Cognex Corporation (CGNX) trades in the competitive technology sector. It produces machine vision products that capture and analyse visual information in unison with automated technology. As an industry forerunner, the company was established by Robert J. Shillman, William Silver and Marilyn Matz in 1981, and is based in Natick, Massachusetts. Through offices located in America, Europe and Asia, Cognex Corp conducts business with approximately 400 channel partners. In the competitive field of vision technology, COGNEX is a seasoned leader.
Publicly traded, Cognex Corp is a midcap stock trading as CGNX on the NASDAQ. On 1st September 2020, CGNX shares closed at $70.02 per share. The stock is in a comfortable uptrend trying to break out into an all-time high.
In 2019, Cognex Corp. reached sales figures of $689m and is on track to surpass those numbers again. The company prides itself on its financial performance and has paid dividends for 17 years. It invests approximately 16% of its revenue on R&D and operates on a substantial 74% gross margin.
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