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Cognex (CGNX) Catches Eye: Stock Adds 8.5% in Session

Cognex CorporationCGNX was a big mover last session, as its shares rose around 9% on the day. The move came after the company reported encouraging fourth-quarter results. This also led to far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up over 13% in the past one-month time frame.

The company has seen three positive estimate revisions in the past 30 days. The Zacks Consensus Estimate also moved higher over the same timeframe, suggesting that more solid trading could be ahead for Cognex. So make sure to keep an eye on this stock going forward to see if Friday's jump can turn into more strength down the road.

Cognex currently sports a Zacks Rank #1 (Strong Buy).

Cognex Corporation Price

Cognex Corporation Price | Cognex Corporation Quote

Another favorably placed stock in the Electronics - Testing Equipment space is Teradyne, Inc. TER , flaunting a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here.

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

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Cognex Corporation (CGNX): Free Stock Analysis Report

Teradyne, Inc. (TER): Free Stock Analysis Report

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


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

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