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February 14, 2014
10:46 EDTCGNX, CGNXCognex downgraded to Underperform from Outperform at CLSA (pre-open)
Pre-open, CLSA downgraded Cognex due to valuation.
News For CGNX From The Last 14 Days
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July 29, 2014
09:17 EDTCGNXOn The Fly: Pre-market Movers
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July 28, 2014
18:31 EDTCGNXOn The Fly: After Hours Movers
UP AFTER EARNINGS: Cognex (CGNX), up 16.4% after reporting second quarter results and third quarter revenue guidance above analyst expectations... HealthSouth (HLS), up 7.4% after reporting second quarter results and increasing fiscal 2014 EPS and Adjusted EBITDA guidance... Amkor Technology (AMKR), up 6.4%... Integrated Device (IDTI), up 7.6% after reporting first quarter results... Masco (MAS), up 4.8%. ALSO HIGHER: Darden Restaurants (DRI), up 4.6% following the company's announcement that chairman and CEO Clarence Otis will step down and the board will separate the chairman and CEO roles, appointing lead independent director Charles Ledsinger, Jr., as independent non-executive chairman... Arrowhead Research (ARWR), up 16.5% following positive comments made by CEO Christopher Anzalone, Ph.D. in an interview on CNBC. DOWN AFTER EARNINGS: Herbalife (HLF), down 11.5% after reporting disappointing second quarter results and giving guidance for the third quarter and fiscal 2014... Alliance Fiber Optic (AFOP), down 9.7%... Plum Creek Timber (PCL), down 2.8%... Eastman Chemical (EMN), down fractionally after reporting quarterly results. ALSO LOWER: TCP Capital (TCPC), down 3.1% after filing to sell $5.4M shares of common stock.
16:18 EDTCGNXCognex sees Q3 revenue $165M-$170M, consensus $141.98M
Q3 revenue outlook includes expected revenue in excess of $60M from a major customer. This range represents an increase of more than 50% over the revenue reported for Q2. Gross margin is expected to be in the mid-70% range, slightly lower than in recent quarters. Operating expenses are expected to increase by approximately 25% over Q2. Cognex intends to make further investments in growth areas, some of which are not expected to repeat in Q4. Operating expenses for Q4 are expected to be approximately 10% higher than in Q2. The effective tax rate is expected to be 19% before discrete tax items.
16:17 EDTCGNXCognex reports Q2 EPS 29c, consensus 22c
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