CognexNASDAQ: CGNX

Cognex has been struggling due to weak capex cycles in major end-markets, leading to a sharp reset in investor expectations for revenue and margins. Key end-markets like auto and consumer electronics remain soft, but semiconductor demand is picking up and logistics demand may have stabilized ahead of slow re-expansion in the coming years. Cognex is focusing on developing new markets for its machine vision products through initiatives to expand its salesforce and product portfolio, and long-term automation demand is underpinned by worker shortages.

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.

Cognex's long-term prospects remain excellent. Its near-term end market outlook is mixed.

Cognex Corporation reported earnings of $0.11 per share for the quarter, surpassing the Zacks Consensus Estimate of $0.08 per share. This is a decrease from earnings of $0.13 per share in the same quarter last year.

Cognex Corporation (NASDAQ: CGNX) held its Q1 2024 Earnings Conference Call on May 2, 2024 at 8:30 AM ET. Present on the call were Robert Willett, President and CEO, and Nathan McCurren, Head of Investor Relations, along with various conference call participants. The operator greeted everyone at the start of the call.

Cognex (NASDAQ: CGNX), a leading provider of industrial machine vision solutions, has unveiled the 380 Modular Vision Tunnel, an innovative addition to its Modular Vision Tunnel lineup. Featuring Cognex's widest field of view barcode reader, the DataMan 380, the 380 Modular Vision Tunnel provides a versatile solution customizable to meet specific customer requirements, with scalability built in.

Cognex Corporation (CGNX) came out with quarterly earnings of $0.11 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.27 per share a year ago.

Cognex's key end markets came under pressure last year. The stock could be an excellent recovery play for 2024.

Package delivery volumes should improve with lower financing costs. This EV manufacturer can raise prices as rates fall and fully exploit its ongoing cost-cutting.