News stories about Cognex Corporation (NASDAQ:CGNX) have trended somewhat positive this week, Accern Sentiment reports. Accern rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cognex Corporation earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned news articles about the scientific and technical instruments company an impact score of 46.0698697271775 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Cognex Corporation (NASDAQ:CGNX) opened at 120.74 on Wednesday. Cognex Corporation has a one year low of $49.68 and a one year high of $121.99. The stock has a market capitalization of $10.45 billion, a PE ratio of 55.16 and a beta of 1.42. The company’s 50-day moving average price is $111.90 and its 200-day moving average price is $96.56.
Cognex Corporation (NASDAQ:CGNX) last announced its quarterly earnings results on Monday, July 31st. The scientific and technical instruments company reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.08. The company had revenue of $172.90 million during the quarter, compared to analyst estimates of $169.79 million. Cognex Corporation had a return on equity of 19.51% and a net margin of 33.10%. The firm’s revenue was up 17.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.50 earnings per share. Equities research analysts predict that Cognex Corporation will post $2.55 EPS for the current year.
A number of analysts recently issued reports on CGNX shares. Cowen and Company reissued a “buy” rating and set a $100.00 price objective on shares of Cognex Corporation in a research report on Tuesday, July 11th. Zacks Investment Research raised Cognex Corporation from a “hold” rating to a “buy” rating and set a $95.00 price objective for the company in a research report on Tuesday, July 4th. BidaskClub downgraded Cognex Corporation from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 30th. Finally, Wolfe Research raised Cognex Corporation from a “market perform” rating to an “outperform” rating in a research report on Monday, August 14th. Six analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Cognex Corporation currently has a consensus rating of “Buy” and a consensus target price of $82.75.
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In other Cognex Corporation news, Director Jerry A. Schneider sold 5,000 shares of the company’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $102.67, for a total transaction of $513,350.00. Following the completion of the sale, the director now directly owns 6,000 shares in the company, valued at $616,020. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Bruce Robinson J sold 7,000 shares of the company’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $106.50, for a total value of $745,500.00. Following the sale, the director now owns 5,625 shares of the company’s stock, valued at $599,062.50. The disclosure for this sale can be found here. Insiders have sold 126,750 shares of company stock valued at $13,242,726 over the last 90 days. 5.60% of the stock is currently owned by insiders.
Cognex Corporation Company Profile
Cognex Corporation (Cognex) is a provider of machine vision products that capture and analyze visual information in order to automate tasks, primarily in manufacturing processes, where vision is required. The Company operates through the machine vision technology segment. The Company’s machine vision products are used to automate the manufacture and tracking of discrete items, such as mobile phones, aspirin bottles and automobile tires, by locating, identifying, inspecting and measuring them during the manufacturing or distribution process.