Zebra Technologies, a Lincolnshire business that provides a player place tracking method for use during National Football League games, has been accused of stealing the technology in a federal lawsuit filed this week by a competing Massachusetts firm. Unsurprisingly, it was Zebra’s acquisition of Motorola Solutions Inc (NYSE: MSI )’s scanner company last year for $3.five billion that contributed heavily to both the very good and the undesirable in Zebra’s earnings. The former Motorola division, which was worth more than Zebra Technologies itself at the time of the transaction, accounted for higher than two-thirds of Zebra’s revenue in the second quarter. The wise cash tracked by Insider Monkey seems to have foreseen some of the operational headwinds that have struck Zebra Technologies Corp. Of the funds tracked by Insider Monkey, 29 had long positions in the stock as of March 31, down from 35 at the end of 2014.
And while their total holdings improved in value by 6.2% to $770.83 million, the stock appreciated by 17.31% during the 1st quarter, which indicates that hedge funds collectively pulled about 10% of their holdings out of the stock. Motorola Solutions’ four,500 employees from the handheld division will be joining Zebra when the deal is completed.
What’s exciting with complementary nature of item sets is that we will be able to create new products,” Gerskovich told me. And he says a lot that will come in the burgeoning area of the Net of Factors, which he says is an area Zebra has been invested in for a quantity of years. Gerskovich explained element of this is because these Motorola scanners are much more than just dumb readers. He believes that Zebra and their consumers can take benefit of that intelligence when building applications on the Zatar platform. Zebra Technologies Corp.’s revenue for the quarter was up 208.five% compared to the same quarter final year.
The companies’ combined 2013 sales would have totaled $3.5B. As a stand-alone firm, Zebra generated $1B in sales in 2013, so this increases their size and scope in a pretty dramatic way. The stock was acquired at an typical cost of $87.67 per share, for a total transaction of $199,449.25. The transaction was disclosed in a filing with the SEC, which is accessible by way of this link. From $120.00 to $125.00 and gave the stock an overweight” rating in a report on Thursday, June 4th.
From an in-line” rating to an outperform” rating and set a $115.00 value objective on the stock in a investigation report on Tuesday, September 1st. One particular equities research analyst has rated the stock with a sell rating, one particular has assigned a hold rating and eight have provided a get rating to the stock. Flash, Hyperconvergence, OpenStack, Containers and Platforms are some of the hottest infrastructure technologies these days.