News articles about Cognex Corporation (NASDAQ:CGNX) have trended somewhat positive on Thursday, according to Accern. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cognex Corporation earned a daily sentiment score of 0.04 on Accern’s scale. Accern also gave headlines about the scientific and technical instruments company an impact score of 45.5162663339065 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news headlines that may have effected Accern Sentiment’s scoring:
Cognex Corporation (NASDAQ:CGNX) opened at 117.48 on Thursday. The firm’s 50-day moving average is $110.71 and its 200 day moving average is $95.93. The firm has a market cap of $10.17 billion, a PE ratio of 53.67 and a beta of 1.42. Cognex Corporation has a 12-month low of $49.68 and a 12-month high of $117.91.
Cognex Corporation (NASDAQ:CGNX) last posted its quarterly earnings data on Monday, July 31st. The scientific and technical instruments company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.08. The company had revenue of $172.90 million for the quarter, compared to analyst estimates of $169.79 million. Cognex Corporation had a net margin of 33.10% and a return on equity of 19.51%. The business’s quarterly revenue was up 17.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.50 earnings per share. Equities research analysts predict that Cognex Corporation will post $2.55 EPS for the current year.
Several equities research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Cognex Corporation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Wolfe Research raised shares of Cognex Corporation from a “market perform” rating to an “outperform” rating in a research note on Monday, August 14th. Cowen and Company reaffirmed an “outperform” rating and set a $135.00 target price (up from $100.00) on shares of Cognex Corporation in a research note on Tuesday, August 8th. Finally, BidaskClub raised shares of Cognex Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 4th. Six analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $82.75.
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In related news, CEO Robert Willett sold 66,759 shares of Cognex Corporation stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $104.58, for a total value of $6,981,656.22. Following the completion of the sale, the chief executive officer now owns 9,468 shares in the company, valued at $990,163.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Theodor Krantz sold 9,750 shares of Cognex Corporation stock in a transaction on Monday, August 14th. The stock was sold at an average price of $103.78, for a total transaction of $1,011,855.00. Following the completion of the sale, the director now owns 22,500 shares of the company’s stock, valued at approximately $2,335,050. The disclosure for this sale can be found here. Insiders have sold 126,750 shares of company stock worth $13,242,726 in the last quarter. Insiders own 5.60% of the company’s stock.
About Cognex Corporation
Cognex Corporation (Cognex) 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. The Company operates through the machine vision technology segment. The Company’s 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.
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