Cognex Reports Record First Quarter Results for Revenue, Net Income and Earnings Per Share

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Cognex (CGNX) PT Raised to $80 at Canaccord Genuity Following 1Q

May 2, 2017 9:57 AM EDT

Canaccord Genuity raised its price target on Cognex (NASDAQ: CGNX) to $80.00 (from $65.00) while maintaining a Hold rating. CGNX reported 1Q earnings results of $134.9M in revenues and $0.51 in EPS. Results exceeded the consensus estimates of $124.7M and $0.28. Revenues were ahead of the company's... More