News headlines about Cognex (NASDAQ:CGNX) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cognex earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned news coverage about the scientific and technical instruments company an impact score of 46.9017445176586 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Cognex (NASDAQ:CGNX) traded down $0.49 during mid-day trading on Tuesday, hitting $67.42. 1,330,000 shares of the company’s stock traded hands, compared to its average volume of 2,110,000. The stock has a market capitalization of $11,680.00, a P/E ratio of 49.57 and a beta of 1.50. Cognex has a 52-week low of $32.05 and a 52-week high of $72.99.
Cognex (NASDAQ:CGNX) last posted its quarterly earnings results on Monday, October 30th. The scientific and technical instruments company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.52 by $0.05. Cognex had a net margin of 34.77% and a return on equity of 23.31%. The firm had revenue of $259.74 million for the quarter, compared to the consensus estimate of $255.95 million. During the same period last year, the firm posted $0.31 earnings per share. The business’s revenue was up 75.6% compared to the same quarter last year. analysts expect that Cognex will post 1.39 earnings per share for the current fiscal year.
A number of equities analysts have recently commented on CGNX shares. Zacks Investment Research lowered shares of Cognex from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. JPMorgan Chase & Co. lowered shares of Cognex from a “neutral” rating to an “underweight” rating and set a $62.50 price objective for the company. in a research report on Wednesday, November 8th. BidaskClub upgraded shares of Cognex from a “hold” rating to a “buy” rating in a research report on Wednesday, January 10th. ValuEngine lowered shares of Cognex from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. Finally, Canaccord Genuity lifted their target price on shares of Cognex from $47.50 to $60.00 and gave the company a “hold” rating in a research report on Tuesday, October 31st. Three analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. Cognex has an average rating of “Hold” and an average target price of $60.17.
In related news, Director Jeffrey Benjamin Miller sold 7,500 shares of Cognex stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $124.23, for a total value of $931,725.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Robert Willett sold 100,000 shares of Cognex stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $127.19, for a total transaction of $12,719,000.00. Following the completion of the sale, the chief executive officer now owns 100,000 shares in the company, valued at approximately $12,719,000. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 143,750 shares of company stock worth $18,540,975. 5.60% of the stock is owned by insiders.
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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.
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