Price: $40.1100
$-0.61
-1.498%
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Day's High:
| $41.05
| Week Perf:
| -2.88 %
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Day's Low: |
$ 39.91 |
30 Day Perf: |
4.15 % |
Volume (M): |
1,169 |
52 Wk High: |
$ 59.51 |
Volume (M$): |
$ 46,905 |
52 Wk Avg: |
$44.83 |
Open: |
$41.00 |
52 Wk Low: |
$34.28 |
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Market Capitalization (Millions $) |
6,987 |
Shares
Outstanding (Millions) |
174 |
Employees |
1,305 |
Revenues (TTM) (Millions $) |
837 |
Net Income (TTM) (Millions $) |
113 |
Cash Flow (TTM) (Millions $) |
21 |
Capital Exp. (TTM) (Millions $) |
23 |
Cognex Corp
Cognex Corporation was incorporated in Massachusetts in 1981. Our corporate
headquarters are located at One Vision Drive, Natick, Massachusetts 01760 and
our telephone number is (508) 650-3000.
Cognex is a leading worldwide provider of machine vision products that capture
and analyze visual information in order to automate tasks, primarily in manufacturing
processes, where vision is required. 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. Machine vision is important
for applications in which human vision is inadequate to meet requirements for
size, accuracy, or speed, or in instances where substantial cost savings are
obtained through the reduction of labor or improved product quality. Today,
many types of manufacturing equipment require machine vision because of the
increasing demands for speed and accuracy in manufacturing processes, as well
as the decreasing size of items being manufactured.
Cognex machine vision is primarily used in the manufacturing sector, where
the technology is widely recognized as an important component of automated production
and quality assurance. In this sector, the Company’s customers are primarily
in the factory automation market. Factory automation customers purchase Cognex
vision products and incorporate them into their manufacturing processes. Virtually
every manufacturer can achieve better quality and manufacturing efficiency by
using machine vision, and therefore, this market includes a broad base of customers
across a variety of industries, including consumer electronics, automotive,
consumer products, food and beverage, medical devices, and pharmaceuticals.
Factory automation customers also purchase Cognex products for use outside of
the assembly process, such as using ID products in logistics automation for
package sorting and distribution.
Our goal is to expand our position as a leading worldwide provider of machine
vision products. Sales to customers in the factory automation market represent
the largest percentage of our total revenue, and we believe that this market
provides the greatest potential for long-term revenue growth.
In order to grow the factory automation market, we have invested in developing
new products and functionality that make vision easier to use and more affordable,
and therefore, available to a broader base of customers. This investment includes
selective expansion into new industrial vision applications through internal
development, as well as the acquisition of businesses and technologies. We have
also invested in building a worldwide sales and support infrastructure in order
to access more of the potential market for machine vision. This investment includes
opening sales offices in emerging markets, such as China, India, Brazil, and
Eastern Europe, where we believe many manufacturers can benefit from incorporating
machine vision into their production processes, and developing strategic alliances
with other leading providers of factory automation products.
Company Address: One Vision Drive Natick 1760 MA
Company Phone Number: 650-3000 Stock Exchange / Ticker: NASDAQ CGNX
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Stock Performances by Major Competitors |
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Cognex Corp
Cognex Corp, a leading player in the Electronic Instruments & Controls industry, recently reported a significant decline in net profit per share and revenue for the fourth quarter of 2023. The company's net profit per share plummeted by -79.59% to $0.07 per share compared to $0.32 a year prior, while profit decreased by -40.57% from $0.11 per share from the preceding reporting season. Revenue also saw a respectable -17.22% decrease to $198.04 million from $239.25 million in the similar reporting season a year prior. In contrast to Cognex Corp's performance, the Electronic Instruments & Controls industry as a whole recorded a 3.49% improvement in revenue from the fourth quarter of 2022 to the fourth quarter of 2023. This indicates that Cognex Corp may be facing challenges specific to the company rather than industry-wide issues.
