U.S. Markets closed

Cognex (CGNX) Surges: Stock Moves 9% Higher

Zacks Equity Research

Cognex Corporation CGNX was a big mover last session, as the company saw its shares rise more than 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $41.94–$47.75 in the past one-month time frame, witnessed a sharp increase yesterday.

The company has seen three negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Cognex currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is negative.

Cognex Corporation Price

Cognex Corporation Price

Cognex Corporation price | Cognex Corporation Quote

Investors interested in the Electronics - Testing Equipment industry may consider a better-ranked stock like Teradyne, Inc. TER, which carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is CGNX going up? Or down? Predict to see what others think:Up or Down

More Stock News: This Is Bigger than the iPhone!

It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.

Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.

Click here for the 6 trades >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Cognex Corporation (CGNX) : Free Stock Analysis Report
 
Teradyne, Inc. (TER) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research