Cognex is a provider of machine vision products that capture and analyze visual information in order to automate manufacturing and distribution tasks where vision is required. Machine vision products are used to automate the manufacturing and tracking of discrete items, such as mobile phones, aspirin bottles, and automobile tires, by locating, identifying, inspecting, and measuring them during the manufacturing or distribution process. Co.'s products have a variety of physical forms. For example, customers can purchase vision software to use with their own camera and processor, or they can purchase a standalone unit that combines camera, processor, and software into a single package. We show 45 historical shares outstanding datapoints in our CGNX shares outstanding history coverage, used to compute CGNX market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing CGNX market cap history over the course of time is important for investors
interested in comparing CGNX's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of CGNX versus a peer is one thing; comparing
CGNX market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like CGNX can fluctuate over the course of history.
With this page we aim to empower investors researching CGNX by allowing them to research the CGNX market cap history. |
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Video: The Importance of Market Cap
