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Cognex Delivers on Its Monster Quarter

TheMotleyFool 
0 0 14.11.17
Cognex Delivers on Its Monster QuarterPhoto, wide shot, wide-angle lens, Aerospace components, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/3938f51e-9b01-45a9-aed1-ff9d047063fc.png
 
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.

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Source: Fool.com

Cognex Corp. Stock

€53.42
2.500%
There is an upward development for Cognex Corp. compared to yesterday, with an increase of €1.32 (2.500%).
With 16 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 60 € shows a slightly positive potential of 12.32% compared to the current price of 53.42 € for Cognex Corp..
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