CGNX - Cognex Corporation

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
49.79
-0.06 (-0.12%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Previous Close49.85
Open49.80
Bid0.00 x 1800
Ask50.50 x 2200
Day's Range48.79 - 49.84
52 Week Range34.88 - 59.18
Volume678,749
Avg. Volume1,194,162
Market Cap8.497B
Beta (3Y Monthly)2.25
PE Ratio (TTM)41.77
EPS (TTM)1.19
Earnings DateOct 28, 2019 - Nov 1, 2019
Forward Dividend & Yield0.20 (0.40%)
Ex-Dividend Date2019-08-15
1y Target Est43.85
Trade prices are not sourced from all markets
  • I Ran A Stock Scan For Earnings Growth And Cognex (NASDAQ:CGNX) Passed With Ease
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    I Ran A Stock Scan For Earnings Growth And Cognex (NASDAQ:CGNX) Passed With Ease

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  • Thomson Reuters StreetEvents

    Edited Transcript of CGNX earnings conference call or presentation 29-Jul-19 9:00pm GMT

    Q2 2019 Cognex Corp Earnings Call

  • IoT: How to Invest in One of the Most Valuable Technologies on Earth
    InvestorPlace

    IoT: How to Invest in One of the Most Valuable Technologies on Earth

    Let's talk about one of the powerful innovations I recently discussed at my 10X Innovation Summit. We can start back in 1982, when a modified Coke machine at Carnegie Mellon University became the first "connected" appliance.Source: Shutterstock By using the school's early version of the internet, students could find out what drinks were stocked.By now, you probably know the nickname for the technology within that pioneering Coke machine. We call it the "Internet of Things," or IoT for short.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAlthough this technology has been around for more than 20 years, it's only recently advanced to the point of becoming cheap enough, reliable enough, small enough, and powerful enough to spread all over the world … placing us on the doorstep of a massive technological revolution.At the center of this revolution will be an explosion in efficiency across our factories, our roads, our airports, our schools, our companies, and dozens of other key places.You've surely heard about the Internet of Things. However, I'm confident you haven't heard about the most important way it will transform the world and make our lives better. This essay will fill you in. The Awesome Power of Predictive MaintenanceThe Internet of Things is the label we've given to the coming world of connected machines and their support systems: Cars, homes, refrigerators, heating systems, lighting systems, medical devices, industrial machines, oil rigs, construction equipment, elevators, ships, etc.You name it, it's going to use advanced technology to monitor itself, monitor its surroundings, and communicate with humans and other machines via the internet.Given all the devices we use every day, it's no wonder Cisco says 500 billion devices will be connected to the Internet of Things by 2030. It's also no wonder IoT spending is projected to grow 55% and pass $1 trillion by 2022.When most people think of the Internet of Things, they think of neat consumer gadgets and tools. For example, a connected refrigerator can monitor how much milk you have and order more from the grocery store when you get low. Another neat application is being able to adjust the temperature inside your house from anywhere through your phone.The IoT's consumer applications are interesting and invaluable. But in my opinion, the truly huge value that will be created by the Internet of Things comes down to something I call predictive maintenance.Here's how … Predictive maintenance -- made possible by self-monitored and connected machines -- will produce an explosion in human efficiency … which will reduce our stress, increase our productivity, and increase our profits.Machines are wonderful things. They make travel easier and faster. They allow us to build modern civilization. They allow us to produce huge amounts of food, energy, and manufactured goods.However, machines break down.Every year, we lose billions of hours and billions of dollars to downtime caused by malfunctioning machines.If you've ever been stranded on the side of the road by your car … sat for two hours on an airport runway … or been frustrated by a computer on the fritz, you know what I'm talking about.Malfunctioning machines are the scourge of productivity and profits.The IoT is going to help with that … in hundreds of millions of ways every day around the world.When advanced sensors and connectivity allow machines to monitor themselves and communicate with us, it's a productivity game changer. It's a "downtime prevention" game changer.Instead of needing humans to monitor machines and fix them when they break, machines will be able to monitor themselves, spot problems, and fix those problems at the "least worst" times.This "predictive maintenance" will make us way more efficient and lower the price of everything.To wrap your head around the power of the IoT and the gigantic money- and time-saving potential of predictive maintenance, just think back to the last time a flat tire or engine trouble left you stranded on the side of the road …You probably spent at least an hour figuring out what went wrong and then fixing it. If it was a major problem, you simply didn't get to where you were going. If it was hot, cold, raining or snowing, it was probably a miserable experience. If you had small children with you on the trip, it was even bigger pain in the neck.Now … just think if your car could have alerted you to the problem before you left the driveway … and even ordered a mechanic to come out and fix the problem.Just think if the fix could have happened while you were cooking dinner the night before.No changing a flat tire in the rain … no waiting on a tow truck. No missing work or appointments.Just your car predicting the future … and changing it for the better.This time and money saving dynamic -- this predictive maintenance -- that the IoT promises will transform dozens of major industries.Money- and time-saving fixes will happen millions of times per day in dozens of sectors. We will fix problems before they become problems. Flying, building, driving, shipping, manufacturing, and producing energy will get easier, safer, and more efficient. This will put great downward pressure on prices.I love the idea of my refrigerator doing my grocery shopping for me. But as a financial analyst and investor, I'm much more interested in the IoT's ability to unleash tsunamis of efficiency and cost savings across dozens of industriesThat's what will drive businesses around the world to spend hundreds of billions of dollars with companies that make the IoT possible. That's what will create a big tailwind for companies like Rockwell Automation (NYSE:ROK, automated factories), Cognex (NASDAQ:CGNX, machine vision), and Nokia (NYSE:NOK, networking equipment).Predictive maintenance.Fixing small problems before they become big problems.That's what makes the IoT one of the most valuable technologies -- and one of the most promising investment trends -- in the world.Matthew McCall is the founder and president of Penn Financial Group, an investment advisory firm, as well as the editor of Investment Opportunities and Early Stage Investor. He has dedicated his career to getting investors into the world's biggest, most revolutionary trends BEFORE anyone else. The power of being "first" gave Matt's readers the chance to bank +2,438% in Stamps.com (STMP), +1,523% in Ulta Beauty (ULTA), +1,044% in Tesla (TSLA), +611% in Liquefied Natural Gas Limited (LNGLY), +324% in Bitcoin Services (BTSC), just to name a few. If you're interested in making triple-digit gains from the world's biggest investment trends BEFORE anyone else, click here to learn more about Matt McCall and his investments strategy today. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post IoT: How to Invest in One of the Most Valuable Technologies on Earth appeared first on InvestorPlace.

