Short interest for Cognex gives investors a sense of the degree to which investors are betting on the decline of Cognex's stock. Short interest data is updated every two weeks.

Cognex Stock (NASDAQ:CGNX), Short Interest Report

Cognex

Cognex Corp provides machine vision products that help automate manufacturing processes. The firm's products include vision software, vision systems, vision sensors, and ID products. Vision software combines vision tools with a customer's own cameras and peripheral equipment and can help with several vision tasks, including part location, identification, measurement, and robotic guidance. Vision systems combine a camera, processor, and vision software into a single package. Vision sensors deliver simple, low-cost solutions for common vision applications, such as checking the size of parts. ID products read codes that have been applied to items during the manufacturing process. Cognex generates the maximum proportion of its sales in the United States and Europe.

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Shares of  Herbalife Ltd. (NYSE: HLF) fell sharply in today’s session following weak quarterly earnings.

Why Herbalife Shares Are Trading Lower By Around 36%? Here Are Other Stocks Moving In Thursday&#39;s Mid-Day Session

BBIO

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U.S. stocks were mostly higher, with the Dow Jones index gaining more than 150 points on Wednesday.

Reliance Steel &amp; Aluminum Posts Upbeat Earnings, Joins JFrog, AppLovin, Shake Shack And Other Big Stocks Moving Higher On Thursday

Earnings

Guidance

Dividends

Tech

Cognex Corp (NASDAQ: CGNX) reported a third-quarter FY23 revenue decline of 6% to $197.24 million, beating the 

Cognex Dives into Vision Sensors and Optical Components, Raises Dividend

Cognex Corp

Citigroup analyst Piyush Avasthy maintains Cognex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGNX#NASDAQ">CGNX</a>) with a Neutral and raises the price target from $41 to $43.

Price Target

Analyst Ratings

Citigroup Maintains Neutral on Cognex, Raises Price Target to $43

Cognex Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cgnx#NASDAQ">CGNX</a>), the leader in industrial machine vision, today released the In-Sight&#xAE; L38 3D Vision System, which combines AI, 2D, and 3D vision technologies to solve a range of inspection and
Cognex Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGNX#NASDAQ">CGNX</a>), the leader in industrial machine vision, today released the In-Sight&#xAE; L38 3D Vision System, which combines AI, 2D, and 3D vision technologies to solve a range of inspection and measurement applications. The system creates unique projection images that combine 3D information into an easy-to-label 2D image for simplified training and reveals features not visible with traditional 2D imaging. AI tools detect variable or undefined features, while rule-based algorithms provide 3D measurements to deliver reliable inspection results.
The In-Sight L38 is an AI-powered solution for achieving new levels of quality in automated 3D inspections.
"In factory automation, where fast deployment and reliability are not just desired but essential, the In-Sight L38 offers both," said Carl Gerst, Executive Vice President of Vision and ID Products. "It's more than a 3D vision system. It's an AI-powered solution for achieving new levels of quality and performance in automated inspections."
The In-Sight L38 greatly simplifies the process of configuring 3D systems thanks to embedded AI technology that uses pre-trained models with domain-specific data. Example-based training replaces complex programming steps, which previously required combining many traditional rule-based tools, to streamline application development. The unique AI-powered 3D tools can be set up in minutes, requiring as few as 5 to 10 labeled images to automate a task. With one tool, users can detect challenging defects, gauge variances in three dimensions, and get results in real-world units.
Patented, speckle-free laser optics in the In-Sight L38 minimize visual noise and glare to capture higher resolution images than traditional laser displacement sensors, while a high-powered laser delivers fast acquisition rates to support high line speeds. The high-powered laser meets Class 2 safety standards, eliminating the need for expensive enclosures, and offers more light than traditional systems, which lowers exposure requirements and allows for increased line speeds.
The In-Sight L38 Vision System reflects Cognex's commitment to innovation, setting new standards for 3D inspection and driving advancements in manufacturing automation. For more information, visit <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4130311-1&amp;h=3112496674&amp;u=https%3A%2F%2Fwww.cognex.com%2Fin-sight-l38%3Futm_campaign%3D7014W000001v94MQAQ%26utm_source%3D3rd-party%26utm_medium%3Dorganic-social%26utm_content%3DL38-press&amp;a=cognex.com%2Fin-sight-l38">cognex.com/in-sight-l38</a> or call 1-855-4-COGNEX.

