Zebra Technologies’ products help businesses identify, locate and track assets, transactions and folks with on-demand specialty digital printing and automatic identification options in much more than one hundred countries around the planet. Zebra Technologies’ best line came in at $890 million, surpassing the Zacks Consensus estimate of $884 million. The final results included $573 million of sales contribution from the Enterprise organization acquired from Motorola Solutions, Inc. Also, Zebra Technologies’ cash generated from operating activities plunged 82.two% year over year to $19.five million in first-half 2015. To add to the woes, Zebra Technologies guided third-quarter 2015 net sales inside $900−$930 million and non-GAAP earnings in a range of $1.10−$1.35 per share.
We think such a lackluster outlook, coupled with a unanimous reaction to the earnings release, will effect earnings estimates for the stock in the close to term. Zebra Technologies, with a marketplace capitalization of $4.three billion, is a leading manufacturer and seller of printers and connected items. The organization competes with other players in the business, primarily John Bean Technologies Corporation ( JBT – Snapshot Report ) and Pentair plc ( PNR – Analyst Report ). Each these stocks hold a Zacks Rank #two (Purchase). On June six NowPublic’s coverage of a storm in Oman created it to the prime of the AOL and Yahoo news websites.
As forced stock holders, each American citizen owns a piece of the organization and the de facto CEO of the firm is the President of the United States. Zebra Technologies designs and manufactures label printers, radio frequency identification (RFID) printer/encoders, dye sublimation card printers, genuine-time locating options, connected accessories and help software worldwide.
For the duration of the quarter we also made material progress on achieving our price-synergy targets, pursuing development initiatives and integrating Zebra with the Enterprise enterprise acquired from Motorola Solutions in October. The favorable enterprise trends are continuing into the second quarter, as Zebra is well positioned to benefit more than the extended term from the convergence of technologies trends in the Internet of Issues, mobility and cloud computing. Miami, Fla.-based Zebra Technologies Latin America, LLC, serves as the headquarters for the company’s Latin American operations.
Wednesday morning, shares of Zebra closed were up 9.4% at $102.50, in a 52-week trading of $58.95 to $103.42. The stock has a consensus analyst cost target of $102.50. A global leader respected for innovation and reliability, Zebra provides technologies that give a virtual voice to an organization’s assets, individuals and transactions, enabling organizations to unlock higher company value. Additional Zebra sales and help offices are located in Mexico, Brazil and Argentina.