NATICK, Mass., July 31, 2024 /PRNewswire/ -- Cognex Corporation (NASDAQ: CGNX) today announced that the company's Board of Directors declared a quarterly cash dividend of $0.075 per share, payable on August 29, 2024 to all shareholders of record at the close of business on August 15, 2024. About Cognex Cognex Corporation ("the Company" or "Cognex") invents and commercializes technologies that address some of the most critical manufacturing and distribution challenges. We are a leading global provider of mac ...

NATICK, Mass., July 31, 2024 /PRNewswire/ -- Cognex Corporation (NASDAQ: CGNX) today reported financial results for the second quarter of 2024. Table 1 below shows selected financial data for Q2-24 compared with Q2-23 and Q1-24. "Cognex delivered second quarter revenue and gross margin in line with expectations and operating expenses favorable to our guidance," said Robert J. Willett, CEO. "Year-on-year revenue growth in the quarter was strong in our Logistics and Semiconductor end markets, however revenue ...

Cognex Corporation (CGNX) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on July 31, 2024, might help the stock move higher if these key numbers are better than ...

Investors in Cognex Corporation (CGNX) need to pay close attention to the stock based on moves in the options market lately. That is because the Aug 16, 2024 $20.00 Put had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could als ...

We have little doubt that generative AI is in vogue on Wall Street, but this shouldn’t distract investors from the industry’s wider array of opportunities. Robotics leans heavily on artificial intelligence, and the strides being made in the sector will generate plenty of investment opportunities. Innovative robotics firms can also capitalize on the great growth. The robotics market is forecasted to grow from $39.71 billion in 2023 to $135.68 billion by 2031, representing a CAGR of 16.60% over this time fram ...

NATICK, Mass., July 12, 2024 /PRNewswire/ -- Cognex Corporation (NASDAQ: CGNX) will release earnings for the second quarter of 2024 on Wednesday, July 31, 2024, after market close.The Company will host a conference call on Thursday, August 1, 2024 at 8:30 a.m. Eastern Daylight Time (EDT), to discuss the results.Access to the conference call, and a replay which will be available following the call, may be found on the Cognex Investor Relations website at https://www.cognex.com/investor. The telephone number ...

公司概况 - 自上次更新以来，Cognex（NASDAQ:CGNX）作为一家机器视觉公司，由于其主要市场的资本支出周期疲软，经历了艰难时期。收入显著下降，导致利润率大幅下降，并显著重置了卖方预期[1] - 股价自上次文章以来略有下跌，大幅落后于更大的工业部门，但Cognex的表现与其他依赖类似驱动因素和市场的公司（如Daifuku、Jungheinrich、Keyence、Rockwell和Zebra）没有太大不同[2] 市场和行业分析 - Cognex的主要市场在过去一年中表现不佳，其中代表三分之二收入的市场年同比下降高达15%以上，主要由消费电子产品的急剧下降引领[4] - 汽车市场仍然低迷，由于销售疲软和投资者压力，汽车原始设备制造商削减了资本支出。电动汽车销售尤其令人失望，导致这些生产线的资本支出大幅削减[5] - 物流市场同样困难，2023年仓库建设开始下降40%，并预计在2024年继续下降。亚马逊等主要客户在消化之前的资本支出扩张项目后，对Cognex的业务保持“暂停”状态[7] - 消费电子市场仍然艰难，没有看到短期内大幅反弹的特定驱动因素[8] - 半导体市场是唯一的亮点，尽管它不是一个特别大的市场，但由于晶圆厂建设的良好状况，它是一个积极的驱动因素[10] 公司战略和展望 - Cognex正在开发新市场，通过扩展销售团队以接触新的或未充分利用的客户，并扩展产品组合以包括边缘AI等技术，来推动其机器视觉产品的应用[11] - 尽管存在挑战，公司仍看好自动化和机器视觉在装配线和物流中的长期机会，特别是在机器人领域，协作机器人（cobots）的采用仍处于早期阶段[14] - 公司预计，一旦收入增长恢复，利润将迅速加速增长。预计FY'24收入仍将实现10%的年同比增长，并在未来三年内进一步加速增长[16] - 长期来看，公司预计自由现金流（FCF）利润率将向高20%迈进，推动约9%的FCF增长，并适度提高长期加权平均FCF利润率[18] 估值和风险 - 估值Cognex仍然具有挑战性，尽管公司的增长和利润率仍能支持50美元左右的合理价值，但这假设未来几年内将强劲反弹，长期收入增长强劲（低两位数），以及利润率强劲复苏[3] - 尽管存在宏观风险，如电动汽车采用可能需要更长时间，物流自动化可能永远不会超过20%或30%，新增长机会可能不足以支持Cognex的显著销售杠杆，但公司仍认为自动化是解决技能劳动力短缺问题的唯一途径，因此对机器视觉的未来持乐观态度[20][21]

Right now, growth investors are focused primarily on opportunities in the semiconductors and artificial intelligence stocks space. That’s understandable, given how fast technology is advancing in those areas right now.But investors shouldn’t lose sight of other technological developments as well. For example, robotics stocks should enjoy considerable growth in the years to come. Particularly since the pandemic, labor costs have spiraled higher which has motivated companies to invest more heavily in labor-sa ...

