CLSA Initiates Coverage on Zebra Technologies Corp. to Buy

CLSA Initiates Coverage on Zebra Technologies Corp.(NASDAQ:ZBRA). The shares have been rated Buy. The rating by CLSA was issued on Aug 3, 2016.

In a different note, 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) made into the market gainers list on Fridays trading session with the shares advancing 2.76% or 1.79 points. Due to strong positive momentum, the stock ended at $66.72, which is also near the day’s high of $67. The stock began the session at $64.66 and the volume stood at 8,52,445 shares. The 52-week high of the shares is $91.49 and the 52 week low is $46.13. The company has a current market capitalization of $3,521 M and it has 5,27,66,891 shares in outstanding.

Zebra Technologies Corp.(ZBRA) last announced its earnings results on May 10, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $847.00M. Analysts had an estimated revenue of $878.67M. Earnings per share were $1.01. Analysts had estimated an EPS of $1.22.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Zebra Technologies Corp. - Is it time to Sell?

Top Brokerage Firms are advising their investors on Zebra Technologies Corp.. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.