|Company's Full Name:||Cognex Corporation|
|Trading Ticker Symbol:||CGNX|
|Headquarter City/Country:||Massachusetts, MA|
|Primary Industry Sector:||Capital Goods|
|Seconday Sub-sector:||Industrial Machinery and Components|
|Main Business Areas:||Capital Goods, Industrial Machinery and Components, Technology, Scientific & Technical Instruments|
|Dividend Payments:||Dividend History|
|Current Share Price:||$45.81|
|Previous Year's Closing Price:||$38.67|
|Percentage Price Change (YTD):||18.46%|
|Market Cap:||$7.86 billion|
|52-week Price Range:||$34.88 - $59.18|
|Dividend Per Share:||$0.19|
Cognex Corporation (Cognex), incorporated on January 7, 1981, is a provider of machine vision products that capture and analyze visual information in order to automate tasks, primarily in manufacturing processes, where vision is required. The Company operates through the machine vision technology segment. The Company's machine vision products are used to automate the manufacture and tracking of discrete items, such as mobile phones, aspirin bottles and automobile tires, by locating, identifying, inspecting and measuring them during the manufacturing or distribution process. The Company's products include vision software, vision systems, vision sensors and identification (ID) products. Its products range from vision sensors that are integrated, to personal computer (PC)-based systems for users. Its products also have a range of physical forms, depending upon the user's need. Cognex sells its products through a direct sales force, as well as through a global network of integration and distribution partners.
The Company's service offerings include maintenance and support, consulting and training services. The Company's maintenance and support programs include hardware support programs that entitle customers to have failed products repaired, as well as software support programs that provide customers with application support and software updates on the software releases. Application support is provided by technical support personnel located at Cognex regional offices, as well as by field service engineers that provide support at the customer's production site. It provides consulting services that range from a specific area of functionality to an integrated vision application or installed ID application. Training services include a range of product courses that are available at its offices across the world, at customer facilities, and on computer-based tutorials, video and the Internet.
The Company's vision software allows users to combine the general-purpose library of Cognex vision tools with the cameras, frame grabbers and peripheral equipment of their choice. The vision software runs on the customer's PC, which enables integration with PC-based data and controls. Applications based upon Cognex vision software perform a range of vision tasks, including part location, identification, measurement, assembly verification and robotic guidance. Cognex's VisionPro software offers a suite of vision tools for programing, while Cognex Designer allows customers to build vision applications with graphical, flowchart-based programing environment. Cognex also offers a series of displacement sensors.
The Company's vision systems combine camera, processor and vision software into a single, rugged package with a user interface for configuring applications. These general-purpose vision systems are designed to be programed to perform a range of vision tasks, including part location, identification, measurement, assembly verification and robotic guidance. Cognex offers the In-Sight product line of vision systems in a range of models.
The Company's vision sensors are designed to deliver solutions for various common vision applications, such as checking the presence and size of parts. Cognex offers the In-Sight 2000 Series, which combines the power of an In-Sight vision system with a vision sensor.
The Company's ID products read codes, such as one-dimensional barcodes or two-dimensional data matrix codes that have been applied to, or directly marked on, discrete items during the manufacturing process. Manufacturers of goods ranging from automotive parts, pharmaceutical items, aircraft components and medical devices use direct part mark (DPM) identification to ensure that the appropriate manufacturing processes are performed in the correct sequence and on the right parts. In addition, DPM is used in supply chain management and repair. It also offers applications in the automatic identification market outside of the manufacturing sector, such as using ID products in logistics automation for package sorting and distribution. Cognex offers the DataMan product line of barcode readers, which includes both hand-held and fixed-mount models, and barcode verifiers, as well as the MX-1000 Series of vision-enabled mobile terminals that allow customers to leverage the mobile device technology for industrial barcode reading applications.
The Company competes with Keyence Corporation, Sick AG and Omron Corporation.
1 Vision Dr
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