Cognex: Waiting For The Right Entry Point
Cognex(CGNX) Seeking Alpha·2024-08-08 10:49
1 1 i i alvarez Cognec's (NASDAQ:CGNX) business continued to slow in the second quarter, which is unsurprising given macro headwinds. Revenue and gross margin vere in line with guidance, although Cognex's revenue was down Yo Y excluding the impact of the Moritex acquisition. This appears to have caught the market of quard, with the stock falling close to 25% in the wake of earnings. I previously suggested that despite ongoing macro headwinds, Cognex's stock may have bottomed, absent further deterioration in ...