Needham & Company Raises price Target on Cognex Corp (CGNX) Following Solid 1Q and Guidance

Cognex Reports First Quarter 2016 Results

May 2, 2016 4:06 PM EDT

NATICK, Mass.--(BUSINESS WIRE)-- Cognex Corporation (NASDAQ: CGNX) today announced its financial results for the first quarter of 2016. In Table 1 below, selected financial data for the quarter ended April 3, 2016 is compared to the first and fourth quarters of 2015. A reconciliation of certain financial measures from GAAP to non-GAAP is shown in Exhibit 2 of this news release.

                 

Table 1*

         

 

 

 

Revenue

     

Net IncomefromContinuingOperations

     

Net IncomefromContinuingOperations perDiluted Share

Quarterly Comparisons

                        Current quarter: Q1-16  ... More

Cognex Increases Quarterly Cash Dividend

May 2, 2016 4:06 PM EDT

NATICK, Mass.--(BUSINESS WIRE)-- Cognex Corporation (NASDAQ: CGNX) announced today that the companys Board of Directors increased its quarterly cash dividend to $0.075 per share. This dividend is payable on June 17, 2016 to all shareholders of record at the close of business on June 3, 2016.

Cognex declared its first dividend in the third quarter of 2003, and... More