Professional
Added to YB: 2026-03-06
Pitch date: 2026-03-04
CGNX [neutral]
Cognex Corporation
Author Info
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Company Info
Cognex Corporation provides machine vision products that capture and analyze visual information to automate manufacturing and distribution tasks in the United States, Europe, Greater China, and internationally.
Market Cap
$8.9B
Pitch Price
N/A
Price Target
N/A
Dividend
0.63%
EV/EBITDA
41.38
P/E
78.84
EV/Sales
8.67
Sector
Electronic Equipment, Instruments and Components
Category
growth
Pernas Research Passes On: Cognex Corporation
CGNX (pass): Global leader in industrial machine vision (hardware/software for automated inspection), ~$1B rev in ~$7B market growing 10-11% annually. High-20s% EBITDA margins through cycle via proprietary software stack. Expanding AI-enabled tools, benefiting from logistics/electronics automation demand. Premium valuation (45x EV/EBITDA) after recent run-up warrants waiting for better entry.
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