Prediction: Buying Cognex Today Will Set You Up for Life

I'm not going to sugarcoat this: Machine vision company Cognex (NASDAQ: CGNX) is heading for a tough year, and there's a substantial risk that management won't have great news for investors when it delivers its first-quarter earnings on April 30. On the other hand, the stock looks like an excellent value for long-term investors searching for a growth stock to buy and hold for decades to come. Here's why.The company makes machine vision and barcode reading technology. In a sense, it's the eyes and, increasingly, the brain of automated equipment. As manufacturing and logistics companies continue to invest in automated production lines and logistics, the demand for machine vision will increase.In addition, it's not only generating productivity by replacing labor in terms of inspecting, identifying, monitoring, and precisely guiding production lines and logistics, but the reality is that its machine vision solutions can do the job better than humans. Moreover, that ability is increasingly enhanced by embedding artificial intelligence (AI) learning tools that make its machine vision systems easier to set up and able to perform more complex tasks.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool