Cognex Earnings Show Broad-Based Strength
On the face of it, the record third-quarter earnings report from machine vision company Cognex (NASDAQ: CGNX) was little short of sensational. A combination of nearly 80% revenue growth and an around 90% increase in net income from continuing operations would normally be enough to thrill investors, but Cognex's management had already prepared them for a "monster" quarter.
In reality, the takeaways from the quarter are more nuanced than just the headline numbers, so let's take a closer look at them.
Cognex can benefit from increasing spending on automotive automation. Image source: Getty Images.
Source: Fool.com
Cognex Corp. Stock
€42.68
3.460%
Currently there is a rather positive sentiment for Cognex Corp. with 11 Buy predictions and 3 Sell predictions.
As a result the target price of 48 € shows a slightly positive potential of 12.46% compared to the current price of 42.68 € for Cognex Corp..
