Cognex (CGNX) Releases Quarterly Earnings Results
Cognex (NASDAQ:CGNX) released its earnings data on Wednesday. The company reported $0.21 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.20 by $0.01, American Banking News.com reports. The company had revenue of $90.90 million for the quarter, compared to the consensus estimate of $91.15 million.
On a related note, analysts at Credit Agricole downgraded shares of Cognex from an “outperform” rating to an “underperform” rating in a research note on Friday, February 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $52.50.
Cognex (NASDAQ:CGNX) traded down 0.95% during mid-day trading on Wednesday, hitting $34.43. 895,218 shares of the company’s stock traded hands. Cognex has a 52-week low of $19.285 and a 52-week high of $40.14. The stock’s 50-day moving average is $34.7 and its 200-day moving average is $35.02. The company has a market cap of $2.990 billion and a P/E ratio of 41.88.
Cognex Corporation (NASDAQ:CGNX) 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.
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