Cognex Reports Record Second Quarter Revenue, Net Income and EPS
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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 4, 2015 6:56 AM EDT
(Updated - August 4, 2015 9:22 AM EDT)
Canaccord Genuity downgraded Cognex (NASDAQ: CGNX) from Buy to Hold with a price target of $35.00 (from $60.00). Analyst Bobby Burleson noted he soft Q3 outlook.
"While our previous Buy rating might have endured a couple of... More
August 3, 2015 4:26 PM EDT
Cognex Corp. (NASDAQ: CGNX) reported Q2 EPS of $0.49, $0.02 better than the analyst estimate of $0.47. Revenue for the quarter came in at $143.8 million versus the consensus estimate of $150.13 million.
For earnings history and earnings-related data on Cognex Corp. (CGNX) click here.
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