 73%, Cognex anticipates continued challenges, projecting Q4-22 revenue between $235-$255 million. The company maintains strong liquidity with $818 million in cash and no debt, while also planning to continue stock buybacks.

Cognex Corporation (NASDAQ: CGNX) will announce its third-quarter earnings on November 3, 2022, after market close. A conference call will follow at 5:00 p.m. EDT. The earnings release will coincide with the filing of its Form 10-Q for the quarter ending October 2, 2022. Cognex, a leader in machine vision, has shipped over 3 million image-based products, generating more than $9 billion in revenue since its inception in 1981. Investors can access a live audio broadcast and a replay of the call on the Cognex Investor Relations website.

Cognex Corporation (NASDAQ: CGNX) has raised its revenue guidance for Q3 2022 to between $195 million and $205 million, significantly higher than the previous range of $160 million to $180 million. This increase is driven by quicker-than-expected fulfillment of customer demand after replenishing fire-damaged component inventory. The company will also present a new market estimate of $6.5 billion during its Analyst Day scheduled for September 20, 2022, alongside a long-term revenue growth target of 15%.

Cognex Corporation (NASDAQ: CGNX) reported Q2 2022 results, showing a revenue of $274.6 million, up 2% year-over-year but down 3% from Q1 2022. The net income of $58.9 million reflects a 24% decline from Q2 2021, impacted by a $17.4 million charge from a warehouse fire. Despite a healthy cash position of $788 million and no debt, Cognex anticipates Q3 2022 revenue between $160 million and $180 million, citing supply disruptions and lower e-commerce spending as factors. The company aims to stabilize its financial outlook amidst ongoing challenges.

Cognex Corporation (NASDAQ: CGNX) has declared a quarterly cash dividend of $0.065 per share. This dividend is payable on September 2, 2022, to shareholders of record at the close of business on August 19, 2022. Cognex is a global leader in the machine vision industry, having shipped over 3 million image-based products since its inception in 1981, totaling more than $9 billion in cumulative revenue. The company specializes in products that utilize artificial intelligence for decision-making in production and shipping processes.

Cognex Corporation (NASDAQ: CGNX) is set to release its second quarter 2022 earnings on August 2, 2022, after market close. The company will also host a conference call at 5:00 p.m. EDT on the same day, coinciding with its Form 10-Q filing for the quarter ending July 3, 2022. Interested parties can join the call at (877) 704-4573 or listen to a live audio broadcast on Cognex's Investor Relations website. With a strong foundation in artificial intelligence, Cognex remains a leader in machine vision, having shipped over 3 million products generating over $9 billion in revenue since 1981.

Cognex Corporation (NASDAQ: CGNX) has appointed Dr. John T.C. Lee, CEO of MKS Instruments (NASDAQ: MKSI), to its Board of Directors, effective immediately. Dr. Lee brings extensive experience in leading technology companies and will serve on the Audit Committee and Compensation/Stock Option Committee. His leadership at MKS Instruments, which has nearly $3 billion in annual sales, is expected to add valuable insights to Cognex's strategic direction. Cognex is a leader in the machine vision industry, with over $9 billion in cumulative revenue since its inception in 1981.