Cognex Launches 3D Vision System With AI

WIIM

Cognex shares are trading higher after UBS upgraded the stock from Neutral to Buy and raised its price target from $42 to $54.

UBS analyst Damian Karas upgrades Cognex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGNX#NASDAQ">CGNX</a>) from Neutral to Buy and raises the price target from $42 to $54.

Upgrades

UBS Upgrades Cognex to Buy, Raises Price Target to $54

At the end of today, March 14, 2024, Cognex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGNX#NASDAQ">CGNX</a>) will distribute a dividend payout of $0.07 per share, translating to an annualized dividend yield of 0.83%. Shareholders who held the stock before the ex-dividend date on February 28, 2024 will benefit from this payout.
<h3>Cognex Recent Dividend Payouts</h3>
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 </style><table>
<thead>
<tr>
<th>Ex-Date</th>
<th style="text-align: right;">Payments per year</th>
<th>Dividend</th>
<th>Yield</th>
<th>Announced</th>
<th>Record</th>
<th>Payable</th>
</tr>
</thead>
<tbody>
<tr>
<td>2024-02-28</td>
<td style="text-align: right;">4</td>
<td>$0.07</td>
<td>0.83%</td>
<td>2024-02-15</td>
<td>2024-02-29</td>
<td>2024-03-14</td>
</tr>
<tr>
<td>2023-11-16</td>
<td style="text-align: right;">4</td>
<td>$0.07</td>
<td>0.86%</td>
<td>2023-10-31</td>
<td>2023-11-17</td>
<td>2023-12-01</td>
</tr>
<tr>
<td>2023-08-17</td>
<td style="text-align: right;">4</td>
<td>$0.07</td>
<td>0.55%</td>
<td>2023-08-03</td>
<td>2023-08-18</td>
<td>2023-09-01</td>
</tr>
<tr>
<td>2023-05-18</td>
<td style="text-align: right;">4</td>
<td>$0.07</td>
<td>0.59%</td>
<td>2023-05-04</td>
<td>2023-05-19</td>
<td>2023-06-02</td>
</tr>
<tr>
<td>2023-03-02</td>
<td style="text-align: right;">4</td>
<td>$0.07</td>
<td>0.5%</td>
<td>2023-02-16</td>
<td>2023-03-03</td>
<td>2023-03-17</td>
</tr>
<tr>
<td>2022-11-17</td>
<td style="text-align: right;">4</td>
<td>$0.07</td>
<td>0.66%</td>
<td>2022-11-03</td>
<td>2022-11-18</td>
<td>2022-12-02</td>
</tr>
<tr>
<td>2022-08-18</td>
<td style="text-align: right;">4</td>
<td>$0.07</td>
<td>0.51%</td>
<td>2022-08-02</td>
<td>2022-08-19</td>
<td>2022-09-02</td>
</tr>
<tr>
<td>2022-05-19</td>
<td style="text-align: right;">4</td>
<td>$0.07</td>
<td>0.38%</td>
<td>2022-05-05</td>
<td>2022-05-20</td>
<td>2022-06-03</td>
</tr>
<tr>
<td>2022-03-03</td>
<td style="text-align: right;">4</td>
<td>$0.07</td>
<td>0.41%</td>
<td>2022-02-17</td>
<td>2022-03-04</td>
<td>2022-03-18</td>
</tr>
<tr>
<td>2021-11-18</td>
<td style="text-align: right;">4</td>
<td>$0.07</td>
<td>0.29%</td>
<td>2021-11-04</td>
<td>2021-11-19</td>
<td>2021-12-03</td>
</tr>
<tr>
<td>2021-08-19</td>
<td style="text-align: right;">4</td>
<td>$0.06</td>
<td>0.27%</td>
<td>2021-08-05</td>
<td>2021-08-20</td>
<td>2021-09-03</td>
</tr>
<tr>
<td>2021-05-20</td>
<td style="text-align: right;">4</td>
<td>$0.06</td>
<td>0.3%</td>
<td>2021-05-06</td>
<td>2021-05-21</td>
<td>2021-06-04</td>
</tr>
</tbody>
</table>
Cognex's dividend yield falls in the middle range when compared to its industry peers, with NAPCO Security Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NSSC#NASDAQ">NSSC</a>) having the highest annualized dividend yield at 0.99%.
<h3>Analyzing Cognex Financial Health</h3>
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. 
<h3>YoY Growth in Dividend Per Share</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1710428725_0.png" alt="dividend chart graph" />
During the period of 2021 to 2023, the company experienced a notable growth in its dividend per share. The dividend per share increased from $0.24 to $0.29, reflecting the company's focus on providing greater returns to its shareholders.
<h3>YoY Earnings Growth For Cognex</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1710428725_1.png" alt="earning chart graph" />
The earnings chart above shows that from 2021 to 2023, Cognex has experienced an increase in their earnings from $0.87 per share to $0.88 per share. This positive earnings trend is promising for income-seeking investors as it suggests that the company has more potential to increase its cash dividend payout if the trend continues.
<h3>Recap</h3>
This article provides an in-depth analysis of Cognex's recent dividend distribution and the impact it has on shareholders. The company is currently distributing a dividend of $0.07 per share, resulting in an annualized dividend yield of 0.83%.
Cognex's dividend yield falls in the middle range when compared to its industry peers, with NAPCO Security Techs having the highest annualized dividend yield at 0.99%.
Considering the increase in dividend per share from 2021 to 2023 along with an increase in earnings per share, Cognex appears to be in a strong financial position, indicating their ability to sustain dividend distributions to investors.
Keeping a close watch on the company's performance in the coming quarters will enable investors to stay abreast of any modifications in financials or dividend disbursements.
[See current stock movements Cognex on Benzinga.](https://www.benzinga.com/quote/Cognex (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cgnx#NASDAQ">CGNX</a>))
This article was generated by Benzinga's automated content engine and reviewed by an editor.

NSSC

Cognex Empowers Investors with Solid Returns and Fueling Shareholder Value

Truist Securities analyst Jamie Cook initiates coverage on Cognex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGNX#NASDAQ">CGNX</a>) with a Buy rating and announces Price Target of $47.

Initiation

Truist Securities Initiates Coverage On Cognex with Buy Rating, Announces Price Target of $47

Tuesday marks the last chance for investors to receive the next dividend payout from Cognex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGNX#NASDAQ">CGNX</a>). 
<h3>What's Happening</h3>
The company announced on Thursday that it would pay shareholders a quarterly dividend of 7.5 cents per share. On Wednesday, Cognex will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 7.5 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Wednesday. Shareholders who own CGNX as of the end of Tuesday's session are eligible to receive the 7.5 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on March 14, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To read more news on Cognex <a href="https://www.benzinga.com/stock//">click here</a>
<a href="https://www.benzinga.com/calendars/dividends">Click here</a> to visit our Dividends Calendar.

Cognex's Ex-Dividend Date Is Wednesday, Here's What You Need To Know

Shares of Herbalife Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hlf#NYSE">HLF</a>) fell sharply in today&rsquo;s session following <a href="https://www.benzinga.com/quote/HLF/earnings">weak quarterly earnings</a>.
Herbalife posted adjusted earnings of 28 cents per share, missing market estimates of 39 cents per share. The company&rsquo;s quarterly sales came in at $1.22 billion versus expectations of $1.19 billion.
Herbalife shares dipped 35.7% to $7.55 on Thursday.
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>JX Luxventure Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jxjt#NASDAQ">JXJT</a>) shares jumped 377% to $6.21 following H1 results.</li>
<li>Dunxin Financial Holdings Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dxf#NYSE">DXF</a>) surged 204% to $1.11 after gaining around 5% on Wednesday.</li>
<li>China Natural Resources, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chnr#NASDAQ">CHNR</a>) jumped 143% to $2.68 after gaining around 10% on Wednesday.</li>
<li>The Children&#39;s Place, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/plce#NASDAQ">PLCE</a>) rose 101% to $29.23.</li>
<li>Nano-X Imaging Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nnox#NASDAQ">NNOX</a>) shares climbed 54.7% to $9.84. Nvidia reported a 59,632 share stake in Nano X Imaging.</li>
<li>RiskOn International, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/roi#NASDAQ">ROI</a>) gained 54% to $0.1710.</li>
<li>SoundHound AI, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/soun#NASDAQ">SOUN</a>) gained 53% to $3.4499. According to data from Benzinga Pro, BlackRock reported a 5.6% passive stake in SoundHound AI after the market close. Traders also appear to be circling a filing from Nvidia in which the company disclosed positions in several companies, including SoundHound AI.</li>
<li>Orgenesis Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/orgs#NASDAQ">ORGS</a>) climbed 30.2% to $0.4362. Orgenesis 10% owner Jacob Safier acquired a total of 365,140 shares at an average price of $0.58.</li>
<li>Pegasystems Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pega#NASDAQ">PEGA</a>) jumped 27.8% to $64.84 after the company reported better-than-expected fourth-quarter financial results and issued FY24 EPS and revenue guidance above estimates.</li>
<li>JFrog Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/frog#NASDAQ">FROG</a>) shares gained 27% to $47.09 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter adjusted EPS and revenue guidance above estimates.</li>
<li>Infobird Co., Ltd (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ifbd#NASDAQ">IFBD</a>) rose 26% to $1.1800.</li>
<li>American Well Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amwl#NASDAQ">AMWL</a>) jumped 25% to $1.39 following quarterly results.</li>
