Weakness Seen in Cognex (CGNX): Stock Tumbles 8.2% - Tale of the Tape

By
A A A

Cognex Corporation ( CGNX ) saw a big move last session, as the company's shares fell over 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the most recent uptrend for CGNX, as the stock is now up over 6% since Feb 5.

This Scientific & Technical Instruments company has seen a flat track record when it comes to current year estimate revisions, as there has been only one negative revision in the past few weeks. The consensus for earnings estimate hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

CGNX currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

Investors interested in the  Electrical Test Equipment industry may consider a better-ranked stock like Ametek Inc. ( AME ) which holds a Zacks Rank #2 (Buy).

Some better-ranked stocks in the technology sector include Autodesk, Inc. ( ADSK ) and Akamai Technologies, Inc. ( AKAM ), both carrying a Zacks Rank #1 (Strong Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>



AUTODESK INC (ADSK): Free Stock Analysis Report

AKAMAI TECH (AKAM): Free Stock Analysis Report

AMETEK INC (AME): Free Stock Analysis Report

COGNEX CORP (CGNX): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas , Stocks

Referenced Stocks: ADSK , AKAM , AME , CGNX

Zacks.com

Zacks.com

More from Zacks.com:

Related Videos

Budgeting for Baby
Budgeting for Baby                  
A Home to Retire In
A Home to Retire In                 

Stocks

Referenced

Most Active by Volume

86,692,048
  • $16.82 ▼ 1.35%
66,073,054
  • $13.30 ▼ 6.27%
54,801,491
  • $14.59 ▼ 1.35%
54,305,010
  • $76.55 ▼ 3.15%
53,982,567
  • $3.42 ▼ 2.01%
53,146,472
  • $97.21 ▼ 1.60%
50,334,521
  • $99.18 ▼ 1.56%
44,049,276
  • $25.03 ▼ 0.56%
As of 10/1/2014, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com