Cognex Looks To Resume Upward Trend With Earnings On The Horizon

Apr. 14, 2021 3:15 PM ETCognex Corporation (CGNX) StockCGNX2 Comments
Rick Pendergraft
4.04K Followers

Summary

  • Cognex has seen earnings and revenue jump sharply in the last few quarters. The company is set to report Q1 results on May 6.
  • The stock initially spiked after the last earnings report, but then dropped over the next three weeks. That drop could be providing a buying opportunity.
  • Analysts are far more skeptical toward Cognex than they are the average stock. This could be a good thing if the company continues to grow as upgrades could follow.
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I have to admit, I didn’t know very much about Cognex (NASDAQ:CGNX) when it first popped up on my radar a few months ago. The company got on my radar because of the earnings and revenue growth it has experienced in

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This article was written by

4.04K Followers
Rick Pendergraft is a Strategic Content Manager at Seeking Alpha. Prior to joining the company, he was a contributor to the site and has been involved in the investment publishing industry for over 20 years. He has worked for some of the largest financial publishers in the world and he has been quoted in the Wall Street Journal, USA Today, and New York Times. In addition, he has been interviewed on Bloomberg, CNBC and Fox Business News. Rick received a Bachelor of Science Degree in Economics from Wright State University. When he isn’t working at Seeking Alpha, you can usually find Coach Rick doing something involving basketball. He coaches with a high-level travel basketball program in South Florida currently.

Analyst’s Disclosure:I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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