Why Shares of Cognex Are Soaring Today
Shares of machine vision systems provider Cognex (NASDAQ: CGNX) rose on Tuesday after the company reported second-quarter results that beat analyst expectations. As of 12:56 p.m. EDT, the stock was up 14.8%.
Cognex reported second-quarter revenue of $172.9 million, up 17% year over year and about $3 million higher than the average analyst estimate. Strength across a variety of industries was partially offset by weakness from the consumer electronics industry.
Image source: Cognex.
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 €.
