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Cognex (CGNX) Shows Strength: Stock Adds 5.4% in Session
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Cognex Corporation (CGNX - Free Report) was a big mover last session, as the company saw its shares rise little above 5% on the day. The upside was driven by the company's record revenues, net income and earnings per share posted in the first quarter of 2017. Also, this led to far more shares changing hands than in a normal session. This breaks the recent trend for the company as the stock is now trading above the volatile price range of $79.83 to $85.76 in the past one-month time frame.
The company has seen no positive or negative estimate revision in the past 30 days. Also, its Zacks Consensus Estimate remained unchanged over the same timeframe. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Is CGNX going up? Or down? Predict to see what others think: Up or Down
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
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Cognex (CGNX) Shows Strength: Stock Adds 5.4% in Session
Cognex Corporation (CGNX - Free Report) was a big mover last session, as the company saw its shares rise little above 5% on the day. The upside was driven by the company's record revenues, net income and earnings per share posted in the first quarter of 2017. Also, this led to far more shares changing hands than in a normal session. This breaks the recent trend for the company as the stock is now trading above the volatile price range of $79.83 to $85.76 in the past one-month time frame.
The company has seen no positive or negative estimate revision in the past 30 days. Also, its Zacks Consensus Estimate remained unchanged over the same timeframe. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Cognex currently holds a Zacks Rank #2 (Buy).
Cognex Corporation Price
Cognex Corporation Price | Cognex Corporation Quote
A top-ranked stock in the Electronics -Testing Equipment industry is Teradyne, Inc. (TER - Free Report) sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is CGNX going up? Or down? Predict to see what others think: Up or Down
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>