Cognex Reports First Quarter 2024 Results [Yahoo! Finance]
Cognex Corporation (CGNX)
Last cognex corporation earnings: 4/27 04:05 pm
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Source: Yahoo! Finance
Table 1 below shows selected financial data for Q1-24 compared with Q1-23 and Q4-23. "Our first quarter results reflected a challenging, yet stable business environment," said Robert J. Willett , CEO of Cognex. "Revenue across most of our factory automation end markets was down year-on-year in the quarter. Revenue improved sequentially as we are seeing early indications of recovery in certain end markets." Mr. Willett continued, "We recently launched the industry's first AI-enabled 3D vision system, and we continue to advance our Emerging Customer initiative. We believe the progress we are making on our strategic initiatives keeps us well-positioned to capitalize on exciting industry trends as the operating environment begins to improve." Table 1 (Dollars in thousands, except per share amounts) Current Quarter Q1-24 Prior Year Quarter Q1- Y/Y Change Prior Quarter Q4-23 Q/Q Change Revenue +5 % +7 % Operating Income (36 %) +12 % % of Revenue
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CGNX
News
- Cognex Co. (NASDAQ: CGNX) was upgraded by analysts at HSBC Holdings plc from a "hold" rating to a "buy" rating.MarketBeat
- Cognex Co. (NASDAQ: CGNX) had its "buy" rating re-affirmed by analysts at Truist Financial Co.. They now have a $50.00 price target on the stock, up previously from $47.00.MarketBeat
- Cognex Co. (NASDAQ: CGNX) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $36.00 to $41.00. They now have a "sell" rating on the stock.MarketBeat
- Cognex Co. (NASDAQ: CGNX) had its price target raised by analysts at Sanford C. Bernstein from $52.00 to $55.00. They now have an "outperform" rating on the stock.MarketBeat
- Cognex Co. (NASDAQ: CGNX) had its price target raised by analysts at Stephens from $40.00 to $45.00. They now have an "equal weight" rating on the stock.MarketBeat
CGNX
Earnings
- 5/2/24 - Beat
CGNX
Sec Filings
- 5/10/24 - Form 4
- 5/7/24 - Form 4
- 5/7/24 - Form 3
- CGNX's page on the SEC website