This technology company will suffer from end-market weakness in 2024, but its long-term prospects remain excellent. Cognex End Market Served Market Cognex Market Share Automotive $1.5 billion 15% Electronics $1.35 billion 20% Logistics $2 billion 15% Medical related $650 million >10% Others $1 billion <20% The stock market did not take kindly to machine vision company Cognex Corp.'s (CGNX -0.03%) recent second-quarter earnings report. Unfortunately, its end markets are weakening in 2024, and the hoped-for p ...

1 1 i i alvarez Cognec's (NASDAQ:CGNX) business continued to slow in the second quarter, which is unsurprising given macro headwinds. Revenue and gross margin vere in line with guidance, although Cognex's revenue was down Yo Y excluding the impact of the Moritex acquisition. This appears to have caught the market of quard, with the stock falling close to 25% in the wake of earnings. I previously suggested that despite ongoing macro headwinds, Cognex's stock may have bottomed, absent further deterioration in ...

New AI tool simplifies counting inspections for manufacturers across all industries NATICK, Mass., Aug. 6, 2024 /PRNewswire/ -- Cognex Corporation (NASDAQ: CGNX), the leader in industrial machine vision, expanded the capabilities of its In-Sight SnAPP™ vision sensor with the launch of an AI-enabled counting tool. This innovative software tool transforms how manufacturers handle counting tasks, allowing them to easily automate assembly verification and quantity checks that were previously timeconsuming or pr ...

Cognex Corporation. (NASDAQ:CGNX) Q2 2024 Earnings Conference Call August 1, 2024 8:30 AM ET Company Participants Nathan McCurren - Head of Investor Relations Robert Willett - President, Chief Executive Officer Dennis Fehr - Chief Financial Officer Conference Call Participants Andrew Buscaglia - BNP Paribas Tommy Moll - Stephens Inc. Piyush Avasthy - Citi. Jacob Levinson - Melius Research. James Ricchiuti - Needham and company Guy Hardwick - Freedom Capital Markets Keith Housum - North COAST Research Damian ...

Take this drop as an opportunity to buy Cognex stock. Shares of Cognex (CGNX -22.51%) slumped this morning and were trading 21% lower as of 11:40 a.m. ET. Cognex is a world leader in machine vision systems and solutions used to automate manufacturing and distribution processes. Therefore, it extensively uses technologies like artificial intelligence (AI). AI-driven businesses have tremendous growth potential, but things haven't been so easy for Cognex lately, as its latest numbers prove. Cognex reported a s ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended June 30, 2024 or ☐ Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from __________ to __________ Commission File Number 001-34218 COGNEX CORPORATION | --- | --- | |------------------------------------------------------------------- ...

Cognex Corporation (CGNX) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.32 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 15%. A quarter ago, it was expected that this company would post earnings of $0.08 per share when it actually produced earnings of $0.11, delivering a surprise of 37.50%. Over the last four quarters, the compan ...

Exhibit 99.1 Cognex Reports Second Quarter 2024 Results July 31, 2024―NATICK, MA—Cognex Corporation (NASDAQ: CGNX) today reported financial results for the second quarter of 2024. Table 1 below shows selected financial data for Q2-24 compared with Q2-23 and Q1-24. "Cognex delivered second quarter revenue and gross margin in line with expectations and operating expenses favorable to our guidance," said Robert J. Willett, CEO. "Year-on-year revenue growth in the quarter was strong in our Logistics and Semicon ...

NATICK, Mass., July 31, 2024 /PRNewswire/ -- Cognex Corporation (NASDAQ: CGNX) today announced that the company's Board of Directors declared a quarterly cash dividend of $0.075 per share, payable on August 29, 2024 to all shareholders of record at the close of business on August 15, 2024. About Cognex Cognex Corporation ("the Company" or "Cognex") invents and commercializes technologies that address some of the most critical manufacturing and distribution challenges. We are a leading global provider of mac ...

NATICK, Mass., July 31, 2024 /PRNewswire/ -- Cognex Corporation (NASDAQ: CGNX) today reported financial results for the second quarter of 2024. Table 1 below shows selected financial data for Q2-24 compared with Q2-23 and Q1-24. "Cognex delivered second quarter revenue and gross margin in line with expectations and operating expenses favorable to our guidance," said Robert J. Willett, CEO. "Year-on-year revenue growth in the quarter was strong in our Logistics and Semiconductor end markets, however revenue ...