Cognex (CGNX) to Release Quarterly Earnings on Wednesday

Cognex (NASDAQ:CGNX) will likely be announcing its earnings results after the market closes on Wednesday, February 12th. Analysts expect the company to announce earnings of $0.15 per share and revenue of $220.68 million for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Cognex Stock Performance

CGNX stock opened at $39.46 on Tuesday. The firm has a 50 day simple moving average of $37.96 and a 200 day simple moving average of $39.35. Cognex has a 52 week low of $34.98 and a 52 week high of $53.13. The stock has a market cap of $6.77 billion, a P/E ratio of 75.89 and a beta of 1.40.

Insider Buying and Selling at Cognex

In other Cognex news, Director Anthony Sun sold 26,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $40.03, for a total value of $1,040,780.00. Following the sale, the director now directly owns 26,608 shares in the company, valued at $1,065,118.24. This trade represents a 49.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Joerg Kuechen sold 2,934 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $37.75, for a total transaction of $110,758.50. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Truist Financial boosted their price target on shares of Cognex from $42.00 to $43.00 and gave the company a “hold” rating in a report on Thursday, January 16th. Stephens restated an “overweight” rating and issued a $55.00 target price on shares of Cognex in a research note on Thursday, January 2nd. Cantor Fitzgerald raised Cognex to a “strong-buy” rating in a research note on Friday, December 20th. Needham & Company LLC lowered their price target on Cognex from $50.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Finally, Citigroup cut their price objective on shares of Cognex from $44.00 to $42.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $47.92.

Cognex Company Profile

Cognex Corporation provides machine vision products that capture and analyze visual information to automate manufacturing and distribution tasks worldwide. Its machine vision products are used to automate the manufacturing and tracking of discrete items, including mobile phones, electric vehicle batteries, and e-commerce packages by locating, identifying, inspecting, and measuring them during the manufacturing or distribution process.