Cognex Corporation (NASDAQ: CGNX) has reported earnings for its third fiscal quarter (ending September 30) of $0.17 versus $0.11 for the same period a year ago — an increase of 55%. For the latest four quarters through September 30, E.P.S. were $0.52 versus $0.91 for the same period a year ago — a decline of -43%.
Recent Price Action
Cognex Corporation (NASDAQ: CGNX) stock closed at $40.46 on 10/30/24 after a slight decline of -0.3%. NORMAL trading volume accompanied the decline. The stock has performed in line with the market over the last nine months and has risen 3.1% during the last week.
Current PriceTarget Research Rating
CGNX is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Cognex has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Cognex has a very low Appreciation Score of 13 but a neutral Power Rating of 53, leading to the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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