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NASDAQ:CGNX

49.98
3.39 (7.28%) 1d
0
Showing 1 to 12 of 12 entries
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DON'T BUY
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

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
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
(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
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

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

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

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

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

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

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

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TOP PICK

This is the eyes of the robot. They have 2 distinct businesses. One is looking at quality controls in 2-D and 3-D through the assembly lines. The 2nd line of business is reading bar tags and barcodes. Also has a burgeoning business with Airport contracts where they can read barcodes on the luggage, getting the luggage to the passengers in 5-10 minutes. This has a lot of room to run and is a good 5-10 year hold. Dividend yield of 0.3%. (Analysts' price target is $62.25.)

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Cognex Corporation(CGNX-Q) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

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, there was no coverage of Cognex Corporation published on Stockchase.

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?

0 stock analysts 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 2022-05-13, Cognex Corporation (CGNX-Q) stock closed at a price of $49.98.