Cognex Corporation (NASDAQ: CGNX) has reported earnings for its second fiscal quarter (ending June 30) of $0.21 versus $0.33 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $0.46 versus $1.00 for the same period a year ago.
Recent Price Action
Cognex Corporation (NASDAQ: CGNX) stock increased 1.5% on 7/31/24. The shares closed at $49.62. Trading volume in this advance was normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -2.3% 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 C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Cognex has a very low Appreciation Score of 10 but a good Power Rating of 79, and the Low Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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