Cognex (CGNX) Projected to Post Earnings on Wednesday

Cognex (NASDAQ:CGNX) is expected to release its earnings data after the market closes on Wednesday, February 12th. Analysts expect Cognex to post earnings of $0.15 per share and revenue of $220.68 million for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Cognex Stock Down 1.4 %

Shares of CGNX stock opened at $38.40 on Wednesday. The stock has a fifty day moving average of $38.05 and a 200 day moving average of $39.60. Cognex has a 52 week low of $34.79 and a 52 week high of $53.13. The firm has a market capitalization of $6.59 billion, a price-to-earnings ratio of 73.85 and a beta of 1.40.

Insider Activity

In related news, CTO Joerg Kuechen sold 2,934 shares of Cognex stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $37.75, for a total value of $110,758.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Anthony Sun sold 26,000 shares of Cognex stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $40.03, for a total value of $1,040,780.00. Following the completion of the sale, the director now owns 26,608 shares of the company’s stock, valued at $1,065,118.24. The trade was a 49.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CGNX. Citigroup dropped their price target on Cognex from $44.00 to $42.00 and set a “neutral” rating for the company in a research note on Monday, January 13th. Truist Financial raised their price target on Cognex from $42.00 to $43.00 and gave the stock a “hold” rating in a research note on Thursday, January 16th. Stephens reissued an “overweight” rating and set a $55.00 price objective on shares of Cognex in a research report on Thursday, January 2nd. Cantor Fitzgerald raised Cognex to a “strong-buy” rating in a research report on Friday, December 20th. Finally, Needham & Company LLC lowered their price objective on Cognex from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, five have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $47.92.

Cognex Company Profile

Cognex Corporation provides machine vision products that capture and analyze visual information to automate manufacturing and distribution tasks worldwide. Its machine vision products are used to automate the manufacturing and tracking of discrete items, including mobile phones, electric vehicle batteries, and e-commerce packages by locating, identifying, inspecting, and measuring them during the manufacturing or distribution process.