Cognex Corporation designs, develops, manufactures and markets a range of products that incorporate machine vision technology that gives them the ability to “see.” Cognex products include barcode readers, machine vision sensors and machine vision systems that are used in factories, warehouses and distribution centers around the world to guide, gauge, inspect, identify and assure the quality of items during the manufacturing and distribution process. The company was founded in 1981 and is based in Natick, Massachusetts.
Shares in Cognex (NASDAQ: CGNX) rose by 30.8% in April, according to data provided by S&P Global Market Intelligence. Cognex tends to derive around half of its sales from the automotive and consumer electronics markets, and unfortunately those weren't great markets to be in in 2019. Declining light-vehicle sales/production and smartphone sales put a hold on capital spending plans in both industries in 2019 -- bad news for Cognex.
NATICK, Mass.--(BUSINESS WIRE)---- $CGNX--Cognex Corporation (NASDAQ: CGNX) will release earnings for the first quarter of 2020 on Monday, April 27, 2020, after the market closes, and will host a conference call that same day at 5:00 p.m. Eastern Daylight Time (EDT). The earnings release and conference call are scheduled to coincide with the company’s expected filing of its Form 10-Q for the quarter ending March 29, 2020. The telephone number for the live call is (877) 704-4573 (or (201) 389-0911 if outs