Cognex (CGNX) PT Raised to $80 at Canaccord Genuity Following 1Q
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Cognex Reports Record First Quarter Results for Revenue, Net Income and Earnings Per Share
May 1, 2017 4:06 PM EDTNATICK, Mass.--(BUSINESS WIRE)-- Cognex Corporation (NASDAQ: CGNX) today announced that the company set new first quarter records for revenue, net income and earnings per share in the first quarter of 2017. In Table 1 below, selected financial data for the quarter ended April 2, 2017 is compared to the first and fourth quarters of 2016. A reconciliation of certain financial measures from GAAP to non-GAAP is shown in Exhibit 2 of this news release.
Table 1(Dollars in thousands, except per share amounts)
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Revenue
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Net Income
  ÂNetIncome perDiluted Share
... MoreCognex Increases Quarterly Cash Dividend
May 1, 2017 8:06 AM EDTNATICK, Mass.--(BUSINESS WIRE)-- Cognex Corporation (NASDAQ: CGNX) announced today that the companys Board of Directors declared a quarterly cash dividend of $0.085 per share, payable on June 16, 2017 to all shareholders of record at the close of business on June 2, 2017. This dividend represents an increase of $0.01 per share, or 13%, over the $0.075 per share dividend paid in the prior quarter.
Over the past decade, Cognex has returned approximately $200 million to shareholders in the form of cash dividends, while continuing to invest in new product development, expand our sales organization and to close a number of... More
Cognex Authorizes New Stock Buyback Program
May 1, 2017 8:06 AM EDTNATICK, Mass.--(BUSINESS WIRE)-- Cognex Corporation (NASDAQ: CGNX) announced today that the companys Board of Directors has authorized the purchase of up to $100 million of Cognex common stock in open market transactions, subject to market conditions and other relevant factors. This new authorization will commence after Cognex completes an existing $100 million repurchase program, of which approximately $39 million remains available.
The repurchase program is intended to help reduce share dilution associated with the companys equity incentive plans, which the company strongly believes is instrumental in its ability to recruit the highest... More
