Revenue Update on Zebra Technologies Corp.(NASDAQ:ZBRA)

Zebra Technologies Corp.(NASDAQ:ZBRA) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 9, 2016. Company reported revenue of $882.00M. Analysts estimated a revenue of $869.18M. Earnings per share were $1.34. Analysts had estimated an EPS of $1.06.

In a different note, CLSA said it Initiates Coverage on Zebra Technologies Corp., according to a research note issued on Aug 3, 2016. The shares have been rated ‘Buy’ by the firm. Goldman Sachs said it Initiates Coverage on Zebra Technologies Corp., according to a research note issued on Jun 8, 2016. The shares have been rated ‘Neutral’ by the firm.

Zebra Technologies Corp. (ZBRA) shares turned negative on Wednesdays trading session with the shares closing down -3.3 points or -4.70% at a volume of 9,50,164. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $71.03. The peak price level was also seen at $71.03 while the days lowest was $66.58. Finally the shares closed at $66.89. The 52-week high of the shares is $91.49 while the 52-week low is $46.13. According to the latest information available, the market cap of the company is $3,530 M.

Several Insider Transactions has been reported to the SEC. On May 23, 2016, Frank Blaise Modruson (director) purchased 1,130 shares at $48.88 per share price.Also, On Mar 10, 2016, Joachim Heel (SVP, Global Sales) purchased 1,560 shares at $63.74 per share price.On Mar 2, 2016, Richard L Keyser (director) purchased 1,000 shares at $61.89 per share price, according to the Form-4 filing with the securities and exchange commission.

Zebra Technologies Corporation offers enterprise asset intelligence products and services. The Company’s products and services allow customers to manage their assets transactions and people of their organization. It designs manufactures and sells a range of products including enterprise mobile computers; advanced data capture devices; wireless local area network (WLAN) products; real-time location systems; related supplies and utilities frameworks and application software. It operates through two segments: Enterprise which consists of its mobile computing data capture and WLAN products and Legacy Zebra which consists of barcode and card printing location and motion sensing and supplies products. It provides a platform iFactr which offers the migration path for Windows Mobile/CE.NET compact framework applications. In addition it provides solutions in enterprise mobile space including modernizing rugged deployments as well as creating cross-platform applications.

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