Cognex Corp Stock Price, News & Analysis

Cognex Corporation (NASDAQ:CGNX) reported record first quarter results for 2021, achieving revenue of $239 million, a 43% increase year-over-year. Net income surged to $69.8 million, representing a 241% growth compared to Q1-20. The operating margin improved to 33%, reflecting the company's high-margin business model. Cognex is optimistic for Q2-21, projecting revenue between $250 million and $270 million, despite anticipating a slight dip in gross margin. The firm remains financially robust with $876 million in cash and no debt.

Cognex Corporation (NASDAQ: CGNX) has declared a quarterly cash dividend of $0.06 per share. The dividend will be payable on June 4, 2021 to shareholders of record by the close of business on May 21, 2021. Cognex, a leader in the machine vision industry, has shipped over 3 million image-based products since 1981, generating cumulative revenue of more than $8 billion. The company specializes in machine vision systems, sensors, and barcode readers to enhance manufacturing and distribution processes globally.

Cognex Corporation (NASDAQ: CGNX) is set to release its earnings for Q1 2021 on May 6, 2021, after market close. The earnings announcement will align with the filing of its Form 10-Q for the quarter ending April 4, 2021. A conference call will occur the same day at 5:00 p.m. EDT, providing investors and analysts an opportunity to discuss the results. Cognex, a leader in machine vision, has shipped over 3 million image-based products, generating more than $8 billion in cumulative revenue since its inception in 1981.

Cognex Corporation (NASDAQ: CGNX) reported Q4 2020 revenue of $223.6 million, a 32% increase year-over-year, although net income fell by 14% to $69.3 million. For the full year, revenue reached a record $811 million, up 12% from 2019, but net income declined by 14% to $176.2 million. The company recorded a significant investment of $131 million in R&D, representing 16% of total revenue. Positive trends in e-commerce and medical sectors aided growth, yet the automotive industry presented challenges. Looking ahead, Q1 2021 revenue is expected between $225 million and $245 million.

Cognex Corporation (NASDAQ: CGNX) announced a quarterly cash dividend of $0.06 per share, payable on March 12, 2021, to shareholders on record as of February 26, 2021. Renowned for its innovative image-based products leveraging artificial intelligence, Cognex is a leader in the machine vision industry. With over 3 million products shipped and cumulative revenue exceeding $8 billion since its inception in 1981, Cognex continues to enhance production and shipping efficiency across global factories and distribution centers.

Cognex Corporation (NASDAQ: CGNX) announces the resignation of founder Dr. Robert J. Shillman from its Board and as an executive officer effective May 5, 2021. He will transition to the role of Chairman Emeritus and Adviser by June 1, 2021. Shillman has significantly influenced Cognex's success over the past 40 years, shaping its innovative culture. Following his departure, Anthony Sun will take over as Chairman. Cognex, a leader in machine vision solutions, has shipped over 3 million products since 1981, generating over $8 billion in revenue.

Cognex Corporation (NASDAQ:CGNX) announced that CFO Paul Todgham will present at the 42nd Annual Raymond James Institutional Investors Conference on March 2, 2021, at 3:00 p.m. ET. Investors can listen to the live audio broadcast or access an archived recording on the Cognex Investor Relations website. Cognex designs and manufactures AI-based image products to enhance decision-making in factories and distribution centers, eliminating errors in production and shipping. Since its founding in 1981, the company has shipped over 3 million products, generating more than $8 billion in revenue.

Cognex Corporation (NASDAQ: CGNX) is set to release its fourth-quarter earnings for 2020 on February 11, 2021, after market close. A conference call will follow at 5:00 p.m. EST. The earnings report and the Form 10-K filing for the year ending December 31, 2020, will be disclosed simultaneously. Cognex, a leader in the machine vision industry, has shipped over 2.3 million products, contributing to more than $7 billion in cumulative revenue since 1981.

Cognex Corporation (NASDAQ: CGNX) announced the appointment of Sachin S. Lawande to its board of directors, effective January 1, 2021. He is currently the President and CEO of Visteon Corporation, bringing extensive experience in the automotive industry, a key market for Cognex. His background in managing complex electronic products and his experience on public boards are seen as valuable assets for Cognex's strategic direction. This move aims to enhance Cognex’s leadership and expertise in machine vision technologies.