Cognex CorporationCognex Q2 revenue of $291.3M missed analyst estimates by 0.7%, and shares are down 15.1% since reporting.
Specialized technology stocks delivered a strong Q2, with the eight tracked companies collectively beating revenue estimates by 1.4% and guiding next quarter's revenue 6% above consensus. Cognex reported revenues of $291.3 million, up 16.9% year on year, but fell short of analysts' expectations by 0.7%, and its stock is down 15.1% since reporting. The best performer was Napco, which reported revenues of $55.81 million, up 10% year on year, outperforming analysts' expectations by 6.2%. The weakest was OSI Systems, with revenues of $484.1 million, down 4.1% year on year, missing expectations by 8.5%. PAR Technology, Zebra, and others also reported strong results, with shares moving accordingly.
Cognex CorporationCognex Q2 revenue of $291.3M missed analyst estimates by 0.7%, and shares are down 15.1% since reporting.
Zebra Technologies CorporationZebra Technologies is cited among the specialized tech names reporting strong Q2 results.
NAPCO Security Technologies IncNapco reported Q2 revenue of $55.81M, up 10% YoY and beating estimates by 6.2%, the best performer of the group.
OSI Systems IncOSI Systems posted Q2 revenue of $484.1M, down 4.1% YoY and missing expectations by 8.5%, the weakest performer.
PAR Technology CorporationPAR Technology is cited among the specialized tech names reporting strong Q2 results.