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  • Is Cognex Corporation (NASDAQ:CGNX) Potentially Underrated?
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  • Cognex (CGNX) Surges: Stock Moves 9% Higher
    Zacks

    Cognex (CGNX) Surges: Stock Moves 9% Higher

    Cognex (CGNX) saw a big move last session, as its shares jumped more than 9% on the day, amid huge volumes.

  • Cognex's Outlook Dims
    Motley Fool

    Cognex's Outlook Dims

    The machine vision company is seeing weakness in its two most important end markets.

  • Cognex Stock Gets a Bump on Better-Than-Expected Results
    Motley Fool

    Cognex Stock Gets a Bump on Better-Than-Expected Results

    Both revenue and income declined in the machine vision company's Q2 report, but not as bad as analysts had feared.

  • Cognex Corp (CGNX) Q2 2019 Earnings Call Transcript
    Motley Fool

    Cognex Corp (CGNX) Q2 2019 Earnings Call Transcript

    CGNX earnings call for the period ending June 30, 2019.

  • Will Macro Issues Continue to Drag on Cognex's Q2 Earnings Results?
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    Will Macro Issues Continue to Drag on Cognex's Q2 Earnings Results?

    Can a powerful secular trend overcome some industry and regional challenges?

  • Analysts Estimate Cognex (CGNX) to Report a Decline in Earnings: What to Look Out for
    Zacks

    Analysts Estimate Cognex (CGNX) to Report a Decline in Earnings: What to Look Out for

    Cognex (CGNX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • What You Must Know About Cognex Corporation's (NASDAQ:CGNX) Financial Health
    Simply Wall St.

    What You Must Know About Cognex Corporation's (NASDAQ:CGNX) Financial Health

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  • Moving Average Crossover Alert: Cognex
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    Moving Average Crossover Alert: Cognex

    Cognex Corporation (CGNX) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front.

  • Why Cognex Stock Soared 18.2% in June
    Motley Fool

    Why Cognex Stock Soared 18.2% in June

    The machine-vision company has had a wild year in 2019.

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  • Is Cognex Corporation (CGNX) A Good Stock To Buy ?
    Insider Monkey

    Is Cognex Corporation (CGNX) A Good Stock To Buy ?

    A whopping number of 13F filings filed with U.S. Securities and Exchange Commission has been processed by Insider Monkey so that individual investors can look at the overall hedge fund sentiment towards the stocks included in their watchlists. These freshly-submitted public filings disclose money managers’ equity positions as of the end of the three-month period […]

  • Business Wire

    Cognex Announces Second Quarter Earnings Release Date and Conference Call

    Cognex Corporation will release earnings for the second quarter of 2019 on Monday, July 29, 2019, after the market closes, and will host a conference call that same day at 5:00 p.m.

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  • Cognex Corporation (NASDAQ:CGNX): Should The Future Outlook Worry You?
    Simply Wall St.

    Cognex Corporation (NASDAQ:CGNX): Should The Future Outlook Worry You?

    After Cognex Corporation's (NASDAQ:CGNX) recent earnings announcement in March 2019, analyst forecasts seem bearish...

  • Markit

    See what the IHS Markit Score report has to say about Cognex Corp.

    Cognex Corp NASDAQ/NGS:CGNXView full report here! Summary * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is moderate * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is moderate for CGNX with between 5 and 10% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NegativeETF activity is negative and may be weakening. The net inflows of $1.14 billion over the last one-month into ETFs that hold CGNX are among the lowest of the last year and appear to be slowing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers’ Index (PMI) data, output in the Industrialsis falling. The rate of decline is very significant relative to the trend shown over the past year, and is accelerating. The rate of contraction may ease in the coming months, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

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