Type
|
Public |
---|---|
Traded as | NASDAQ: CGNX S&P 400 Component |
Industry | Industrial automation (hardware and software) |
Founded | 1981 |
Headquarters | Natick, Massachusetts, United States |
Key people
|
Dr. Robert J. Shillman, Founder, Chairman and Chief Culture Officer; Robert Willett, President and CEO; Richard A. Morin, Executive VP and CFO |
Products | Vision Systems, Vision Sensors, Vision Software, ID Readers |
Revenue | $500 million USD (2014) |
Number of employees
|
1,400 |
Website | www.cognex.com |
Cognex Corporation is an American manufacturer of machine vision systems, software and sensors used in automated manufacturing to inspect and identify parts, detect defects, verify product assembly, and guide assembly robots. Cognex is headquartered in Natick, Massachusetts, USA. It has offices in more than 20 countries.
Cognex was one of the first companies to explore commercial applications for machine vision in the early 1980s. In the 1990s, Cognex’s business grew due to the demand for machine vision tools to help automate semiconductor and electronics manufacturing. While semiconductor manufacturing remains an important market for Cognex vision, today the company receives a greater portion of its revenue from general manufacturing applications in areas such as pharmaceutical, automotive, healthcare, packaging, aerospace and consumer products manufacturing.
The company’s product portfolio includes In-Sight, a vision system that combines a camera, software and processor into one compact unit; VisionPro vision software; Checker, a single-purpose vision sensor used to provide high performance at certain common vision tasks, such as checking for the presence or absence of parts and features; DataMan, a family of fixed mount and handheld ID readers used to identify and track items by reading 1D and 2D Data Matrix codes.
Cognex Corporation was founded in 1981 by Dr. Robert J. Shillman, a lecturer in human visual perception at the Massachusetts Institute of Technology, and two MIT graduate students, Bill Silver and Marilyn Matz. Cognex stands for Cognition Experts.
The company's first vision system, DataMan, was introduced in 1982. DataMan was an optical character recognition (OCR) system designed to read, verify, and assure the quality of letters, numbers, and symbols printed on products and components. The company's first customer was a typewriter manufacturer that purchased DataMan to read letters on typewriter keys and ensure that they were located in the correct position.
In 1989, Cognex went public on the NASDAQ exchange for $1.38 per share—within a year, the stock price had tripled.
In 1995, Cognex made the first of many acquisitions when it purchased Acumen, a U.S. based developer of wafer identification systems. Acquisitions have played an important role in the company’s growth and enabled Cognex to enter new markets for machine vision such as surface inspection and vehicle vision.
In 2004, the company won an intellectual property victory when a federal judge ruled in Cognex's favor in a patent lawsuit brought against the estate of the inventor Jerome H. Lemelson, who had filed dozens of submarine patents, some of which purported to cover machine vision processes. The machine vision-related patents were held invalid. The ruling was upheld by the Court of Appeals for the Federal Circuit.
Cognex sold off its in-vehicle product in 2007, citing concerns about profitability and intellectual property issues.[1]
In 2015 Cognex sold off its Surface Vision Division and the associated range of products SmartView (web inspection), Vision Gear (slit inspection), Smart Advisor (process surveillance, web monitoring) and VisionPro Surface to Ametek Inc. for approximately 160M US$. The sold division represented about 12% of Cognex in terms of revenue and number of employees.
In May 2017, it was announced Cognex authorized a new stock buyback program. They authorized the purchase of up to $100 million common stock in the open market.
