Cognex (NASDAQ: CGNX) has been among the many technology companies hurt by the ongoing trade war. Over the past several quarters, management has blamed trade tensions and weak demand in China for tepid revenue growth and plummeting profits.
When things weren't as bad as many feared last quarter, Cognex stock rallied, and those gains have continued in recent weeks as the Trump administration touted a pending trade deal with China. That optimism has been a catalyst, driving the stock up nearly 38% so far this year, following a 37% decline last year.
Cognex is scheduled to report the results of its third quarter after the market close on Monday, Oct. 28. Let's recap the second-quarter results, dig into a recent development, and see what to expect.