Cognex Corp (CGNX) Declares $0.075 Quarterly Dividend; 0.7% Yield

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Go back to Cognex Corp (CGNX) Declares $0.075 Quarterly Dividend; 0.7% Yield

Needham & Company Raises Price Target on Cognex Corp (CGNX) Following Strong 2Q

August 2, 2016 8:33 AM EDT

Needham & Company reiterated a Buy rating on Cognex (NASDAQ: CGNX), and raised the price target to $55.00 (from $42.00), following the company's 2Q earnings report. Revenues totaled $147.3M, 5% above prior guidance of $135-140M and 7% above consensus' $138.1M. EPS totaled $0.50, well above consensus' $0.43.

Analyst James Ricchiuti commented,... More

Cognex Corp (CGNX) Tops Q2 EPS by 7c

August 1, 2016 4:11 PM EDT

Cognex Corp (NASDAQ: CGNX) reported Q2 EPS of $0.50, $0.07 better than the analyst estimate of $0.43. Revenue for the quarter came in at $147.27 million versus the consensus estimate of $138.11 million.

GUIDANCE:

Cognex Corp sees Q3 2016 revenue of $142-147 million.

For earnings history and earnings-related data on Cognex Corp (CGNX) click here.

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