Coordinates: 42°18′08″N 71°21′19″W / 42.30213°N 71.35534°W / 42.30213; -71.35534
Period | Date | Adjusted Actuals EPS | GAAP EPS |
---|---|---|---|
Q3 2022 | 2022-11-02 | Future report Set alerts | |
Q2 2022 | 2022-08-02 | 0.41 | 0.41 |
Q1 2022 | 2022-05-05 | 0.42 | 0.42 |
Q4 2021 | 2022-02-17 | 0.30 | 0.30 |
Q3 2021 | 2021-11-04 | 0.40 | 0.40 |
Q2 2021 | 2021-08-05 | 0.43 | 0.43 |
Q1 2021 | 2021-05-06 | 0.36 | 0.36 |
Q4 2020 | 2021-02-11 | 0.32 | 0.32 |
Q3 2020 | 2020-10-28 | 0.47 | 0.47 |
Q2 2020 | 2020-07-29 | 0.18 | 0.18 |
2016-06-14 | Downgrade | Canaccord Genuity | Buy to Hold | $45.00 |
2016-06-06 | Initiated Coverage | Sanford C. Bernstein | Market Perform | $40.10 |
2016-05-11 | Initiated Coverage | FBR & Co. | Market Perform | $42.00 |
2016-05-10 | Reiterated Rating | FBR & Co. | Marketperform | $42.00 |
2016-05-10 | Reiterated Rating | FBR & Co | Marketperform | $42.00 |
2016-05-03 | Reiterated Rating | Needham & Company LLC | Buy | $40.00 to $42.00 |
2016-05-02 | Reiterated Rating | Canaccord Genuity | Buy | $45.00 |
2016-04-01 | Boost Price Target | Canaccord Genuity | Buy | $42.00 to $45.00 |
2016-03-24 | Downgrade | Credit Agricole | Outperform to Underperform | |
2016-03-24 | Downgrade | Credit Agricole SA | Outperform to Underperform | |
2016-03-19 | Reiterated Rating | Canaccord Genuity | Buy | |
2016-03-11 | Downgrade | Raymond James | Outperform to Market Perform | |
2016-03-11 | Downgrade | Raymond James Financial Inc. | Outperform to Market Perform | |
2016-02-11 | Lower Price Target | Nomura | Buy | $46.00 to $45.00 |
2016-02-11 | Reiterated Rating | Canaccord Genuity | Buy | $42.00 |
2016-02-11 | Lower Price Target | Nomura Holdings Inc. | Buy | $46.00 to $45.00 |
2016-01-22 | Initiated Coverage | Raymond James | Outperform | $36.00 |
2015-12-29 | Reiterated Rating | Canaccord Genuity | Buy | |
2015-12-23 | Reiterated Rating | Cowen and Company | Outperform | $55.00 |
2015-12-23 | Reiterated Rating | Canaccord Genuity | Buy | $42.00 |
2015-11-25 | Reiterated Rating | Canaccord Genuity | Buy | |
2015-11-18 | Upgrade | Canaccord Genuity | Hold to Buy | $33.00 to $42.00 |
2015-11-11 | Initiated Coverage | FBR & Co. | Market Perform | $35.00 |
2015-11-10 | Reiterated Rating | FBR & Co. | Marketperform | |
2015-11-03 | Lower Price Target | Nomura | Buy | $52.00 to $46.00 |
2015-11-03 | Lower Price Target | Canaccord Genuity | Hold | $35.00 to $33.00 |
2015-11-03 | Reiterated Rating | Needham & Company LLC | Buy | $47.00 to $40.00 |
2015-10-12 | Initiated Coverage | Cowen and Company | Outperform | $55.00 |
2015-10-07 | Reiterated Rating | Canaccord Genuity | Hold | $35.00 |
2015-09-17 | Initiated Coverage | Nomura | Buy to Buy | $52.00 |
2015-08-04 | Reiterated Rating | Oppenheimer | Market Perform | |
2015-08-04 | Lower Price Target | Needham & Company LLC | Buy | $55.00 to $47.00 |
2015-08-04 | Downgrade | Canaccord Genuity | Buy to Hold | $60.00 to $35.00 |
2015-08-04 | Reiterated Rating | Oppenheimer Holdings Inc. | Market Perform | |
2015-05-05 | Reiterated Rating | Canaccord Genuity | Buy | $60.00 |
2015-05-05 | Reiterated Rating | Oppenheimer | Hold | |
