Cognex (CGNX) Approves New $80 Million Stock Buyback Plan
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Price: $60.79 +1.42%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1%
Revenue Growth %: +13.1%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1%
Revenue Growth %: +13.1%
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Cognex Corporation (NASDAQ: CGNX) authorized the repurchase of up to $80 million of Cognex common stock in open market transactions to help reduce share dilution associated with equity incentive plans. This new authorization will commence once Cognex completes an existing $50 million repurchase program, of which approximately $20 million remains available.
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