JUMP REPORT
| Avg Daily Volume: 1,324,698 Market Cap: 7B Sector: Technology Short Interest: 3.78 |
EARNINGS EXPECTATIONS:
THIS QTR: EPS: .08/share REV: 157.37/M
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LAST QTR: EPS: .13/share ACTUAL: .11/share (MISS)
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NEXT QTR: EPS: .13/share REV: 168.80/M
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FULL YR: EPS: .60/share REV: 702/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 68% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -2.69, -7.22, -16.25
EXPECTED JUMP MOVE: 8-10%
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*** With market volatility at extremes during the coronavirus pandemic there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before trading.
Links To Latest News and Headlines
Morgan Stanley analyst Joshua Pokrzywinski downgraded Cognex Corp (NASDAQ: CGNX) from Equal-Weight to Underweight and lowered the price target from $41 to $40. The analyst believes logistics could be much worse than is implied in 50% of 2023. Amazon.com Inc (NASDAQ: AMZN), CGNX’s most significant customer, has been vocal about cutting its fulfillment and warehouse Capex in 2022 and 2023, and the analyst saw Amazon having excess fulfillment capacity until 4Q24 or even 2025. The analyst saw organi
NATICK, Mass., January 12, 2023–Cognex Corporation (NASDAQ: CGNX) will release earnings for the fourth quarter of 2022 on Thursday, February 16, 2023, after the market closes, and will host a conference call that same day at 5:00 p.m. Eastern Standard Time (EST). The earnings release and conference call are scheduled to coincide with the company’s expected filing of its Form 10-K for the year ended December 31, 2022.
If you have $30,000 to invest and are looking to strike it big in a decade or so, then it’s a good idea to look at some companies exposed to megatrends in the economy. I think industrial software company PTC (NASDAQ: PTC), infrastructure software company Bentley Systems (NASDAQ: BSY), and machine vision specialist Cognex (NASDAQ: CGNX) fit the bill.
Most readers would already be aware that Cognex’s (NASDAQ:CGNX) stock increased significantly by 15% over the past…
Industrial technology company Cognex is going through a rough patch, but its long-term prospects remain excellent.
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