Media stories about Cognex Corporation (NASDAQ:CGNX) have trended somewhat positive recently, Accern reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cognex Corporation earned a news impact score of 0.21 on Accern’s scale. Accern also gave media stories about the scientific and technical instruments company an impact score of 46.2529541192383 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the media stories that may have effected Accern Sentiment’s scoring:
- Investors watching RSI reading on Cognex Corporation (CGNX) – Wall Street Morning (wallstreetmorning.com)
- Nov 03, 2017 – Cognex Corp (CGNX) CEO& President Robert Willett … – GuruFocus.com (gurufocus.com)
- Cognex Corp (CGNX) CEO& President Robert Willett Sold $12.7 million of Shares – GuruFocus.com (gurufocus.com)
- Insider Selling: Cognex Corporation (CGNX) Director Sells 7,500 Shares of Stock (americanbankingnews.com)
- Insider Selling: Cognex Corporation (CGNX) CEO Sells 100,000 Shares of Stock (americanbankingnews.com)
Shares of Cognex Corporation (NASDAQ CGNX) opened at $132.88 on Friday. The firm has a market cap of $11,505.68, a price-to-earnings ratio of 49.03 and a beta of 1.48. Cognex Corporation has a 12 month low of $49.91 and a 12 month high of $134.70.
Shares of Cognex Corporation are scheduled to split on Monday, December 4th. The 2-1 split was announced on Monday, October 30th. The newly created shares will be payable to shareholders after the market closes on Friday, December 1st.
Cognex Corporation (NASDAQ:CGNX) last announced its earnings results on Monday, October 30th. The scientific and technical instruments company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.09. The business had revenue of $259.74 million during the quarter, compared to analyst estimates of $255.95 million. Cognex Corporation had a net margin of 34.77% and a return on equity of 23.31%. The company’s quarterly revenue was up 75.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.61 EPS. analysts expect that Cognex Corporation will post 2.77 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 17th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, November 16th. This is a positive change from Cognex Corporation’s previous quarterly dividend of $0.09. This represents a $0.36 dividend on an annualized basis and a yield of 0.27%. Cognex Corporation’s payout ratio is currently 12.55%.
A number of analysts have recently commented on CGNX shares. Zacks Investment Research raised Cognex Corporation from a “hold” rating to a “buy” rating and set a $118.00 price target on the stock in a research report on Wednesday, August 2nd. BidaskClub upgraded shares of Cognex Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, August 4th. Robert W. Baird boosted their price objective on shares of Cognex Corporation from $100.00 to $124.00 and gave the stock a “neutral” rating in a report on Tuesday, October 31st. Cowen and Company restated an “outperform” rating and issued a $135.00 price objective (up from $100.00) on shares of Cognex Corporation in a report on Tuesday, August 8th. Finally, Canaccord Genuity boosted their price objective on shares of Cognex Corporation from $95.00 to $120.00 and gave the stock a “hold” rating in a report on Tuesday, October 31st. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $99.50.
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In other Cognex Corporation news, CEO Robert Willett sold 25,000 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $103.37, for a total transaction of $2,584,250.00. Following the completion of the sale, the chief executive officer now directly owns 25,000 shares in the company, valued at approximately $2,584,250. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Bruce Robinson J sold 7,000 shares of the business’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $106.50, for a total transaction of $745,500.00. Following the sale, the director now owns 5,625 shares of the company’s stock, valued at $599,062.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 229,250 shares of company stock valued at $26,380,101. Company insiders own 5.60% of the company’s stock.
About Cognex Corporation
Cognex Corporation (Cognex) is a provider of machine vision products that capture and analyze visual information in order to automate tasks, primarily in manufacturing processes, where vision is required. The Company operates through the machine vision technology segment. The Company’s machine vision products are used to automate the manufacture and tracking of discrete items, such as mobile phones, aspirin bottles and automobile tires, by locating, identifying, inspecting and measuring them during the manufacturing or distribution process.
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