<li>Datasea Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dtss#NASDAQ">DTSS</a>) gained 25% to $11.24. DataSea announced a $30 million 5G multimodal communication technology service agreement.</li>
<li>AppLovin Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/app#NASDAQ">APP</a>) rose 22% to $57.16 after the company reported better-than-expected fourth-quarter financial results.</li>
<li>Ultralife Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ulbi#NASDAQ">ULBI</a>) gained 21.4% to $9.60 following upbeat quarterly results.</li>
<li>Shake Shack Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/shak#NYSE">SHAK</a>) rose 18.6% to $92.60 after the company reported better-than-expected quarterly financial results and issued guidance.</li>
<li>Digital World Acquisition Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dwac#NASDAQ">DWAC</a>) jumped 18.6% to $51.65 after the company announced the U.S. Securities and Exchange Commission declared its registration statement on Form S-4 effective.</li>
<li>Sylvamo Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/slvm#NYSE">SLVM</a>) gained 18.5% to $53.94 following upbeat earnings.</li>
<li>DNOW Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dnow#NYSE">DNOW</a>) jumped 18.4% to $11.62 following strong quarterly results.</li>
<li>Express, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/expr#NYSE">EXPR</a>) climbed 18.1% to $2.4111.</li>
<li>Organon &amp; Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ogn#NYSE">OGN</a>) shares rose 16.5% to $19.07 after the company reported better than expected Q4 2023 earnings and issued 2024 guidance.</li>
<li>Roma Green Finance Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/roma#NASDAQ">ROMA</a>) shares surged 15.9% to $1.25 after falling 6% on Wednesday.</li>
<li>Rail Vision Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rvsn#NASDAQ">RVSN</a>) gained 15.2% to $6.76.</li>
<li>Organon &amp; Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ogn#NYSE">OGN</a>) rose 14.9% to $18.80 after the company reported better than expected fourth quarter earnings and issued 2024 guidance.</li>
<li>Zebra Technologies Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zbra#NASDAQ">ZBRA</a>) rose 14% to $288.44 after the company reported fourth-quarter financial results and issued first-quarter guidance above estimates.</li>
<li>Appian Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/appn#NASDAQ">APPN</a>) climbed 13.8% to $37.97 after the company reported fourth-quarter financial results above estimates.</li>
<li>Zebra Technologies Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zbra#NASDAQ">ZBRA</a>) rose 12.7% to $285.24 after the company reported fourth-quarter financial results and issued first-quarter guidance above estimates.</li>
<li>Informatica Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/infa#NYSE">INFA</a>) gained 12.6% to $33.91 after the company reported better-than-expected fourth-quarter financial results.</li>
<li>Patterson-UTI Energy, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pten#NASDAQ">PTEN</a>) rose 12.3% to $11.61 following strong sales.</li>
<li>Reliance Steel &amp; Aluminum Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rs#NYSE">RS</a>) rose 10.4% to $325.15 after the company reported fourth-quarter earnings above estimates and issued above-consensus first-quarter FY24 adjusted EPS.</li>
<li>EPAM Systems, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/epam#NYSE">EPAM</a>) gained 10.3% to $288.44 after the company reported fourth-quarter financial results and issued first-quarter revenue guidance above estimates.</li>
<li>Cognex Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cgnx#NASDAQ">CGNX</a>) rose 9.8% to $39.70 following upbeat earnings.</li>
<li>SunPower Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/spwr#NASDAQ">SPWR</a>) shares jumped 8.8% to $4.64 after the company announced raising $175 million in new capital financing from TotalEnergies and Global Infrastructure Partners and fourth-quarter financial results below estimates.</li>
<li>Lyft, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lyft#NASDAQ">LYFT</a>) rose 8.6% to $17.82. Lyft recently reported fourth-quarter financial results and issued guidance.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Treasure Global Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tgl#NASDAQ">TGL</a>) fell 45.7% to $0.0862 following second-quarter results.</li>
<li>Beamr Imaging Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bmr#NASDAQ">BMR</a>) fell 44% to $9.00.</li>
<li>Earlyworks Co., Ltd (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/elws#NASDAQ">ELWS</a>) shares fell 39.1% to $0.7979.</li>
<li>Upexi, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/upxi#NASDAQ">UPXI</a>) shares declined 30.4% to $0.96 following weak quarterly results.</li>
<li>Telomir Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/telo#NASDAQ">TELO</a>) shares fell 30.1% to $8.31 after jumping around 70% on Wednesday.</li>
<li>Fastly, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fsly#NYSE">FSLY</a>) shares tumbled 29.2% to $16.67 after the company reported mixed fourth-quarter financial results.</li>
<li>Cineverse Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cnvs#NASDAQ">CNVS</a>) shares fell 27.2% to $1.7120 after the company reported worse-than-expected third-quarter financial results.</li>
<li>Aurinia Pharmaceuticals Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/auph#NASDAQ">AUPH</a>) fell 26.1% to $5.89 after the company reported mixed fourth-quarter financial results and said it did not find a buyer after conducting a strategic business review.</li>
<li>Clean Energy Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cety#NASDAQ">CETY</a>) dipped 26% to $0.7989.</li>
<li>Renalytix Plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rnlx#NASDAQ">RNLX</a>) fell 25.4% to $0.9001 after the company posted weak quarterly sales.</li>
<li>Innodata Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/inod#NASDAQ">INOD</a>) fell 25.2% to $9.16 after Wolfpack Research issued a report on the company and said it is short the stock.</li>
<li>Sabre Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sabr#NASDAQ">SABR</a>) dipped 23.3% to $3.3850 after the company reported mixed quarterly financial results.</li>
<li>Udemy, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/udmy#NASDAQ">UDMY</a>) fell 20.8% to $11.08 after the company reported fourth-quarter financial results.</li>
<li>Nu Skin Enterprises, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nus#NYSE">NUS</a>) shares fell 18.8% to $14.15 after the company reported fourth-quarter financial results.</li>
<li>West Pharmaceutical Services, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wst#NYSE">WST</a>) fell 18.5% to $332.37 after the company reported mixed fourth-quarter financial results and issued 2024 adjusted EPS and sales guidance below estimates.</li>
<li>Twilio Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/twlo#NYSE">TWLO</a>) dipped 13.8% to $62.29 after the company reported fourth-quarter financial results.</li>
<li>The Manitowoc Company, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mtw#NYSE">MTW</a>) fell 12.6% to $14.36 following weak earnings.</li>
<li>Manchester United plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/manu#NYSE">MANU</a>) fell 12.1% to $18.90.</li>
<li>Hanesbrands Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hbi#NYSE">HBI</a>) fell 11.6% to $4.17 following weak results.</li>
<li>PENN Entertainment, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/penn#NASDAQ">PENN</a>) fell 10.2% to $20.17 following weak results.</li>
<li>Insight Enterprises, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nsit#NASDAQ">NSIT</a>) dipped 5.5% to $182.10 after the company reported fourth-quarter financial results and issued FY24 EPS guidance below estimates.</li>
<li>Deere &amp; Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/de#NYSE">DE</a>) fell 4.7% to $366.79 after the company reported first-quarter earnings and lowered FY24 net income guidance.</li>
<li>Rollins, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rol#NYSE">ROL</a>) fell 4.1% to $42.42 following quarterly results.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/02/37150356/disney-progressive-leidos-and-more-cnbcs-final-trades"> Disney, Progressive, Leidos And More: CNBC&#39;s &#39;Final Trades&#39;</a>

