Cognex Corporation Reports Q1 2024 Earnings with Analyst Recommendations and Financials
Cognex Corporation (CGNX) reported a fall in Q1 adjusted earnings and revenue, but has set a Q2 revenue outlook. Analysts have adjusted their price targets
Cognex Corporation (CGNX) reported a fall in Q1 adjusted earnings and revenue, but has set a Q2 revenue outlook. Analysts have adjusted their price targets
Cognex Corporation Reports Q1 2023 Earnings with Analyst Recommendations and Financials
The Cognex Corporation has released its Q1 2023 earnings report, which shows a fall in adjusted earnings and revenue. Despite this, the company has set a Q2 revenue outlook. Analysts have reacted to the news by adjusting their price targets for the company, with UBS increasing it to $52 from $48 while maintaining a neutral rating, and Morgan Stanley boosting its price target to $45 from $40 after a solid fiscal Q1 beat but maintaining an underweight rating.
Cognex’s Q1 2023 Earnings Call took place on May 4th, during which the company discussed its financial results and future outlook. The conference call was recorded for later reference. During the call, Cognex declared its quarterly cash dividend.
The Cognex Corporation is an American manufacturer of machine vision systems, software and sensors used in automated manufacturing processes. It was founded in 1981 and is headquartered in Natick, Massachusetts. The company operates globally across various industries including automotive, electronics and pharmaceuticals.
Cognex provides solutions for quality control and inspection that improve efficiency and reduce costs for manufacturers. Its products include barcode readers, machine vision systems and sensors that can be integrated into existing production lines or used as standalone solutions.