Latest news with #Keyence
Business Insider
27-05-2025
- Business
- Business Insider
Bernstein Sticks to Its Buy Rating for Cognex (CGNX)
In a report released on May 22, Jay Huang from Bernstein maintained a Buy rating on Cognex (CGNX – Research Report), with a price target of $38.00. The company's shares closed last Friday at $29.72. Confident Investing Starts Here: Huang covers the Technology sector, focusing on stocks such as Cognex, Keyence, and IPG Photonics. According to TipRanks, Huang has an average return of 0.1% and a 45.95% success rate on recommended stocks. Currently, the analyst consensus on Cognex is a Moderate Buy with an average price target of $37.13. Based on Cognex's latest earnings release for the quarter ending March 30, the company reported a quarterly revenue of $216.04 million and a net profit of $23.6 million. In comparison, last year the company earned a revenue of $210.8 million and had a net profit of $12.02 million
Nikkei Asia
20-05-2025
- Automotive
- Nikkei Asia
Japan's Keyence buys German manufacturing software maker Cadenas
OSAKA -- Japanese robotics company Keyence announced on Tuesday that it has acquired German manufacturing software developer Cadenas Technologies, tapping its ample reserves of cash to develop new businesses domestically and overseas. Cadenas provides manufacturers with parts management databases and other services using three-dimensional computer-aided design, or 3D CAD. Keyence, which sells factory automation equipment like sensors and cameras, expects some synergy with Cadenas.
