Cognex Corp., a machine vision tech firm, faces a 17% 2023 revenue decline and 1% Q2 dip due to 2024 end-market weakness.
Cognex Corp., a machine vision tech firm, faces 2024 end-market weakness, causing a 17% 2023 revenue decline & 1% Q2 dip. Despite this, the company's $6.5B served market & 15% share suggest long-term growth, aided by AI advancements and machine vision in automation. Cognex's projected 13% annual growth and 15% annual growth expectation make it an appealing investment despite a 62% stock fall from its peak.
August 10, 2024
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