Shares of Cognex Cp (CGNX) are trading 8% higher at a price of $45.02 at the time of this writing.
The likely catalyst is:
1. Cognex has increased its revenue guidance for the third quarter.
Cognex Cp has been trading between a 52-week high of $91.76 and a 52-week low of $40.55. The stock has a market cap of $7.81 Billion.
Cognex Corporation designs, develops, manufactures, and markets a wide range of image-based products, which use artificial intelligence (AI) techniques that give them the human-like ability to make decisions on what they see. Cognex products include machine vision systems, machine vision sensors, and barcode readers that are used in factories and distribution centers around the world where they eliminate production and shipping errors.