Cognex Reports First Quarter 2016 Results
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Needham & Company Raises price Target on Cognex Corp (CGNX) Following Solid 1Q and Guidance
May 3, 2016 7:49 AM EDTNeedham & Company reiterated a Buy rating on Cognex Corp (NASDAQ: CGNX), and raised the price target to $42.00 (from $40.00), following the company's 1Q earnings report. Revenue was reported at $96.2M, above prior guidance of $91M- $94M and consensus $93M, benefiting from stronger demand from the logistics market. Management... More
Cognex Corp (CGNX) Tops Q1 EPS by 6c, Q2 Revenue Guidance Tops Estimates
May 2, 2016 4:23 PM EDTCognex Corp (NASDAQ: CGNX) reported Q1 EPS of $0.17, $0.06 better than the analyst estimate of $0.11. Revenue for the quarter came in at $96.2 million versus the consensus estimate of $93.13 million.
GUIDANCE:
Cognex Corp sees Q2 2016 revenue of $135-140 million, versus the consensus of... More