Why Herbalife Shares Are Trading Lower By Around 36%? Here Are Other Stocks Moving In Thursday's Mid-Day Session

U.S. stocks were mostly higher, with the Dow Jones index gaining more than 150 points on Wednesday.
Shares of Reliance Steel &amp; Aluminum Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rs#NYSE">RS</a>) rose sharply in today&rsquo;s session after the company reported fourth-quarter earnings above estimates and issued above-consensus first-quarter FY24 adjusted EPS.
Reliance Steel &amp; Aluminum posted adjusted earnings of $4.73 per share, beating market estimates of $3.92 per share. The company&rsquo;s quarterly sales came in at $3.34 billion versus estimates of $3.30 billion.
Reliance Steel &amp; Aluminum shares climbed 10.4% to $325.15 on Thursday.
Here are some other big stocks recording gains in today&rsquo;s session.
<ul>
<li>Nano-X Imaging Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nnox#NASDAQ">NNOX</a>) shares surged 54.7% to $9.84. Nvidia reported a 59,632 share stake in Nano X Imaging.</li>
<li>SoundHound AI, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/soun#NASDAQ">SOUN</a>) rose 53% to $3.4499. According to data from Benzinga Pro, BlackRock reported a 5.6% passive stake in SoundHound AI after the market close. Traders also appear to be circling a filing from Nvidia in which the company disclosed positions in several companies, including SoundHound AI.</li>
<li>Pegasystems Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pega#NASDAQ">PEGA</a>) climbed 27.8% to $64.84 after the company reported better-than-expected fourth-quarter financial results and issued FY24 EPS and revenue guidance above estimates.</li>
<li>JFrog Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/frog#NASDAQ">FROG</a>) shares gained 27% to $47.09 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter adjusted EPS and revenue guidance above estimates.</li>
<li>American Well Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amwl#NASDAQ">AMWL</a>) surged 25% to $1.39 following quarterly results.</li>
<li>Datasea Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dtss#NASDAQ">DTSS</a>) climbed 25% to $11.24. DataSea announced a $30 million 5G multimodal communication technology service agreement.</li>
<li>AppLovin Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/app#NASDAQ">APP</a>) climbed 22% to $57.16 after the company reported better-than-expected fourth-quarter financial results.</li>
<li>Ultralife Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ulbi#NASDAQ">ULBI</a>) rose 21.4% to $9.60 following upbeat quarterly results.</li>
<li>Shake Shack Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/shak#NYSE">SHAK</a>) climbed 18.6% to $92.60 after the company reported better-than-expected quarterly financial results and issued guidance.</li>
<li>Digital World Acquisition Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dwac#NASDAQ">DWAC</a>) gained 18.6% to $51.65 after the company announced the U.S. Securities and Exchange Commission declared its registration statement on Form S-4 effective.</li>
<li>Sylvamo Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/slvm#NYSE">SLVM</a>) rose 18.5% to $53.94 following upbeat earnings.</li>
<li>DNOW Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dnow#NYSE">DNOW</a>) surged 18.4% to $11.62 following strong quarterly results.</li>
<li>Organon &amp; Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ogn#NYSE">OGN</a>) shares gained 16.5% to $19.07 after the company reported better than expected Q4 2023 earnings and issued 2024 guidance.</li>
<li>BridgeBio Pharma, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bbio#NASDAQ">BBIO</a>) rose 15.6% to $39.75.</li>
<li>Zebra Technologies Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zbra#NASDAQ">ZBRA</a>) gained 14% to $288.44 after the company reported fourth-quarter financial results and issued first-quarter guidance above estimates.</li>
<li>Appian Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/appn#NASDAQ">APPN</a>) surged 13.8% to $37.97 after the company reported fourth-quarter financial results above estimates.</li>
<li>Zebra Technologies Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zbra#NASDAQ">ZBRA</a>) gained 12.7% to $285.24 after the company reported fourth-quarter financial results and issued first-quarter guidance above estimates.</li>
<li>Informatica Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/infa#NYSE">INFA</a>) rose 12.6% to $33.91 after the company reported better-than-expected fourth-quarter financial results.</li>
<li>Patterson-UTI Energy, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pten#NASDAQ">PTEN</a>) gained 12.3% to $11.61 following strong sales.</li>
<li>Blueprint Medicines Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bpmc#NASDAQ">BPMC</a>) gained 11.5% to $85.66 following strong results.</li>
<li>CRISPR Therapeutics AG (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/crsp#NASDAQ">CRSP</a>) rose 10.8% to $87.62. Wolfe Research analyst Andy Chen initiated coverage on CRISPR Therapeutics with a Peer Perform rating.</li>
<li>Antero Resources Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ar#NYSE">AR</a>) gained 10.5% to $23.44 following upbeat results.</li>
<li>EPAM Systems, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/epam#NYSE">EPAM</a>) rose 10.3% to $288.44 after the company reported fourth-quarter financial results and issued first-quarter revenue guidance above estimates.</li>
<li>Kadant Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kai#NYSE">KAI</a>) climbed 10% to $346.60 following strong results.</li>
<li>Cognex Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cgnx#NASDAQ">CGNX</a>) gained 9.8% to $39.70 following upbeat earnings.</li>
<li>Cushman &amp; Wakefield plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cwk#NYSE">CWK</a>) rose 8.8% to $11.72.</li>
<li>SunPower Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/spwr#NASDAQ">SPWR</a>) shares climbed 8.8% to $4.64 after the company announced raising $175 million in new capital financing from TotalEnergies and Global Infrastructure Partners and fourth-quarter financial results below estimates.</li>
<li>Lyft, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lyft#NASDAQ">LYFT</a>) gained 8.6% to $17.82. Lyft recently reported fourth-quarter financial results and issued guidance.</li>
<li>Manulife Financial Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mfc#NYSE">MFC</a>) rose 7.6% to $24.34 following upbeat earnings.</li>
<li>Albemarle Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/alb#NYSE">ALB</a>) gained 7% to $122.36 after the company reported quarterly financial results.</li>
<li>Coinbase Global, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/coin#NASDAQ">COIN</a>) rose 6.2% to $170.35 after JP Morgan upgraded the stock from Underweight to Neutral and announced an $80 price target.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/24/02/37156040/top-4-health-care-stocks-you-may-want-to-dump-in-february"> Top 4 Health Care Stocks You May Want To Dump In February </a>

