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Strength Seen in Cognex Corporation (CGNX): Stock Soars 10.8%
August 02, 2017

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Cognex Corporation (CGNX - Free Report) was a big mover last session, as the company saw its shares rise almost 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 23.9% in the past one-month time frame.

The move came after the company reported solid second-quarter 2017 results.

The company has not seen any estimate revisions over the past one month, while the Zacks Consensus Estimate for the current quarter also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Cognex currently carries a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%. 

Another player in the Electronics - Testing Equipment industry, which looks attractive at current levels, is Fortive Corporation (FTV - Free Report) , which has the same Zacks Rank as Cognex. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is CGNX going up? Or down? Predict to see what others think: Up or Down

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