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Investor Insights

This summary was created by AI, based on 3 opinions in the last 12 months.

Cognex Corporation (CGNX-Q) is a leader in machine vision technology with a strong growth outlook in the coming years. Despite a pullback in spending from a major customer like Amazon, the company remains well-positioned in the automation sector. With a focus on quality control in manufacturing and a strong customer base including Apple, Cognex is unique in its sector and poised for future growth.

Consensus
Positive
Valuation
Fair Value
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BUY
Cognex Corporation
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

Growth outlook looks very strong in 2024 and 2025. Revenue is expected to grow by around 15% in both years while EPS is expected to grow by 44% in 2024 and 38% in 2025. CGNX is firmly recognized as a leader and one of the top companies in machine vision technology and has been operating in the space for a long time now. CGNX is unique because its sector would be industrials since it manufactures machine vision products, but it would also be a part of the broader technology industry due to the nature of products it is selling. 
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WATCH
Cognex Corporation

They make the eyes on robots used in manufacturing for quality control, with Apple as their #1 customer. But an economic slowdown means less demand for these robots. When rates fall, demand will recover. The dividend grows around 10% annually, but it's tiny. CGNX has little competition. Be patient for this to rebound.

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COMMENT
Cognex Corporation

A huge customer, Amazon, pulled back spending which has impacted Cognex, but they are well-positioned in automation.

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SELL
Cognex Corporation
She just sold Cognex, beset by supply chain issues.
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DON'T BUY
Cognex Corporation
They make state-of-the-art machine vision systems, one of three companies globally that makes them. This automated space is growing nicely, but capex is high too. Given the coronavirus, projects could be delayed and the next quarter could disappoint. Cognex relies on large projects, namely smartphones. Short-term, he prefers a Japanese peer which has more projects on the go.
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WATCH
Cognex Corporation

Don't buy now. CGNX is a leader in machine vision, an amazing technology that enables automation. Automation equipment gets installed only when machine tool orders are rising--that's the problem. Those orders are poor now. CGNX has sort of held its revenues given automation in warehousing and the drug industry, but without any major changes in machine tool orders and in making smartphones, it will be hard to grow revenues. Watch CGNX closely, if a 5G iPhone get made in Sept. 2020, and Apple is a customer of Cognex.

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BUY ON WEAKNESS
Cognex Corporation
Performed well in logistics, such as airports. Hurt in consumer electronics. Financial position is good, no debt. Q1 revenues expected to be flat. It will take a year for consumer inventory issues to be resolved. Good company, he took profits, and has recently started to pick away at it again. A long-term hold. In the right space, lots of positive stuff coming down the road.
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PAST TOP PICK
Cognex Corporation
(A Top Pick Dec 28/17, Down 32%) Doubled his money and sold half, that's his rule. Price is at a point where he's getting interested again. Apple is its biggest customer, and Amazon is a big client. They produce the "eyes" to the barcode scanning robots. A growing business, dividend increased about 10%. Very cyclical.
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DON'T BUY
Cognex Corporation
They are a wonderful company. They allow robots to see. The problem is that they sell a widget only purchased by manufacturers when they are modernizing their factories. They will participate in a spending cycle but right now capital spending is continuing to slow.
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WAIT
Cognex Corporation

Sold down their position because it ran up over his 3% weighting. Will be affected by slowdown in iPhone sales. Valuations got way too stretched. If it got 15-20% lower, he’d be an aggressive buyer. Nothing wrong with it.

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WATCH
Cognex Corporation

This is one of a small group of companies that do advanced machine vision. This is a very fine company. Its primary public competitor is Keyence Corporation (KYCCF-5) in Japan, which he has shares in. Their business has slowed a bit this year. They do a lot of project work for large customers, like Apple. He expects it to remain range-bound at least for the first half of this year. He doesn’t own the company now out of mindfulness of the cycles in its business. He is looking for opportunities to get into this stock in the future.

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PARTIAL BUY
Cognex Corporation

They do robotics and logistics, like ensuring quality control on assembly lines. They're starting to get contracts from airports. Hit $72, but now in the $50s per share. Q4 is always tough for them. Take a half a position and watch it. They have over 1,000 outstanding patents.

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HOLD
Cognex Corporation

Fundamentally he likes this company. It is an automation play company within the global market and it is a top-5 company in that space. Apple is about 11% of their sales, so be mindful. It is close to fair value.

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BUY
Cognex Corporation

This company makes software to determine what a computer is looking at. They own this for their American funds. The company has made great progress in these tools. Demand has been explosive. Revenues have been growing yearly and the prospects are tremendous. There will be continued capital spending and “machine vision” will be a fast growing part of this.

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SELL
Cognex Corporation

Not a fan of chasing a stocks and this one's run up. Take some money off the table.

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Cognex Corporation(CGNX-Q) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 1

Stockchase rating for Cognex Corporation is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Cognex Corporation(CGNX-Q) Frequently Asked Questions

What is Cognex Corporation stock symbol?

Cognex Corporation is a American stock, trading under the symbol CGNX-Q on the NASDAQ (CGNX). It is usually referred to as NASDAQ:CGNX or CGNX-Q

Is Cognex Corporation a buy or a sell?

In the last year, 1 stock analyst published opinions about CGNX-Q. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Cognex Corporation.

Is Cognex Corporation a good investment or a top pick?

Cognex Corporation was recommended as a Top Pick by on . Read the latest stock experts ratings for Cognex Corporation.

Why is Cognex Corporation stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Cognex Corporation worth watching?

1 stock analyst on Stockchase covered Cognex Corporation In the last year. It is a trending stock that is worth watching.

What is Cognex Corporation stock price?

On 2024-04-19, Cognex Corporation (CGNX-Q) stock closed at a price of $38.45.