Meet the Supercharged Growth Stock That Could Make You a Millionaire
Machine vision company Cognex (CGNX 0.37%) hasn't looked like a growth stock during the past couple of years, but its long-term track record of growth is excellent. Moreover, the slowdown is due to a combination of factors likely to prove temporary.
Cognex: Not Out Of The Woods Yet
Cognex's emerging customer initiative and Moritex acquisition are driving growth, but the core business continues to struggle, with automotive an area of particular weakness. While end markets like logistics and semis are bright spots, I expect macro headwinds to persist, delaying a return to strong growth. Pricing pressure and investments in future growth are also likely to weigh on margins in the short term, but this isn't concerning given Cognex's track record of profitable growth.
Cognex Corporation (CGNX) Q3 2024 Earnings Call Transcript
Cognex Corporation (NASDAQ:CGNX ) Q3 2024 Results Earnings Conference Call October 31, 2024 8:30 AM ET Company Participants Nathan McCurren - Head of Investor Relations and Treasurer Robert Willett - President and Chief Executive Officer Dennis Fehr - Senior Vice President of Finance and Chief Financial Officer Conference Call Participants Jamie Cook - Truist Securities Tommy Moll - Stephens Inc. Andrew Buscaglia - BNP Paribas Damian Karas - UBS Securities Michael Anastasiou - TD Cowen Jim Ricchiuti - Needham & Company Jacob Levinson - Melius Research Rob Mason - Robert W. Baird & Co. Operator Greetings.
Cognex Corporation (CGNX) Beats Q3 Earnings and Revenue Estimates
Cognex Corporation (CGNX) came out with quarterly earnings of $0.20 per share, beating the Zacks Consensus Estimate of $0.17 per share. This compares to earnings of $0.16 per share a year ago.
2 Top Automation and Robotics Stocks to Buy in October
Relatively high interest rates are negatively impacting automation and robotics end markets. But over time, automation should increase thanks to improved productivity, cost, quality, and analytics.
A Bull Market Is Here: 2 Incredibly Innovative Growth Stocks Down 14% and 59% to Buy Right Now
Nvidia has become a battleground stock, but its competitive position in AI remains incredibly strong. Cognex's end markets are weak in 2024, but the company's best days lie ahead.
Is the Options Market Predicting a Spike in Cognex (CGNX) Stock?
Investors need to pay close attention to Cognex (CGNX) stock based on the movements in the options market lately.
Here's Why Cognex Stock Slumped in August (and Why It's a Buying Opportunity)
Automotive and consumer discretionary spending remain weak in 2024. Cognex's cyclical recovery in logistics and semiconductors this year points the way to the recovery path for its other major end markets.
The 3 Best Robotics Stocks to Buy in August 2024
Now could be a great time for investors to consider the best robotics stocks to buy in August. I wrote around a month ago that there could be record volatility in the market.
Take Advantage of the Dip to Buy This Unstoppable Long-Term Growth Stock
Relatively high interest rates are hitting automobile sales and consumer discretionary spending. The company's sales growth has always been volatile.
Cognex: Waiting For The Right Entry Point
Weak market conditions are driving an ongoing slowdown in Cognex's business. AI is a focus area for Cognex at the moment, but the challenging demand environment means that current investments will likely take time to pay off. Cognex's margins will recover, and AI-enabled products should ensure robust growth for many years to come.
These Analysts Cut Their Forecasts On Cognex Following Q2 Results
Cognex Corporation CGNX reported mixed second-quarter financial results, after the closing bell on Wednesday.
