1 Machine-Vision Stock Looking Into the Future
Despite operating in the industrial sector, Cognex (NASDAQ:CGNX) offers investors software-like margins, boasting a gross profit margin of 76% and a profit margin of 31% as of its most recent quarter. Thanks to these margins, Cognex has always given ample funding to its research, development, and engineering department, making innovation the company's main growth engine.
With this focus on innovation, Cognex is not your traditional industrial manufacturing company and offers investors uniquely profitable exposure to a historically low-margin industry. Today, Cognex has two specific growth avenues in its crosshairs, as it looks to build upon its booming logistics segment and its companywide deep-learning and Edge Intelligence applications. Let's take a look at how these emerging technologies could mean big business down the road for the machine-vision specialist.
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Source Fool.com
