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Summary Cognex has been hammered by a sharp decline in its logistics business, as Amazon has shifted from "investment" to "digestion" with its distribution capex. Logistics revenue will likely see another double-digit drop in 2023, and Cognex's other two major markets - autos and consum...
Quick Take Zebra Technologies ( ZBRA ) has announced an agreement to acquire Profitect for an undisclosed sum. Profitect has developed an analytics software solution for retail and consumer product goods companies. With the deal, Zebra bolsters its Enterprise Asset Intelligence system ...
Wall Street is weird sometimes. Institutional investors spend remarkable amounts of time collecting data, and yet can still be flat-footed at surprising times. Given the slowdown in factory automation reported by companies like ABB ( ABB ), Rockwell ( ROK ), and Schneider ( SBGSY ), not ...
I flagged Cognex ( CGNX ) back in early December as offering rare upside for a high-growth industrial, and though the shares had further to fall before bottoming on Christmas Eve, they’re still up about 20% since that early December article – outperforming its closest peer K...