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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Cognex Corporation    CGNX

COGNEX CORPORATION

(CGNX)
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Cognex : Introduces Next Generation of High-Performance Handheld Barcode Readers; DataMan 8700 Series instantly reads the most challenging codes

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09/11/2020 | 10:56am EDT

Cognex Corporation announces the launch of its DataMan® 8700 Series of handheld barcode readers. Built on a completely redesigned platform, this next generation of handheld readers delivers cutting-edge performance and ease of use with no tuning or operator training required.

"Cognex specializes in reading the most difficult barcodes at the highest speed and accuracy," said Carl Gerst, Cognex Senior Vice President and Business Unit Manager of Identification Products. "With the 8700 series, we've developed the world's fastest line of industrial handheld readers, offering unprecedented response times and durability right out of the box."

Featuring advanced image formation and quick processing, the 8700 Series can instantly read challenging direct part mark (DPM) and label-based codes, even when vital elements of the code are missing or damaged. Designed with oil-resistant and waterproof plastics, the readers are built to last in the harshest manufacturing environments.

The new readers include built-in OLED display screens to enable quick setup and operator feedback, such as wireless signal strength, read string data, and remaining battery life. They also support a broad range of industrial protocols and wireless communication options to connect seamlessly and operate efficiently in any facility.

The 8700 Series is ideal for improving factory efficiency, productivity, and component traceability across a range of industries, including automotive, medical devices, electronics, and aerospace.

For more information, visit www.cognex.com/dataman-8700 or call +44 121 296 5163.

About Cognex Corporation

Cognex Corporation designs, develops, manufactures, and markets a wide range of image-based products, all of which use artificial intelligence (AI) techniques that give them the human-like ability to make decisions on what they see. Cognex products include machine vision systems, deep learning vision software, machine vision sensors, and barcode readers that are used in factories and distribution centers around the world, where they eliminate production and shipping errors.

Cognex is the world's leader in the machine vision industry, having shipped more than 2 million image-based products, representing over $7 billion in cumulative revenue, since the company's founding in 1981. Headquartered in Natick, Massachusetts, USA, Cognex has offices and distributors located throughout the Americas, Europe, and Asia. For details visit Cognex online at www.cognex.com.

Guptill Janina

Phone : +44 121 296 5163

Janina.Guptill@cognex.com

.

(C) 2020 M2 COMMUNICATIONS, source M2 PressWIRE


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Financials (USD)
Sales 2020 734 M - -
Net income 2020 115 M - -
Net cash 2020 339 M - -
P/E ratio 2020 104x
Yield 2020 0,34%
Capitalization 11 669 M 11 669 M -
EV / Sales 2020 15,4x
EV / Sales 2021 13,4x
Nbr of Employees 2 267
Free-Float 95,6%
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Technical analysis trends COGNEX CORPORATION
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TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 18
Average target price 60,29 $
Last Close Price 67,43 $
Spread / Highest target 26,1%
Spread / Average Target -10,6%
Spread / Lowest Target -42,2%
EPS Revisions
Managers
NameTitle
Robert J. Willett President, Chief Executive Officer & Director
Robert J. Shillman Executive Chairman & Chief Culture Officer
Paul D. Todgham Chief Financial Officer & Senior VP-Finance
Patrick A. Alias Non-Executive Director & Senior Vice President
Theodor Krantz Independent Director
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