2015-05-05 | Boost Price Target | Needham & Company LLC | Buy | $52.00 to $55.00 |
2015-04-23 | Downgrade | Oppenheimer | Outperform to Market Perform | |
2015-03-25 | Boost Price Target | Canaccord Genuity | Buy | $55.00 to $60.00 |
2015-03-17 | Initiated Coverage | Northcoast Research | Buy | $54.00 |
2015-02-25 | Reiterated Rating | Canaccord Genuity | Buy | $55.00 |
2015-02-13 | Boost Price Target | Canaccord Genuity | Buy | $50.00 to $55.00 |
2015-02-13 | Boost Price Target | Needham & Company LLC | Buy | $48.00 to $52.00 |
2015-02-13 | Boost Price Target | Oppenheimer | Outperform | $46.00 to $49.00 |
2015-01-16 | Set Price Target | Canaccord Genuity | Buy | $50.00 |
2014-12-02 | Reiterated Rating | Canaccord Genuity | Buy | $50.00 |
2014-11-20 | Initiated Coverage | Canaccord Genuity | Buy | $50.00 |
2014-10-21 | Initiated Coverage | Oppenheimer | Outperform | $46.00 |
2014-02-14 | Downgrade | Credit Agricole | Outperform to Underperform | |
2014-01-02 | Boost Price Target | Needham & Company LLC | $37.00 to $45.00 | |
2013-12-18 | Initiated | BB&T Capital Mkts | Buy | $45 |
2013-12-18 | Initiated Coverage | BB&T Corp. | Buy | $45.00 |
2013-10-29 | Boost Price Target | Needham & Company LLC | Buy | $34.00 to $37.00 |
2013-07-12 | Reiterated | Needham | Buy | $47 to $56 |
2013-02-12 | Reiterated | Needham | Buy | $40 to $47 |
2008-07-29 | Reiterated | Needham | Buy | $29 to $26 |
2008-04-29 | Reiterated | Needham | Strong Buy | $25 to $29 |
2007-11-02 | Upgrade | Bear Stearns | Peer Perform to Outperform | $24 |
2007-08-17 | Upgrade | Needham & Co | Hold to Buy | $20 |
2007-01-25 | Downgrade | Barrington Research | Outperform to Mkt Perform | |
2007-01-24 | Downgrade | Barrington Research | Outperform to Mkt Perform |
2016-06-14 | Downgrade | Canaccord Genuity | Buy to Hold | $45.00 |
2016-06-06 | Initiated Coverage | Sanford C. Bernstein | Market Perform | $40.10 |
2016-05-11 | Initiated Coverage | FBR & Co. | Market Perform | $42.00 |
2016-05-10 | Reiterated Rating | FBR & Co. | Marketperform | $42.00 |
2016-05-10 | Reiterated Rating | FBR & Co | Marketperform | $42.00 |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In CGNX 355 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
BlackRock Inc. | 16.50M |
Vanguard Group, Inc | 15.90M |
BROWN CAPITAL MANAGEMENT LLC | 7.34M |
STATE STREET CORP | 5.58M |
ALLIANCEBERNSTEIN L.P. | 5.14M |
LAZARD ASSET MANAGEMENT LLC | 4.37M |
AMERICAN CENTURY COMPANIES INC | 3.77M |
BlackRock Fund Advisors | 3.25M |
GEODE CAPITAL MANAGEMENT, LLC | 2.92M |
BlackRock Institutional Trust Company, N.A. | 2.66M |
DISCIPLINED GROWTH INVESTORS INC /MN | 2.33M |
PRINCIPAL FINANCIAL GROUP INC | 2.07M |
OPPENHEIMER FUNDS INC | 2.07M |
Fundsmith LLP | 2.06M |
Sumitomo Mitsui Trust Holdings, Inc. | 1.95M |
Name Relationship | Total Shares | Holding stocks |
---|---|---|
SHILLMAN ROBERT J CEO | 4.42% (3831800) | CGNX / |
SUN ANTHONY | 0.34% (294262) | CGNX / |
Willett Robert President & COO | 0.12% (100000) | CGNX / |
KRANTZ THEODOR | 0.03% (26250) | CGNX / |
CURRAN JOHN J. Sr Vice President, CFO | 0.01% (6250) | CGNX / |
Schneider Jerry A. | 0.01% (6000) | CGNX / |
ALIAS PATRICK | 0.01% (5000) | CGNX / |