Reliance Steel & Aluminum Posts Upbeat Earnings, Joins JFrog, AppLovin, Shake Shack And Other Big Stocks Moving Higher On Thursday

Financial&nbsp;Outlook&nbsp;&ndash;&nbsp;Q1&nbsp;2024
<ul>
<li>Cognex expects revenue to be between&nbsp;$190 million&nbsp;and&nbsp;$205 million. This range is narrower than our typical&nbsp;$20 million&nbsp;range as we expect to see another quarter with a challenging, yet relatively stable operating environment. We expect Moritex to contribute&nbsp;6-8%&nbsp;of revenue.</li>
<li>Adjusted gross margin1&nbsp;is expected to be in the high-60%&nbsp;range and reflects the expected impact of de-leverage from softer revenue, negative revenue mix, an approximately 2 percentage point drag from a full-quarter of Moritex, and a 2 percentage point drag from a strategic logistics project that is expected to drive longer-term, high-margin subscription revenue.</li>
<li>Adjusted operating expense1&nbsp;is expected to increase mid-single-digits on a sequential basis due to investment in the Emerging Customer initiative, higher incentive compensation, and the impact of a full quarter of Moritex operations.</li>
<li>The adjusted effective tax rate1&nbsp;is expected to be&nbsp;16%.</li>
</ul>

Cognex Corp Expects Q1 Revenue of $190M-$205M Vs $211.56M Est

Cognex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGNX#NASDAQ">CGNX</a>) reported quarterly earnings of $0.11 per share which beat the analyst consensus estimate of $0.10 by 10 percent. This is a 59.26 percent decrease over earnings of $0.27 per share from the same period last year. The company reported quarterly sales of $196.67 million which beat the analyst consensus estimate of $188.59 million by 4.28 percent. This is a 17.86 percent decrease over sales of $239.43 million the same period last year.

Cognex Q4 Adj EPS $0.11 Beats $0.10 Estimate, Sales $196.67M Beat $188.59M Estimate

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Earnings Scheduled For February 15, 2024

Cognex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGNX#NASDAQ">CGNX</a>) is set to give its latest quarterly earnings report on Thursday, 2024-02-15. Here's what investors need to know before the announcement.
Analysts estimate that Cognex will report an earnings per share (EPS) of $0.10. 
Cognex bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.02, which was followed by a 3.39% drop in the share price the next day.
Here's a look at Cognex's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.14</td>
<td>0.28</td>
<td>0.09</td>
<td>0.32</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.16</td>
<td>0.32</td>
<td>0.13</td>
<td>0.27</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-3.39%</td>
<td>-3.16%</td>
<td>-1.76%</td>
<td>-12.96%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1707933662_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Cognex were trading at $35.32 as of February 13. Over the last 52-week period, shares are down 34.95%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<a href="https://www.benzinga.com/quote/CGNX/earnings">To track all earnings releases for Cognex visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview: Cognex

