Take Advantage of the Dip to Buy This Unstoppable Long-Term Growth Stock
Cognex(CGNX) The Motley Fool·2024-08-11 06:30
This technology company will suffer from end-market weakness in 2024, but its long-term prospects remain excellent. Cognex End Market Served Market Cognex Market Share Automotive $1.5 billion 15% Electronics $1.35 billion 20% Logistics $2 billion 15% Medical related $650 million >10% Others $1 billion <20% The stock market did not take kindly to machine vision company Cognex Corp.'s (CGNX -0.03%) recent second-quarter earnings report. Unfortunately, its end markets are weakening in 2024, and the hoped-for p ...