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Fly News Breaks for April 7, 2017
CGNX
Apr 7, 2017 | 07:26 EDT
After Cognex agreed to buy ViDi Systems SA, Bernstein analyst Jay Huang says the deal "makes perfect strategic sense." He says that ViDi addresses the need for deep learning in industrial inspection and can improve the functioning of Cognex products while expanding the areas in which they can be used. Huang adds that the deal should play an important role in helping Cognex maintain its leadership in the vision industry over the long run. However, he keeps a Market Perform rating on the stock.
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