Cognex Corp (CGNX) Reports Q3 EPS of $0.63; Issues Solid Q4 Revenue Outlook

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Go back to Cognex Corp (CGNX) Reports Q3 EPS of $0.63; Issues Solid Q4 Revenue Outlook

Needham & Company Raises Price Target on Cognex Corp (CGNX) to $61 Following Solid 3Q

November 1, 2016 7:24 AM EDT

Needham & 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