Down 47% in a Year, Time to Buy This Growth Stock?
With a market cap of $8.3 billion, Cognex Corporation (NASDAQ: CGNX) is not a small-cap company. As the leader in machine vision, Cognex's strategic aim is to grow into a served market (estimated as being worth $4.2 billion in 2018) that management sees as growing at a 12% annual rate. The good news from 2022 is Cognex is achieving many of its strategic aims; the bad news is almost everything seems to be working against the company right now.