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L ogistics and electric vehicles (EVs) are likely to be the primary drivers.ĬGNX stock has declined 8% over the past 12 months. Looking ahead, management sees significant upside potential within its end markets. Cash and equivalents ended the period at $907 million. Adjusted net income came in at $53.5 million, or 30 cents per diluted share, down from $69.3 million in the prior-year quarter. Revenue increased 9% YOY to $244 million. Ĭognex announced Q4, 2021 results on Feb. Its products can identify parts, detect potential defects as well as verify product assembly.
#Micro cap stocks with potential software#
It manufactures machine vision systems, software and sensors used in automated manufacturing. Our final mid-cap stock is Cognex (NASDAQ: CGNX). Mid-Cap Stocks to Buy: Cognex (CGNX)Īn image of a man in a suit holding a tablet, controlling manufacturing equipment in front of him A potential decline of 3%-5% in CLF shares would improve the margin of safety for long-term investors. The 12-month median price forecast for Cleveland-Cliffs stock is at $31. Yet, shares look cheap at 5.1 times forward earnings and 0.9 times trailing sales.ħ Safe Stocks to Buy to Guard Against a Recession The result is the “hot-briquetted iron (HBI), an environmentally friendly alternative to imported pig iron.” Put another way, the steel giant is effectively shielded from supply disruptions.ĬLF stock has risen 43% YTD. However, Cleveland-Cliffs has invested in a process that uses an alternative natural-gas-based plant. P rices have surged by more than 50% since Russia invaded Ukraine. Russia and Ukraine are large exporters of pig iron, or crude iron. As of February 2022, the company had total liquidity of $2.6 billion. Net income skyrocketed 1,100% to $899 million, or $1.69 per diluted share, compared to $74 million in the prior-year quarter.
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The steelmaker issued Q4, 2021 results on Feb. It ranges from mined raw materials to primary steelmaking and downstream finishing, tooling, as well as tubing. The company runs a vertically integrated business. The group is the largest flat-rolled steel and iron ore pellet manufacturer in North America. Our second stock on the mid-cap list is Cleveland-Cliffs (NYSE: CLF). The Cleveland-Cliffs (CLF stock) logo displayed on a web browser and magnified by a magnifying glass