Cognex Corp (NASDAQ:CGNX)
CAPS Rating:
The Company designs, develops, manufactures, and markets machine vision systems which are used to automate a range of manufacturing processes where vision is required.
The Company designs, develops, manufactures, and markets machine vision systems which are used to automate a range of manufacturing processes where vision is required.
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Recs
I really like the long-term thesis, but I think the recent run-up (45% or so in the last two months on no news) has gotten a bit ahead of itself. I expect a short-term pullback when earnings are announced as actual results simply won't be able to satisfy the recent priced-in expectations. I also expect a lot volatility in March when the Greece debt crisis will come to a head.