Jim Cramer’s 9 Failed Predictions From 12 Months Ago

7. Cognex Corporation (NASDAQ:CGNX)

Number of Hedge Fund Holders: 37

Cramer responded to a question about Cognex Corporation (NASDAQ:CGNX), a niche industrial vision systems company. He offered a mild endorsement, citing its profitability and performance at the time.

“You know—niche company, niche master. Cognex. Machine vision. I kind of like it. Makes money, you know what I mean? Look, is it going to catch on fire? It’s actually kind of caught on fire. But I like it.”

Cramer’s optimism didn’t age well as the stock has plunged 38.10% since his take.

Cognex Corporation (NASDAQ:CGNX) designs, develops, and manufactures machine vision systems, sensors, and industrial barcode readers used in automated manufacturing.