Cognex Reports Record Net Income and Earnings Per Share from Continuing Operations
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Needham & Company Raises Price Target on Cognex Corp (CGNX) to $61 Following Solid 3Q
November 1, 2016 7:24 AM EDTNeedham & Company reiterated a Buy rating on Cognex Corp (NASDAQ: CGNX), and raised the price target to $61.00 (from $55.00), following the company's 3Q earnings report. Revenues increased 38% to $148M, above the high end of guidance of $142-147M. The consensus revenue forecast was $145.8M. The beat was driven by strong shipments... More
Cognex Corp (CGNX) Reports Q3 EPS of $0.63; Issues Solid Q4 Revenue Outlook
October 31, 2016 4:08 PM EDTCognex Corp (NASDAQ: CGNX) reported Q3 EPS of $0.63, versus $1.21 reported last year. Revenue for the quarter came in at $147.95 million, versus $107.59 million reported last year.
GUIDANCE:
Cognex Corp sees Q4 2016 revenue of $115-118 million, versus the consensus $111.9 million.
What an outstanding... More