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Cognex Corp
The Stock Market: A Promising Future Ahead Despite recent setbacks, the stock market is still a highly lucrative avenue for investors worldwide. There's no denying that the third quarter of 2023 was not one of the most favorable periods for Cognex Corp, with a decline in both net profit per share and earnings per share. However, amidst these challenges, there are promising signs on the horizon. While Cognex Corp experienced a significant decrease in net profit per share by -42.11%, it is essential to note that this decline is compared to exceptionally strong numbers from a year prior. It is important to consider the long-term growth potential of this company, rather than focusing solely on a single quarter's performance.
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Cognex Corp
Cognex Corp, a leading provider of machine vision and industrial barcode reading solutions, experienced a decline in revenue and profitability in the fiscal time-frame ending July 02, 2023. During this period, the company's income fell by 13.16% to $0.33 per share, and revenue decreased by 14.42% year on year. Revenue was reported at $241.68 million, contrasting with $282.41 million in the previous year's second quarter. However, there was a positive improvement from the preceding quarter, with earnings per share (EPS) increasing significantly by 120% to $0.15 per share, and revenue improving by 20.166% to $201.12 million. Despite these improvements, net profits of $57.474 million still dropped by 14.64% compared to the corresponding period a year before.
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Cognex Corp
Cognex Corp is a technology company that specializes in the development and manufacturing of machine vision systems. Its products are used in various industries, including manufacturing, logistics, and healthcare, for automation and quality inspection purposes. The company was founded in 1981 and is headquartered in Massachusetts, United StatesIn the most recent fiscal period, Cognex Corp disclosed soft top and bottom-line figures, with EPS plummeting by -49.75% and revenue by -17.594% year on year. The revenue for this period was $201.12 million, compared to $244.07 million, with an EPS of $0.15, down from $0.30 in the same interval a year before. The company's profit dropped by -53.16% from $0.32 per share, and revenue fell by -16% from $239.43 million in the prior three months. Additionally, Cognex Corp registered a net income of $25.615 million in the fiscal time-frame closing April 02 2023, which fell by -52.15% from $53.535 million in the corresponding period a year before. Looking further into the profitability of Cognex Corp, the operating margin mitigated to 11.02%, and net margin shrank to 12.74% in the same period. Operating earnings fell -60.79% to $22.161 million, squeezing the operating margin of Cognex to 11.02%, from 23.16% in the first quarter of 2022. As a result, the company's return on average invested assets (ROI) decreased to 9.9% in its first quarter of 2023 from 15.84%, which is below Cognex's average return on investment. Despite the decline in ROI, the overall ranking of the company's ROI has progressed in the Apr 02 2023 quarter, so far to 336 from the total ROI ranking in the fourth quarter of 2022 at 747. However, among the technology sector, 44 other companies had a higher return on investment than Cognex Corp. Cognex Corp is expected to report its next financial figures on August 01, 2023. The company needs to improve its financial performance, primarily regarding the reduction in net income and return on investment. It could achieve this by optimizing its production processes and expanding its product portfolio. The company should also seek to increase its share price by increasing its market share and expanding its operations globally. In conclusion, Cognex Corp needs to focus on improving its financial performance to remain competitive in the technology industry. However, the company's long history and expertise in machine vision systems make it a promising player in the industry, and it has the potential to increase returns for its shareholders.
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Per Share |
Current |
Earnings (TTM) |
0.66 $ |
Revenues (TTM) |
4.81 $
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Cash Flow (TTM) |
0.12 $ |
Cash |
1.91 $
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Book Value |
8.64 $
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Dividend (TTM) |
0.29 $ |
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Per Share |
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Earnings (TTM) |
0.66 $
|
Revenues (TTM) |
4.81 $ |
Cash Flow (TTM) |
0.12 $ |
Cash |
1.91 $
|
Book Value |
8.64 $ |
Dividend (TTM) |
0.29 $ |
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