Barrington Research Maintains Cognex Market Perform
Barrington Research maintained its Cognex (NASDAQ: CGNX) Market Perform rating in a research report published today.
In the report, Barrington Research stated, "Management said that second quarter revenues would be in the range of $82-85 million, which is up 6-9% sequentially from the first quarter benefiting from slight growth in factory automation and surface inspection, but offset by lower revenue in the semi and electronic."
Shares of Cognex closed today at $41.20, up 2.36% from Monday's market close.
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