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Cognex Corp - CGNX STOCK NEWS

Welcome to our dedicated page for Cognex news (Ticker: CGNX), a resource for investors and traders seeking the latest updates and insights on Cognex stock.

About Cognex Corporation

Cognex Corporation (NASDAQ: CGNX) is a global leader in machine vision, a critical technology that enables automation across manufacturing and distribution industries. Founded in 1981 and headquartered in Natick, Massachusetts, Cognex specializes in designing, developing, and marketing advanced vision systems, sensors, and software that allow machines to "see" and perform tasks with precision. The company's solutions are widely used in factories, warehouses, and distribution centers worldwide to automate processes such as inspection, identification, measurement, and robotic guidance.

Core Business Areas

Cognex's product portfolio is organized into several key categories:

  • Vision Systems: Integrated systems combining cameras, processors, and software to perform complex vision tasks such as defect detection and part alignment.
  • Vision Sensors: Cost-effective solutions for simpler applications, including size verification and basic quality checks.
  • ID Products: Barcode readers and code-reading systems designed to identify and track items during manufacturing and distribution processes.
  • Vision Software: Advanced software tools that integrate with customer-provided hardware to perform tasks like part location, measurement, and robotic guidance.

These products are tailored to meet the needs of high-growth industries such as logistics, consumer electronics, automotive, and semiconductors, where precision, speed, and reliability are paramount.

Market Position and Competitive Landscape

Cognex is recognized as the world's leader in the machine vision industry, having shipped over 4.5 million vision-based products and generated more than $11 billion in cumulative revenue. Its competitive edge lies in its commitment to innovation, particularly in AI-driven and 3D vision technologies. The company differentiates itself by offering solutions that simplify complex automation tasks, reduce deployment times, and improve operational efficiency for its customers.

Key competitors include other industrial automation and vision technology providers, but Cognex's focus on blending hardware and software, coupled with its global reach and extensive distribution network, gives it a unique advantage.

Revenue Streams and Business Model

Cognex primarily generates revenue through the direct sale of its products, supplemented by service agreements and potential licensing opportunities. Its customer base spans a diverse range of industries, with the largest contributions coming from the United States and Europe. By addressing critical operational challenges such as labor shortages, quality control, and cost efficiency, Cognex's solutions provide significant value to its clients, driving strong demand.

Innovation and Strategic Initiatives

Innovation is at the core of Cognex's strategy. Recent advancements include the integration of AI and 3D vision systems, which enable faster deployment, higher accuracy, and the ability to solve previously unaddressable challenges. The company's Emerging Customer initiative further broadens its market reach by targeting new industries and applications. These efforts underscore Cognex's commitment to staying at the forefront of industrial automation technology.

Global Presence

With regional offices and distributors across North America, Europe, Asia, and Latin America, Cognex maintains a robust global footprint. This extensive network supports the company's ability to serve a diverse and geographically dispersed customer base effectively.

Industry Significance

Machine vision technology plays a pivotal role in the ongoing automation of industrial processes, addressing limitations of human vision in terms of speed, accuracy, and consistency. Cognex's solutions are essential for applications requiring high precision, such as inspecting mobile phones, electric vehicle batteries, and e-commerce packages. By enabling significant cost savings and quality improvements, Cognex remains a cornerstone of modern industrial automation.

Challenges and Opportunities

While Cognex faces challenges such as competitive pressures, reliance on key customers, and the need to continuously innovate, its strategic focus on AI, 3D vision, and emerging customer markets positions it well for sustained growth. The increasing global demand for automation and the company's ability to adapt to evolving market needs further enhance its long-term prospects.

News
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Cognex Corporation (CGNX) declares a quarterly cash dividend of $0.075 per share, payable on March 14, 2024, to shareholders of record as of February 29, 2024.
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Cognex Corporation Reports Decline in Revenue and Net Income for Q4-23 and Full Year 2023
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Cognex Corporation (NASDAQ: CGNX) will release earnings for the fourth quarter of 2023 on February 15, 2023, and will host a conference call. The earnings release and conference call are scheduled to coincide with the company's expected filing of its Form 10-K for the year ended December 31, 2023. Internet users can listen to a real-time audio broadcast of the conference call or an archived recording on the Cognex Investor Relations website.
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Cognex Corporation (NASDAQ: CGNX) announced the resignation of Paul Todgham, Senior Vice President, Finance and Chief Financial Officer, effective March 15, 2024. Mr. Todgham will continue to serve in the role of CFO until March 15, 2024, and will remain available to the company on a consulting basis after that time. Cognex is conducting a search process to identify a new CFO.
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Cognex Corporation (NASDAQ: CGNX) has declared a quarterly cash dividend of $0.075 per share, payable on December 1, 2023. This represents a 7% increase over the previous quarter's dividend.
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Cognex Corporation (NASDAQ: CGNX) reported Q3-23 financial results in line with guidance. Revenue decreased by 6% compared to Q3-22, primarily due to lower revenue from consumer electronics and soft investment by customers. Gross margin was 72% for Q3-23. RD&E expenses decreased by 4%, while SG&A expenses increased by 9%. Cognex acquired Moritex Corporation for approximately $270 million. Cognex expects Q4-23 revenue to be between $175 million and $195 million.
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Cognex Corporation completes acquisition of Moritex Corporation
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Cognex Corporation to release Q3 2023 earnings on October 31, 2023
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Cognex to acquire Moritex for $275 million, expanding product portfolio and deepening penetration in the Japanese machine vision market
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OSARO partners with Cognex to achieve >99% accuracy on Zenni's fulfillment line
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FAQ

What is the current stock price of Cognex (CGNX)?

The current stock price of Cognex (CGNX) is $31.87 as of March 3, 2025.

What is the market cap of Cognex (CGNX)?

The market cap of Cognex (CGNX) is approximately 5.6B.

What does Cognex Corporation do?

Cognex Corporation designs and manufactures machine vision systems, sensors, and software to automate tasks such as inspection, identification, and measurement in manufacturing and distribution processes.

What industries does Cognex serve?

Cognex serves industries such as logistics, consumer electronics, automotive, and semiconductors, where precision and automation are critical.

How does Cognex generate revenue?

Cognex generates revenue primarily through the sale of its vision systems, sensors, and software, as well as through service agreements and licensing opportunities.

What makes Cognex unique in the machine vision industry?

Cognex differentiates itself through its integration of AI and 3D vision technologies, global reach, and ability to provide comprehensive solutions that simplify complex automation tasks.

What are Cognex's key competitive advantages?

Cognex's competitive advantages include its innovation in AI-driven vision systems, extensive global distribution network, and strong focus on high-growth industries.

What challenges does Cognex face in its market?

Cognex faces challenges such as competitive pressures, reliance on large customers, and the need to continuously innovate to stay ahead in the rapidly evolving automation industry.

Where is Cognex headquartered?

Cognex Corporation is headquartered in Natick, Massachusetts, USA, with regional offices and distributors worldwide.

What role does AI play in Cognex's products?

AI enhances Cognex's products by enabling faster deployment, higher accuracy, and the ability to solve complex automation challenges that traditional systems cannot address.
Cognex Corp

Nasdaq:CGNX

CGNX Rankings

CGNX Stock Data

5.58B
167.10M
1.55%
97.7%
2.34%
Scientific & Technical Instruments
Industrial Instruments for Measurement, Display, and Control
Link
United States
NATICK