Cognex Corp Stock Price, News & Analysis

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.

Cognex Corporation (NASDAQ: CGNX) reported Q1 2022 results, showcasing record revenue of $282 million, an 18% increase from Q1 2021 and a 16% rise from Q4 2021. Net income stood at $67 million, with a diluted earnings per share of $0.38, although it marked a 4% decline year-on-year. Despite strong performance, CEO Robert Willett indicated a slowing growth momentum due to supply chain challenges and project delays. The gross margin was 72%, down from 77% in the prior year, while the company maintains a solid cash position of $794 million with no debt.

Cognex Corporation (NASDAQ: CGNX) has announced a quarterly cash dividend of $0.065 per share. This dividend is set to be paid on June 3, 2022, to shareholders recorded at the close of business on May 20, 2022. Cognex specializes in image-based products utilizing artificial intelligence, which are critical in reducing production and shipping errors across global factories and distribution centers. Since its inception in 1981, Cognex has shipped over 3 million products, generating more than $9 billion in cumulative revenue.

Cognex Corporation (NASDAQ: CGNX) will report its Q1 2022 earnings on May 5, 2022, after market close, alongside its Form 10-Q filing for the quarter ending April 3, 2022. A conference call is scheduled for 5:00 PM EDT on the same day, with live and archived audio available on the Cognex Investor Relations website. Since its founding in 1981, Cognex has shipped over 3 million products, achieving more than $9 billion in cumulative revenue, establishing itself as a leader in the machine vision industry.

Cognex Corporation (NASDAQ: CGNX) has authorized a new stock repurchase program of up to $500 million. This program aims to mitigate share dilution resulting from equity-based compensation plans, which are crucial for attracting and retaining talent. The previous $200 million buyback program concluded successfully in March 2020. Additionally, Cognex's Board will implement Rule 10b5-1 trading plans to enable stock purchases during blackout periods.

Cognex Corporation (NASDAQ: CGNX) has declared a quarterly cash dividend of $0.065 per share, payable on March 18, 2022, for shareholders of record as of March 4, 2022. This announcement reflects the company's ongoing commitment to returning value to its investors. 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 founding in 1981. The company specializes in AI-driven image-based products designed to enhance operational efficiency in factories and distribution centers worldwide.

Cognex Corporation (NASDAQ: CGNX) achieved its first billion-dollar revenue year in 2021, reporting revenues of $1.037 billion, a 28% increase from 2020. The company also set records for net income ($279.9 million) and earnings per share ($1.56). Fourth-quarter revenue reached $244 million, up 9% from Q4-20 but down 14% from Q3-21. Despite increased operating costs due to supply chain issues, Cognex invested $135 million in research and development, signaling a commitment to future growth. The outlook for Q1-22 predicts revenue between $265 million and $285 million, reflecting continued strong demand.

Cognex Corporation (NASDAQ: CGNX) announced that Paul Todgham, Senior Vice President of Finance and CFO, will present at the 43rd Annual Raymond James Institutional Investors Conference on March 8, 2022, at 2:15 p.m. EST. Investors can access a live audio broadcast or archived recording via the Cognex Investor Relations website. Cognex, headquartered in Natick, Massachusetts, is a leader in machine vision technology, having shipped over 3 million products and generating more than $9 billion in revenue since its inception in 1981.