Cognex Announces $100 Million Stock Purchase Authorization
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August 4, 2015 9:17 AM EDT
Needham & Company maintained a Buy rating on Cognex (NASDAQ: CGNX), and cut the price target to $47.00 (from $55.00), following 2Q report. EPS of $0.49, $0.02 above consensus $0.47 estimate, benefiting from the stronger top line and higher gross margins. Without large deals CGNX was expecting in Q3, management guided to Q3 revs of... More
August 3, 2015 4:11 PM EDT
Cognex Corp (NASDAQ: CGNX) declared a quarterly dividend of $0.07 per share, or $0.28 annualized.
The dividend will be payable on September 18, 2015, to stockholders of record on September 4, 2015, with an ex-dividend date of September 2, 2015.
The annual yield on the dividend is 0.6... More
August 3, 2015 4:07 PM EDT
Cognex Corp (NASDAQ: CGNX) announced that its Board of Directors authorized the purchase of up to $100 million of Cognex common stock in open market transactions. The new authorization is in addition to Cognexs existing $50 million stock purchase program, of which $6.5 million remains available.... More