Disclosed in a recent SEC filing on January 10, Sun, Board Member at Cognex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGNX#NASDAQ">CGNX</a>), made a noteworthy transaction involving the exercise of company stock options.
What Happened: The latest Form 4 filing on Wednesday with the <a href="https://www.sec.gov/Archives/edgar/data/0000851205/000180604324000002//Archives/edgar/data/851205/000180604324000002/0001806043-24-000002-index.htm">U.S. Securities and Exchange Commission</a> uncovered Sun, Board Member at Cognex, exercising stock options for 26,000 shares of CGNX. The total transaction was valued at $508,949.
The latest update on Thursday morning shows Cognex shares up by 0.03%, trading at $39.23. At this price, Sun's 26,000 shares are worth $508,949.
<h3>About Cognex</h3>
Cognex Corp provides machine vision products that help automate manufacturing processes. The firm's products include vision software, vision systems, vision sensors, and ID products. Vision software combines vision tools with a customer's own cameras and peripheral equipment and can help with several vision tasks, including part location, identification, measurement, and robotic guidance. Vision systems combine a camera, processor, and vision software into a single package. Vision sensors deliver simple, low-cost solutions for common vision applications, such as checking the size of parts. ID products read codes that have been applied to items during the manufacturing process. Cognex generates the largest proportion of its sales in the United States and Europe.
<h3>Cognex's Financial Performance</h3>
Negative Revenue Trend: Examining Cognex's financials over 3 months reveals challenges. As of 30 September, 2023, the company experienced a decline of approximately -5.91% in revenue growth, reflecting a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Navigating Financial Profits:
<ul>
<li>
Gross Margin: The company maintains a high gross margin of 72.39%, indicating strong cost management and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Cognex's EPS is below the industry average, signaling challenges in bottom-line performance with a current EPS of 0.11.
</li>
</ul>
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.05.
Assessing Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current Price to Earnings ratio of 43.1 is higher than the industry average, indicating the stock is priced at a premium level according to the market sentiment.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 7.74 is above industry norms, reflecting an elevated valuation for Cognex's stock and potential overvaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Cognex's EV/EBITDA ratio of 33.34 exceeds industry averages, indicating a premium valuation in the market
</li>
</ul>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
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<h3>The Impact of Insider Transactions on Investments</h3>
Insider transactions contribute to decision-making but should be supplemented by a comprehensive investment analysis.
When discussing legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated in Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are required to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
A new purchase by a company insider is a indication that they anticipate the stock will rise.
On the other hand, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Exploring Key Transaction Codes</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates grant, award or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000851205">Check Out The Full List Of Cognex's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Anthony Sun At Cognex Executes Options Exercise, Realizing $508K

<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4060296-1&amp;h=1528797310&amp;u=https%3A%2F%2Fwww.cognex.com%2F&amp;a=Cognex+Corporation">Cognex Corporation</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGNX#NASDAQ">CGNX</a>), a leading provider of machine vision for factory automation, today announced that Paul Todgham has resigned from his position as Senior Vice President, Finance and Chief Financial Officer effective March 15, 2024.&nbsp; Mr. Todgham will continue to serve in the role of CFO until March 15, 2024, and will remain available to the company on a consulting basis after that time.
&nbsp;
"Paul has been a valued member of our executive team over these past four years," said Rob Willett, Cognex's President and Chief Executive Officer. "Paul has made significant contributions to Cognex's success, including the enhancement of Cognex's planning and budgeting process, as well as overseeing investments in Cognex's CRM platform. We wish him the very best in his future endeavors."
"I am proud of what we have accomplished and honored to have worked with such a talented and dedicated team," commented Paul Todgham. "It has been a privilege to be part of Cognex's journey, and I look forward to the company's continued success."
Cognex is conducting a search process to identify a new CFO.

Management

Cognex Announces Paul Todgham Has Resigned From His Position As Senior Vice President, Finance And Chief Financial Officer Effective March 15, 2024; Cognex Is Conducting A Search Process To Identify A New CFO

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Maxeon Solar Technologies, Ltd. - Ordinary Shares

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Shares of broader technology stocks are trading higher amid a decrease in the 10-year Treasury yield following the Fed's decision to leave rates unchanged. Most Fed officials expect rate cuts in 2024-2026, which could be favorable for growth stocks.

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Cognex Stock (NASDAQ:CGNX), Short Interest Report

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