Cognex Delivers on Its Monster Quarter
Machine vision leader Cognex Corporation (NASDAQ: CGNX) set the bar high with last quarter's financial release when the company reported record results and forecast a "monster quarter." The company delivered as promised, reporting a record-breaking quarter for the just-completed period.
There was lots to report, as the company also increased its dividend and announced the fifth stock split in its history. Let's look at the numbers and see how the quarter played out.
Machine vision is used in an increasing number of complex manufacturing tasks. Image source: Getty Images.
Source: Fool.com
Cognex Corp. Stock
€35.79
0.140%
Our community is currently high on Cognex Corp. with 14 Buy predictions and 3 Sell predictions.
With a target price of 49 € there is a positive potential of 36.91% for Cognex Corp. compared to the current price of 35.79 €.
