Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Cognex Corporation (CGNX) Share Price
Media stories about Cognex Corporation (NASDAQ:CGNX) have trended somewhat positive on Wednesday, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cognex Corporation earned a news impact score of 0.16 on Accern’s scale. Accern also assigned news articles about the scientific and technical instruments company an impact score of 46.3239617043681 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- Extreme Networks, Inc., (NASDAQ: EXTR), Cognex Corporation, (NASDAQ: CGNX), Schlumberger Limited, (NYSE … – Stocks In The News (press release) (tradingnewsnow.com)
- Featured Volatile Stock – Cognex Corporation, (NASDAQ: CGNX) – Stock Watch (stocksnewstimes.com)
- Tracking Robert Karr’s Joho Capital Portfolio – Q3 2017 Update (seekingalpha.com)
- Cognex Corporation (CGNX) Shares Scheduled to Split on Monday, December 4th (americanbankingnews.com)
- Cognex Corporation (CGNX) Try to Shakeup Active Momentum on New Compulsions – Stock News Stop (stockmarketstop.com)
Cognex Corporation (CGNX) traded down $1.71 during trading hours on Wednesday, hitting $143.15. The stock had a trading volume of 1,040,694 shares, compared to its average volume of 746,002. The stock has a market capitalization of $12,390.00, a price-to-earnings ratio of 52.37 and a beta of 1.48. Cognex Corporation has a 52-week low of $57.42 and a 52-week high of $145.98.
Cognex Corporation (NASDAQ:CGNX) last released its quarterly earnings data 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 firm had revenue of $259.74 million during the quarter, compared to analyst estimates of $255.95 million. Cognex Corporation had a return on equity of 23.31% and a net margin of 34.77%. The business’s quarterly revenue was up 75.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.61 earnings per share. sell-side analysts forecast that Cognex Corporation will post 2.77 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 17th will be paid a $0.09 dividend. This is a positive change from Cognex Corporation’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $0.36 dividend on an annualized basis and a yield of 0.25%. Cognex Corporation’s dividend payout ratio (DPR) is presently 13.28%.
CGNX has been the topic of several analyst reports. Zacks Investment Research cut Cognex Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. J P Morgan Chase & Co cut shares of Cognex Corporation from a “neutral” rating to an “underweight” rating and set a $125.00 price objective on the stock. in a research report on Wednesday, November 8th. BidaskClub upgraded shares of Cognex Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 4th. Robert W. Baird upped their price objective on shares of Cognex Corporation from $100.00 to $124.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 31st. Finally, Canaccord Genuity upped their price objective on shares of Cognex Corporation from $95.00 to $120.00 and gave the stock a “hold” rating in a research report on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $106.88.
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In other Cognex Corporation news, Director Jeffrey Benjamin Miller sold 3,750 shares of the stock in a transaction on Monday, November 6th. The stock was sold at an average price of $134.48, for a total value of $504,300.00. Following the completion of the transaction, the director now owns 3,750 shares in the company, valued at $504,300. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Bruce Robinson J sold 7,000 shares of the stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $106.50, for a total value of $745,500.00. Following the completion of the transaction, the director now owns 5,625 shares of the company’s stock, valued at approximately $599,062.50. The disclosure for this sale can be found here. Insiders sold 158,991 shares of company stock valued at $19,974,890 in the last ninety days. 5.60% of the stock is currently owned by insiders.
Cognex Corporation Company Profile
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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