Zebra Technologies Corporation (ZBRA) has been a major subject of interest for both investors and brokers, with fluctuating performances recorded in the market. As indicated by some reports, Retirement Systems of Alabama and Signaturefd LLC pulled their shares, signaling a reduction of trust or a strategic move towards other opportunities. On the contrary, Russell Investments Group Ltd., Van ECK Associates Corp, and First Trust Direct Indexing L.P. increased their holdings, perhaps anticipating potential growth.
Despite the mixed responses, the stock reportedly outperformed its competitors on several trading days. The company partnership with Ivanti Wavelink positions it to leverage opportunities in the retail industry. Nevertheless, concerns were raised about Zebra's Q4 earnings crippling due to low demand, and Q1 earnings & revenues also declined Y/Y.
Despite the decline, Zebra Technologies did present a few positive outcomes, such as topping earning estimates, and receiving several price target boosts from recognized broking firms namely Truist Financial, UBS Group, and Needham & Company LLC. It's worth noting that the company's shares set a new 52-week high on better-than-expected earnings before experiencing a significant drop in demand, which negatively influenced the revenue outlook.
Zebra Technologies Stocks ZBRA News Analytics from Tue, 01 Aug 2023 07:00:00 GMT to Wed, 08 May 2024 18:36:46 GMT -
Rating 2
- Innovation -3
- Information 5
- Rumor -2