An analyst upgrade highlights the case for investing in this exciting growth company.Machine vision company Cognex (CGNX -0.08%) recently received an analyst rating upgrade from hold to buy from HSBC. In addition, the price target was raised from $40 to $52. There's no doubt Cognex's fortunes are improving (the company returned to revenue growth in its last quarter). But is it enough to follow HSBC's lead and take a bullish opinion on the stock?Cognex's long-term growth prospectsI last discussed Cognex in F ...

财务数据和关键指标变化 - 第一季度收入为2.11亿美元,同比增长5%,其中Moritex贡献了总收入的近8% [20] - 剔除Moritex和汇率影响,收入同比下降3% [20] - 调整后毛利率为68.8%,与指引一致,但同比下降2.9个百分点 [21] - 调整后营业费用同比增长3%,主要受全季Moritex和新兴客户计划投资的影响 [22] - 调整后EBITDA利润率为11.9%,同比下降1.6个百分点 [23] - 调整后每股收益为0.11美元,同比下降0.02美元,环比持平 [24] 各条业务线数据和关键指标变化 - 汽车业务收入同比下降但环比持平,电动车电池业务表现不稳定 [27] - 物流业务收入同比增长但环比持平,执行了一个大型战略项目 [28] - 消费电子收入同比下降,但跌幅有所收窄 [29] - 半导体业务收入同比转正,增长势头良好 [29] 各个市场数据和关键指标变化 - 亚洲(不含中国)市场增长最强劲,带动了半导体和物流业务 [30] - 美国市场也有所增长,主要受益于物流业务 [30] - 欧洲和中国市场持续疲软,收入同比下降 [30] 公司战略和发展方向 - 公司推出全球首款AI驱动的3D工业视觉系统In-Sight L38,大幅简化3D视觉应用的配置 [34][35] - 新兴客户计划进展顺利,销售团队已全面进入市场,预计2024年贡献至少1500万美元收入 [36][38] - 完成Moritex收购整合,预计2024年及以后将为公司带来增厚利润和每股收益 [39][40] 管理层对经营环境和未来前景的评论 - 宏观环境仍然充满挑战,但公司看到一些复苏的早期迹象 [12][13][14] - 预计第二季度收入将环比增长,但同比可能略有下降 [42] - 毛利率有望从第一季度的低点开始回升,预计第二季度将略高于70% [43] - 物流业务有望全年增长,但增速可能低于30%的长期目标 [45] - 消费电子业务全年收入可能与2023年持平,存在不确定性 [46] - 电动车电池业务客户出现谨慎情绪,部分项目推迟,但长期仍看好 [47] - 半导体业务前景向好,Moritex的加入将带来更多机会 [48] 问答环节重要的提问和回答 问题1 **Damian Karas 提问** 您对物流市场的看法如何?公司是否有大型项目在手,有助于下半年的增长? [57][58][59][60][61] **Robert Willett 回答** 公司对物流市场前景持乐观态度,看到客户投资有所恢复的早期迹象。大型项目可能会带来明年的收入,但今年整体增速仍将低于30%的长期目标。公司正在拓展parcel和post细分市场,以及小客户业务,看好长期增长潜力。[58][59][60][61] 问题2 **Rob Mason 提问** 消费电子业务今年预计持平,与去年相比,主要客户和其他客户的占比有何变化?公司有没有采取措施来改善客户结构和多元化? [72][73][74][75] **Robert Willett 回答** 公司与主要消费电子客户的业务占比整体保持稳定。长期来看,公司看好该行业的创新潜力,如智能手机、AR/VR等新产品带来的机会。短期内公司预计今年该业务收入可能与去年持平,但未来几年有望恢复增长。[73][74][75] 问题3 **Jairam Nathan 提问** 新兴客户计划的销售效率如何?与公司现有销售人员相比,新兴客户销售人员的销售能力如何? [152][153][154][155] **Robert Willett 和 Nathan McCurren 回答** 出于竞争考虑,公司目前不会披露具体的销售效率数据。新兴客户销售人员的生产率预计会较低,但随着时间推移会不断提高。公司不会给出具体的数字预期,因为这个计划会随着时间的推移而逐步提升。[153][155]